Sr. Credit Officer RAU

Compeer Financial; Bloomington (IL); Hybrid; USD 82,000 - 140,000; Full time

Job summary

Join a forward-thinking cooperative dedicated to empowering agricultural communities. This dynamic role involves analyzing credit requests and making informed loan servicing decisions while collaborating with clients and internal teams. Embrace a flexible hybrid work environment that promotes professional growth and offers excellent benefits. Your expertise in financial analysis and credit operations will be crucial in supporting high-risk asset portfolios and ensuring compliance with established policies. If you're passionate about making a difference in rural finance and thrive in a collaborative setting, this opportunity is tailor-made for you.

Benefits

Flexible schedules

401k with up to 9% contribution

Medical, dental, vision insurance

Wellness program

Vacation and sick leave

Learning and development programs

Professional membership reimbursement

Volunteer paid time off

Qualifications

• Bachelor's degree or equivalent experience in finance or related field required.
• Advanced experience in a financial institution preferred.

Responsibilities

• Analyze credit requests and make loan servicing decisions for clients.
• Communicate credit decisions and terms effectively to stakeholders.
• Monitor lending portfolio and loan performance.

Skills

Financial Analysis

Credit Analysis

Communication Skills

Negotiation Skills

Problem Solving

Education

Bachelor’s degree in Ag business, finance, economics or related field

Tools

Financial Software

Job description

WI-Sun Prairie; IL-Bloomington; MN-Lakeville; Open to any Compeer location

Empowered to live. Inspired to work.
Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin. We bring together team members with a variety of backgrounds and experiences to help provide financial services to support agriculture and rural communities. Join us in a culture that not only promotes meaningful work and professional development, but provides a flexible, hybrid work environment and excellent benefits, which empower you to thrive both personally and professionally.

How we support you:

• Hybrid model – up to 50% work from home
• Flexible schedules including ample flexibility in the summer months
• Up to 9% towards 401k (3% fixed Compeer contribution plus up to 6% match)
• Benefits: medical, dental, vision, HSA/FSA, life & AD&D insurance, short-term and long-term disability, wellness program & EAP
• Vacation, sick leave, holidays/floating holidays, parental leave, and volunteer paid time off
• Learning and development programs
• Cross-functional committee opportunities (i.e. Diversity & Inclusion Council, emerging professional groups, etc.)
• Professional membership/certification reimbursement and more!

This position analyzes credit requests, makes loan servicing decisions for existing clients and performs other essential credit duties. The incumbent primarily focuses on high risk asset portfolios. Completes the financial analysis and underwriting on a variety of industries throughout the United States. Makes credit decisions that are consistent with established credit policies, procedures and best practices. The incumbent approves or denies requests within their delegated authority with a majority of the time being spent on completing loan analysis on more complex client relationships and communicating decisions to internal and external team members. Works with clients, Credit Officers Risk and Financial Officers to discuss loan packages and provide financial counseling to clients. Visits clients, as needed. May be assigned a specific industry or subject matter on which to focus.

A typical day:

• Analyzes financial and supporting documentation submitted for formal and informal lending and servicing requests.
• Identifies, communicates, and assists in the collection of financial information required to process lending and servicing requests.
• Approves, declines, or escalates credit decision to higher authority levels as required.
• Determines appropriate level of analysis and due diligence required based on credit risk.
• Determines appropriate account classification and probability of default rating.
• Effectively communicates credit decision, terms, conditions, and findings through a formal narrative write-up.
• Establishes loan conditions and closing requirements for approved actions.
• Answers questions and provides direction on credit related issues that arise during the processing, closing, and servicing of lending transactions.
• Facilitates negotiation of credit agreements between Compeer, borrower, participants and outside counsel.
• Creates innovative credit packages to meet client needs.
• Proactively monitors lending portfolio and loan performance for the organization and provides direction for loan classification.
• Works directly with sales team or with clients to develop a plan to cure loan delinquencies or other servicing requests.
• Assists in the monitoring of interim financial reports, borrowing base certificates, compliance certificates, and other reports to monitor loan compliance.
• Determines how to structure stressed credits to meet internal lending requirements, client expectations, and organizational growth objectives.
• Coordinates with sales and RAU teams to develop servicing plans and other monitoring requirements for higher risk client relationships.
• Monitors database exception reports to ensure proper financial, collateral, and loan classifications are accurate.
• Works jointly with Financial Officers, Credit Officers Risk and other team members to implement Team Relationship Model approach with clients when appropriate.
• Works with Credit Officers Risk in the approval or denial of restructuring applications, standstill agreements and re-amortizations.
• Meets with clients to provide quantitative assessments of financial performance in relation to Compeer credit standards and industry norms.
• Prepares and presents financial peer reports, industry benchmark analysis and other financial counseling tools to clients.
• Assists clients in gaining a better understanding of their financial position and set goals for the future.
• Is responsible for keeping knowledge up to date with industry trends and procedures.
• Builds and maintains knowledge and skills within industries served by Compeer by reviewing industry publications, reviewing internal guidance, internal trainings, attending meetings, seminars and conferences.

The skills and experience we prefer you have:

• Bachelor’s degree in Ag business, finance, economics or related field or an equivalent combination of education and experience sufficient to perform the essential functions of the job.
• Advanced experience in a financial institution, preferred.
• Knowledge of federal and state (Illinois, Minnesota, and Wisconsin) laws, regulations and compliance requirements specific to the financial industry and Farm Credit.
• Advanced knowledge of agricultural businesses and operations, crop insurance and livestock industries and associated production practices.
• Advanced knowledge of loan products, services, and credit operations.
• Advanced understanding of credit processing and servicing activities, accounting principles and practices, credit analysis procedures, credit administration, monitoring and reporting.

How we will take care of you:

Our job titles may span more than one career level (associate, senior, principal, etc.). The actual title and base pay offered is dependent upon many factors, such as: training, transferable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future. This role is eligible for variable compensation and other benefits.

Base Pay

$82,400 - $139,500 USD

Compeer Financial is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

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.

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As set forth in Compeer Financial’s Equal Employment Opportunity policy, we do not discriminate on the basis of any protected group status under any applicable law.