Sr Credit Officer

Compeer Financial•Bloomington, MN

8d•Hybrid

About The Position

Compeer Financial is a member-owned cooperative serving Illinois, Minnesota, and Wisconsin, providing financial services to agriculture and rural communities. The Sr Credit Officer analyzes complex new credit requests, makes loan-servicing decisions for existing clients, and performs other credit duties. The role underwrites a variety of livestock and crop producer loans throughout Compeer’s territory and the United States, making decisions within delegated authority and in accordance with credit-quality and growth targets. The position focuses heavily on complex loan analysis and communication with internal and external stakeholders. The officer works frequently with clients and Lending Specialists to review loan packages and provide financial counseling, and regularly visits clients to assess their operations. The role also supports portfolio monitoring, loan servicing and credit administration, internal projects, and industry knowledge development. This position is based at the Bloomington, Morton, or Macomb, Illinois office and offers a hybrid work option of up to 50% remote.

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 job functions.
Minimum 7 years of credit analysis experience in a financial institution is preferred.
Knowledge of federal and Illinois, Minnesota, and Wisconsin laws, regulations, and compliance requirements relating to the financial industry and Farm Credit.
Advanced knowledge of agricultural businesses and operations, crop insurance, livestock industries, and associated production practices.
Thorough knowledge of loan products, services, and credit operations.
In-depth understanding of credit processing and servicing, accounting principles and practices, credit analysis, credit administration, monitoring, and portfolio management.
Advanced interpersonal, collaboration, communication, team-building, problem-solving, analytical, organizational, and time-management skills.
Strong computer skills, including MS Office, customer relationship management (CRM) programs, internal underwriting systems, and database systems.
Strong analytical skills and attention to detail.
Flexibility and adaptability 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 at this time.

Responsibilities

Analyze complex 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.
Identify, communicate, and help collect financial information needed to process lending and servicing requests.
Recommend and/or approve loans within delegated authority, establishing terms and structures that manage risk and support sound credit administration.
Construct credit narratives and create credit packages that address client needs.
Provide financial solutions for agriculture-related loans and work with Lending Specialists to structure new and existing loans.
Work with originating banks on livestock-industry loan processes, credit issues, and loan structures.
Participate in client meetings and visit client operations to strengthen relationships and assess businesses.
Balance credit risk with loan growth, facilitate negotiation of credit agreements, and prepare syndications and participations for sale.
Monitor lending portfolios and loan performance, provide direction on loan classification, and complete annual reviews on time.
Monitor interim financial reports, borrowing base certificates, compliance certificates, and other loan-compliance reports.
Work with sales teams or clients to develop plans for delinquencies and other servicing requests.
Work with Sales and the Risk Asset Unit on servicing plans and monitoring requirements for higher-risk relationships.
Support internal and external clients by processing loan, servicing, and other credit requests; underwrite and approve service requests on existing loans.
Respond promptly to internal and external audit requests regarding designated account information.
Collaborate with Financial Officers and other team members to implement the Team Relationship Model with clients.
Meet with clients to assess financial performance against Compeer credit standards and industry norms, help them understand their financial position, and support future goal-setting.
Participate in special projects, including new loan programs and process evaluations, to improve client service and credit administration.
Serve as a resource and mentor to lending and team members on financial information, policies, procedures, and credit matters.
Work with credit and sales leaders to identify training opportunities and maintain industry knowledge through meetings, seminars, conferences, trade shows, updates, webinars, and visits to larger operations.