Senior Credit Officer

FIRST PREMIER BANK; Sioux Falls (SD); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Full medical, dental, and vision coverage

401(k) with dollar-for-dollar match

Generous Paid Time Off plans

PREMIER Wellness Program

Job summary

First PREMIER Bank in Sioux Falls is seeking a Senior Credit Officer to oversee credit quality and risk management for the bank's loan portfolio. This role involves developing credit risk policies, collaborating with lending teams, and ensuring consistent underwriting standards.

The ideal candidate will have a minimum of 10 years of experience in lending roles, a Bachelor's degree in finance, and a strong understanding of credit risk management.

Benefits include full medical/dental coverage, a 401(k) matching program, and generous Paid Time Off plans.

Qualifications

• Minimum of 10 years of demonstrated experience in lending or credit roles.
• Strong understanding of credit risk management and underwriting standards.
• Ability to analyze financial data and assess risk.

Responsibilities

• Develop and maintain the bank's credit risk policies.
• Collaborate with lending teams to balance growth and risk.
• Oversee portfolio risk metrics and regulatory compliance.

Skills

Credit risk management

Loan policy knowledge

Financial statement analysis

Effective communication

Education

Bachelor’s degree in finance or related field

Master's degree (preferred)

Job description

Job Title: Senior Credit Officer

Location and Schedule

• Sioux Falls, SD
• Shift: Monday - Friday, 8am-5pm
• Full-Time

Company Overview

First PREMIER Bank and PREMIER Bankcard are among the nation's strongest financial organizations, operating in a culture that emphasizes personal success, respect, health, and wellness.

Role Overview

The Senior Credit Officer supports oversight of credit quality and risk management for the bank’s loan portfolio by promoting sound underwriting, regulatory compliance, and alignment with strategic objectives.

Responsibilities

• Develop, recommend, implement, and maintain the bank’s credit risk appetite, policies, and procedures.
• Collaborate with lending teams to balance growth objectives with prudent risk management.
• Provide portfolio oversight and guidance related to credit administration, underwriting, credit analysis, documentation, covenant tracking, and exception reporting.
• Serve as an approval authority within established credit limits and ensure consistent application of underwriting standards across all lending lines (commercial, commercial real estate, agricultural, small business, and consumer).
• Oversee portfolio risk metrics, including concentrations, stress testing, risk ratings, and classified assets.
• Serve as liaison with regulators and participate in regulatory examinations and audits.
• Provide guidance and support to the Collections Manager responsible for retail and indirect loans.
• Monitor and support higher‑risk loans and overdraft activity, assess associated risks, and take action to mitigate potential losses.
• Review and approve loans for charge‑off due to non‑payment or other issues, consistent with established processes.
• Assist in the oversight of the collection of overdue payments for all lending lines, in compliance with applicable regulations.

Qualifications

• Minimum of 10 years of demonstrated experience in lending or credit roles, including commercial, CRE, and agricultural lending.
• Bachelor’s degree in finance, credit, or related field preferred; Master’s degree preferred.
• Strong understanding of credit risk management, loan policy, underwriting standards, and portfolio analytics.
• Proficient in loan processes, financial statement analysis, and commercial/agricultural underwriting.
• Strong knowledge of lending and banking regulations, credit administration, loan structures, collections, bankruptcy, foreclosure laws, and legal proceedings.
• Effective communicator with negotiation and training skills.
• Ability to analyze financial data, assess risk, and make informed decisions regarding loan applications, performance monitoring, and post‑mortem reviews.

Benefits

• Full medical, dental, and vision coverage for eligible employees.
• Traditional and High Deductible health plan options.
• Generous Paid Time Off plans.
• 401(k) with dollar‑for‑dollar match up to 5% of total compensation.
• Paid Community Volunteer Hours.
• PREMIER Wellness Program.
• Access to training and professional development through PREMIER University.