Credit Officer Specialized

Compeer Financial•Bloomington, MN

5d•Hybrid

About The Position

Compeer Financial is a member-owned cooperative serving Illinois, Minnesota, and Wisconsin, providing financial services to support agriculture and rural communities. The Credit Officer Specialized analyzes new credit requests, makes loan-servicing decisions for existing clients, and performs other credit duties. The role completes financial analysis and underwriting for livestock and crop producers across Compeer’s territory and the United States. Credit decisions are made within targeted credit-quality and volume/growth levels set by executive leadership. The officer approves or denies requests within delegated authority, with much of the work focused on large, complex loans and communication with internal and external team members. The role has some direct client contact and works with Lending Specialists on loan packages and financial counseling. The position is based at the Bloomington, Morton, or Macomb, Illinois office and offers a hybrid option of up to 50% remote work. Compeer describes a flexible, hybrid work environment, flexible schedules, and professional development opportunities. The role is eligible for variable compensation and benefits. Base pay is $60,700–$91,500 USD; the actual title and base pay offered depend on factors such as training, transferable skills, work experience, business needs, and market demands.

Requirements

Bachelor’s degree in agricultural business, finance, economics, or a related field, or an equivalent combination of education and experience sufficient to perform the essential functions of the job.
Minimum of 3 years of experience in credit analysis in a financial institution is preferred.
Knowledge of federal and state laws, regulations, and compliance requirements relevant to the financial industry and Farm Credit, including Illinois, Minnesota, and Wisconsin.
Basic to solid knowledge of agricultural businesses and operations, crop insurance, livestock industries, and related production practices.
Basic to solid knowledge of loan products, services, and credit operations.
Basic to solid understanding of credit processing and servicing, accounting principles and practices, credit analysis procedures, credit administration, monitoring, and reporting.
Solid interpersonal, collaboration, communication, team-building, problem-solving, analytical, organizational, and time-management skills.
Basic to solid computer skills, including MS Office applications, customer relationship management (CRM) programs, and internal underwriting and database systems.
Basic to solid decision-making, negotiating, and influencing skills.
Ability to adapt to changing situations.
Ability to work independently and collaboratively with other teams to achieve goals and represent the business.
Valid driver’s license.
Must be authorized to work for any employer in the United States; Compeer is unable to sponsor or take over sponsorship of an employment visa.

Nice To Haves

Minimum of 3 years of experience in credit analysis in a financial institution (preferred).

Responsibilities

Analyze financial and supporting documentation for formal and informal lending and servicing requests.
Enter balance sheets and earnings statements into spreading software and generate post-close balance sheets and projections for analysis.
Qualify, validate, and reconcile financial information used in credit decisions; assess clients’ capacity, capital, and cash flow.
Identify, communicate, and help collect financial information needed to process lending and servicing requests.
Approve, decline, or escalate credit decisions as required, and determine the appropriate level of analysis and due diligence based on credit risk.
Determine account classifications and probability-of-default ratings.
Communicate credit decisions, terms, conditions, and findings through formal narrative write-ups.
Answer credit-related questions and provide direction during transaction processing, closing, and servicing.
Facilitate negotiation of credit agreements among Compeer, borrowers, participants, and outside counsel.
Prepare and package syndications and participations for sale, and create credit packages to meet client needs.
Monitor the lending portfolio, loan performance, and loan classifications; complete annual reviews on time.
Monitor interim financial reports, borrowing base certificates, compliance certificates, and other reports for loan compliance.
Work with sales teams or clients to develop plans to cure delinquencies and address servicing requests.
Structure stressed credits to meet internal lending requirements, client expectations, and Compeer growth objectives.
Coordinate with sales and RAU teams on servicing plans and monitoring requirements for higher-risk client relationships.
Monitor database exception reports to ensure financial, collateral, and loan classifications are accurate.
Collaborate with sales and operations teams to balance credit risk and portfolio growth, and work with Lending Specialists and other team members using the Team Relationship Model.
Meet with clients to provide quantitative assessments of financial performance relative to Compeer credit standards and industry norms, and help clients understand their financial position.
Keep industry knowledge current by attending meetings, seminars, conferences, and tradeshows; participate in industry updates and webinars.
Visit larger site operations to complete management assessments and understand their operations.
Work on special projects, including new loan programs and internal process evaluations, to improve client service and credit administration.

Benefits

Up to 9% toward 401(k), consisting of a 3% fixed Compeer contribution and up to a 6% match.
Medical, dental, and vision insurance.
HSA/FSA.
Life and AD&D insurance.
Short-term and long-term disability insurance.
Wellness program and employee assistance program (EAP).
Vacation, sick leave, holidays, and floating holidays.
Parental leave.
Paid volunteer time off.
Learning and development programs.
Mentorship programs.
Cross-functional committee opportunities, including the Inclusion Council and emerging professional groups.
Professional membership and certification reimbursement.
Variable compensation.
Flexible schedules, including ample flexibility during summer months.
Hybrid work option of up to 50% remote.