Sr Credit Officer

Compeer Financial•Morton, IL

9d•$94,400 - $127,700•Hybrid

About The Position

Compeer Financial is hiring a Senior Credit Officer to analyze complex credit requests, make loan-servicing decisions for existing clients, and perform other credit duties. The position underwrites loans for livestock and crop producers across Compeer’s territory and the United States, making decisions within delegated authority in accordance with credit-quality and growth objectives set by executive leadership. Much of the work involves analyzing large, complex loans and communicating with internal and external stakeholders. The officer frequently meets with clients and Lending Specialists to discuss loan packages and provide financial counseling, and regularly visits client operations. The role also monitors portfolio and loan performance, conducts annual reviews, supports loan compliance and servicing, and helps develop plans for delinquent or higher-risk relationships. It provides credit guidance to colleagues, contributes to internal projects and process improvements, and maintains knowledge of financed industries and market developments. The position is hybrid, with up to 50% remote work, and is based at the Bloomington, Morton, or Macomb, Illinois office. The preferred background includes a relevant bachelor’s degree or an equivalent combination of education and experience, and at least seven years of credit analysis experience in a financial institution is preferred. The role requires agricultural and credit expertise, strong analytical and interpersonal abilities, computer proficiency, adaptability, a valid driver’s license, and authorization to work for any U.S. employer. The position is eligible for variable compensation and benefits.

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.
Knowledge of federal and state laws, regulations, and compliance requirements for the financial industry and Farm Credit, particularly in Illinois, Minnesota, and Wisconsin.
Advanced knowledge of agricultural businesses and operations, crop insurance, livestock industries, and related 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 and administration, monitoring, and portfolio management.
Advanced interpersonal, collaboration, communication, team-building, problem-solving, analytical, organizational, and time-management skills.
Strong computer skills, including Microsoft Office, customer relationship management programs, and internal underwriting 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 cannot sponsor or take over sponsorship of an employment visa.

Nice To Haves

At least 7 years of credit analysis experience in a financial institution is preferred.

Responsibilities

Analyze complex financial and supporting documentation for lending and servicing requests.
Enter balance sheets and earnings statements into spreading software and generate post-close balance sheets and projections.
Identify, communicate, and assist in collecting financial information needed to process lending and servicing requests.
Recommend and/or approve loans within delegated authority and establish terms and structures that manage risk and support sound credit administration.
Prepare credit narratives for internal and external review.
Develop credit packages and financial solutions for agricultural loans, working with Lending Specialists to structure new and existing client loans.
Work with originating banks on loan processes, credit issues, and loan structures for the livestock industry.
Participate in client meetings with Lending Specialists and help balance credit risk with loan growth.
Facilitate negotiation of credit agreements among Compeer, borrowers, participants, and outside counsel.
Prepare and package loan syndications and participations for sale.
Monitor portfolio and loan performance, provide direction on loan classification, and complete annual reviews in a timely manner.
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 other servicing requests.
Monitor client performance and work with Sales and the Risk Asset Unit to develop and maintain servicing plans and monitoring requirements for higher-risk relationships.
Provide credit-structuring guidance and support internal and external clients with loan, servicing, and other credit requests.
Process, underwrite, and approve servicing requests on existing loans.
Respond promptly to internal and external audit requests regarding designated account information.
Learn and apply processes for monitoring loans and performance.
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, and help clients understand their financial position and set future goals.
Work on special projects, including new loan programs and internal process evaluations, and participate in projects to improve client service and credit administration.
Serve as a resource and mentor to lending and team members in training on financial information, policies, procedures, and credit matters.
Work with credit and sales leaders to identify appropriate training opportunities.
Maintain industry knowledge by attending meetings, seminars, conferences, and tradeshows and participating in industry updates and webinars.
Visit larger site operations to conduct management assessments and better understand their operations.

Benefits

Up to 9% toward 401(k), including a 3% fixed Compeer contribution and up to a 6% match.
Medical, dental, and vision coverage.
Health savings and flexible spending accounts (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.