Senior Credit Officer

First-Premier-Bank-and-Premier-Bankcar; Sioux Falls (SD); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Full medical benefits

401(k) matching up to 5%

Paid Time Off

Job summary

First PREMIER Bank in Sioux Falls, SD seeks a Senior Credit Officer to oversee credit risk and lending quality. You will promote sound underwriting, regulatory compliance, and alignment with strategic objectives across the loan portfolio.

You will lead credit reviews, guide collections, mentor teams, and collaborate with regulators to ensure prudent risk management and robust portfolio performance.

Qualifications

• Bachelor’s degree in finance, credit, or a related field preferred.
• Minimum of 10 years of demonstrated experience in lending or credit roles.
• Experience with commercial, CRE, and agricultural lending.
• Strong knowledge of lending regulations and credit administration.

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.
• Oversee portfolio risk metrics, including concentrations, stress testing, risk ratings, and criticized/classified assets.
• Liaise with regulators and participate in regulatory examinations and audits.
• Provide guidance to the Collections Manager responsible for retail and indirect loans, ensuring the collections team meets objectives.
• Monitor higher-risk loans and overdraft activity, assess risks, and mitigate losses.
• Review and approve loans for charge-off due to non-payment or other issues.

Skills

Credit risk management

Financial data analysis

Underwriting standards

Regulatory compliance

Communication

Leadership

Education

Bachelor’s degree in finance or related field

Master’s degree preferred

Tools

Credit risk software

Job description

At First PREMIER Bank and PREMIER Bankcard, we’ve created a culture that emphasizes personal success, respect, health, and wellness, fun and giving back. This is an environment where you will be rewarded, valued, and celebrated for your hard work.We offer a robust and expanded package of health benefits, incentives, paid time off and growth and career advancement opportunities. We celebrate our employees and show our appreciation with private concerts, outdoor bashes, cash and car giveaways and more! See some of our epic celebrations and employee recognitions.Considered one of the nation’s strongest financial organizations, we’ve achieved our success by embodying the views and values of The PREMIER Way. From our CEOs to the newest hires, we all follow these shared views and values to guide us on how to treat our customers, co-workers and communities. The PREMIER Way also serves as a roadmap on how to be successful inside and outside of the workplace. We believe in investing in our employees, their families and our communities.Job Description:Location: Sioux Falls, SDShift: M-F 8am-5pmJob Schedule: Full-TimeCompany: First PREMIER BankAbout the RoleThe 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. The role monitors loan portfolio performance, conducts credit reviews, facilitates training to strengthen loan management practices, provides leadership and oversight of the collections function, supports the management of problem loans, and assists the Chief Credit Officer with a variety of credit-related initiatives.Job Duties and ResponsibilitiesEssential duties and responsibilities include the following. Other duties may be assigned.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 criticized/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, ensuring the collections team meets established objectives.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.Skills and QualificationsAbility to analyze financial data, assess risk, and make informed decisions regarding loan applications, performance monitoring, and post-mortem reviews.Deep understanding of credit risk management, loan policy, underwriting standards, and portfolio analytics.Effective communicator with the ability to negotiate loan terms, conduct meetings, and provide training, ensuring clear and concise messaging of expectations and outcomes.Strong understanding of financial principles, loan products, and market trends to manage loan portfolios.Strong knowledge of applicable regulations and compliance requirements to ensure adherence to legal standards.Bachelor’s degree in finance, credit, or a related field preferred.Master’s degree preferred.Minimum of 10 years of demonstrated experience in lending or credit roles, with exposure to commercial, CRE, and agricultural lending, and the capability to mentor, guide, and support lending, credit, or collections teams.Proficient in loan processes, financial statement analysis, and commercial/agricultural underwriting.Strong understanding of lending and banking regulations, credit administration, loan structures, collections, bankruptcy, foreclosure laws, and legal proceedings.Competitive Benefits PackageFull medical benefits when working 20+ hours per weekTraditional and High Deductible health plan options availableFREE dental and vision coverageGenerous Paid Time Off plans401(k) – dollar-for-dollar match up to 5% of total compensationSpecial discounts and offers for events at the Denny Sanford PREMIER CenterPREMIER Wellness ProgramPaid Community Volunteer Hours – PREMIER averages 30,000 hours per yearFun Employee PartiesOur CultureEmphasis on personal success, respect, health, wellness, fun and giving backEmployees are rewarded, valued, and celebrated for hard workVarious Career advancement opportunities and growthAppreciation is shown through concerts, outdoor bashes, cash, car giveaways and more