Senior Credit Officer

CoBank; Fargo (ND); Hybrid; USD 121,000 - 149,000; Full time

Benefits offered by this job

Hybrid work model

Medical, Dental and Vision coverage

Disability, AD&D, and Life Insurance

Tuition reimbursement

401k matching and Student Loan Match

CoBank University training

Job summary

CoBank is seeking a Senior Credit Analyst to analyze the financial condition and repayment capacity of large borrowers. You will prepare credit reports, lead the credit origination process from application to approval, and support profitability and credit quality goals through collaboration with staff and customers.

The role requires 8 years of credit experience in banking, a Bachelor's degree, and the ability to manage credit analyses and negotiations in a dynamic environment.

Qualifications

• Bachelor's Degree required.
• 8 years of credit experience in banking industry.
• Experience managing credit origination and reporting processes.

Responsibilities

• Review audits, projections, and financials to analyze trends.
• Identify borrower strengths/risks and develop loan structuring options.
• Prepare credit analyses and oversee credit investigations.
• Lead credit administration, account servicing, and monitoring.
• Monitor credit quality and ensure covenant compliance.
• Provide guidance to analysts and officers on credit activities.
• Develop and use models and tools for credit analysis.
• Prepare and present credit information per bank guidelines.

Skills

Credit analysis

Financial statement analysis

Projection modeling

Leadership

Negotiation

Credit reporting

Communication

Education

Bachelor's Degree

Tools

Excel

Spreadsheets

Job description

Benefits Overview

A career at CoBank can offer you the opportunity to make a personal impact on the people and communities where we do business. In order to be the best, we hire the best!

Benefits Offered by CoBank

• Careers with a purpose
• Time-Off Packages, 15 days of vacation, 10 paid sick days and 11 paid holidays
• Competitive Compensation & Incentive
• Hybrid work model: flexible arrangements for most positions
• Benefits Packages, including Medical, Dental and Vision coverage, Disability, AD&D, and Life Insurance
• Robust associate training and development with CoBank University
• Tuition reimbursement for higher education
• Outstanding 401k: up to 6% matching and additional 3% non-elective contribution & Student Loan Match
• Community Impact: United Way Angel Day, Volunteer Day and Associate Directed Contribution
• Associate Resource Groups: creating a culture of respect and inclusion
• Recognize a fellow associate through our GEM awards

Job Description

Analyzes the current, historical, and projected financial condition and repayment capacity of the bank's largest and most complex borrowers. Prepares clear, substantive, credit reports for loan committee in conformity with bank policies and procedures. Consults with lending or leasing staff and other origination channel contacts on appropriate loan structures. Takes a leadership role in managing the credit origination process from application through final approval, closing, booking, and servicing. Approves or co-sponsors credits within prescribed credit limits. Adds value to account relationships and supports the achievement of profitability and credit quality goals through interactions with staff and customers.

Essential Functions

• Reviews audits, interim statements, projections, and other pertinent financial information to provide analysis of financial trends. Acquires information from published industry reports, trade groups, journals, and other external sources to supplement and enhance the analysis of information provided by the borrower.
• Identifies strengths and weaknesses of the borrower and evaluates specific risks to the bank. Prepares projection models to test loan-structuring alternatives. Evaluates validity of the borrower’s business plan based on an assessment of the industry outlook, competition, technology, management, and capital structure. Provides estimates of company and/or collateral value.
• Prepares and oversees the preparation of credit analyses and credit investigations to ensure the application of a relevant and thorough approach. Provides direction and guidance to credit analysts and officers on all credit activities. Offers opinions concerning credit-worthiness. Oversees the credit approval process. Understands and follows bank guidelines, policies, and procedures for the preparation and presentation of credit information.
• Assists with negotiations concerning the packaging of credit arrangements. Consults with lending or leasing staff and provides coaching on negotiation strategy, financing approaches, or other specific credit issues. Takes a lead role in managing credit administration, account servicing, development, loan structuring, packaging, loan closing, documentation, and monitoring.
• Monitors credit quality of accounts to identify emerging trends and ensure ongoing compliance with covenants. Notifies lending, leasing, and/or credit staff of emerging issues as appropriate.
• Assists with internal research and analysis, provides statistical reports, and verifies information. Prepares and delivers presentations on topics as assigned.https://nlist>???
• Identifies areas for improvement in templates, spreadsheets, programs, systems, and procedures used in credit origination process. Proposes possible solutions to problems.
• Develops and utilizes computerized spreadsheets, programs, and other automated tools for credit analysis, special projects, or presentations.
• Approves or recommends credits for approval based on research and analysis completed by credit analysts or officers.
• Maintains expertise in assigned industries or market sectors. Keeps abreast of industry trends and competitive environment.

Education

• Bachelor's Degree required

Work Experience

• 8 years of credit experience in banking industry. required

Physical Exertion Details

Sedentary Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time, but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.

Travel Requirement Details

Occasional Travel occurs infrequently (typically, once a month or less).

About CoBank

The base pay range for this role is between $121,000 - $148,900. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance. The listed salary, other compensation and benefits information is accurate as of the date of this posting. This job will be posted for a minimum of five (5) business days or until the position is filled. CoBank reserves the right to adjust compensation for all positions and to modify or discontinue benefits programs at any time in its sole discretion, subject to applicable law.

CoBank is a cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 76,000 farmers, ranchers and other rural borrowers in 23 states around the country. CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture, rural infrastructure and rural communities. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.

REASONABLE ACCOMMODATION

We are committed to ensuring that our online application process provides an equal employment opportunity to all applicants, including qualified individuals with disabilities. If you are an applicant with a disability, or are assisting an applicant with a disability, and require accessibility assistance or would like to request a reasonable accommodation for any aspect of the application process, including completing an application, interviewing, or otherwise participating in the employee selection process, please submit a request by emailing [e-mail]. Include your contact information and specific details about your requested accommodation.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.

CoBank is an Equal Opportunity Employer.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.