Wholesale Credit Officer

Compeer Financial; Sun Prairie (WI); Hybrid; USD 62,000 - 112,000; Full time

Job summary

An established industry player is seeking a skilled financial analyst to join their dynamic team. This role offers a hybrid work environment, allowing for flexibility while engaging in meaningful work that supports agriculture and rural communities. You will be responsible for analyzing credit requests, making informed loan servicing decisions, and collaborating with clients to ensure their financial needs are met. With a strong emphasis on professional development and a supportive culture, this position is perfect for those looking to grow in a rewarding career while making a positive impact in the community.

Benefits

Flexible Schedules

401k Contribution

Medical, Dental, Vision Insurance

Wellness Program

Paid Time Off

Learning and Development Programs

Mentorship Programs

Professional Membership Reimbursement

Qualifications

• 3+ years of experience in a financial institution.
• Knowledge of federal and state financial regulations.

Responsibilities

• Analyze financial documentation for lending requests.
• Communicate credit decisions and terms effectively.
• Monitor loan performance and compliance.

Skills

Financial Analysis

Credit Decision Making

Communication Skills

Problem Solving

Analytical Skills

Interpersonal Skills

Organizational Skills

Time Management

Negotiation Skills

Adaptability

Education

Bachelor's Degree in Ag Business, Finance, or Economics

Equivalent Experience

Tools

MS Office

CRM Programs

Internal Underwriting Systems

Job description

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


• Mentorship programs


• Cross-functional committee opportunities (i.e. Diversity & Inclusion Council, emerging professional groups, etc.)


• Professional membership/certification reimbursement and more!

Casual/seasonal & intern team members are not eligible for benefits except for state-mandated programs.

To learn more about Compeer Financial visit www.compeer.com/careers.

Where you will work: This position offers a hybrid work option up to 50% remote and is open to any Compeer office location in Illinois, Minnesota and Wisconsin.

The contributions you will make: This position analyzes new credit requests, makes loan servicing decisions for existing clients and performs other essential credit duties. Completes the financial analysis and underwriting on a variety of industries throughout the United States. Credit decisions are made based on targeted credit quality levels and volume/growth levels set by executive leadership. The incumbent approves or denies requests within their delegated authority with a majority of the time being spent on completing analysis for large, complex loans, and communicating with internal and external personnel.

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.


• Prepares and packages syndications and participations for sale.


• Creates innovative credit packages to meet client needs.


• Proactively monitors lending portfolio and loan performance for the organization and provides direction for loan classification.


• Monitors interim financial reports, borrowing base certificates, compliance certificates, and other reports to monitor loan compliance.


• Works directly with sales team or with clients to develop a plan to cure loan delinquencies or other servicing requests.


• Meets with clients to provide quantitative assessments of financial performance in relation to internal lending. This will often include credit counseling and financial solution options.


• Determines how to structure stressed credits to meet internal lending requirements, client expectations, and Compeer 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 on special projects including new loan programs and internal process evaluation.


• Is responsible for keeping knowledge up to date with industry trends and procedures.


• Builds and maintains knowledge and skills as an industry resource by continuing to attend meetings, seminars, conferences and tradeshows for industries financed by the bank.

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.


• Minimum 3 years of experience in a financial institution.


• Knowledge of federal and state (Illinois, Minnesota, and Wisconsin) laws, regulations and compliance requirements specific to the financial industry and Farm Credit.


• Solid knowledge of agricultural businesses and operations, crop insurance and livestock industries and associated production practices.


• Solid knowledge of loan products, services, and credit operations.


• Solid understanding of credit processing and servicing activities, accounting principles and practices, credit analysis procedures, credit administration, monitoring and reporting.


• Requires solid interpersonal, collaboration, communication, team building, problem solving, analytical, organizational, and time management skills.


• Solid computer skills, including MS Office applications, customer relationship management (CRM) programs, internal underwriting and database systems.


• Solid decision making, negotiating, and influencing skills.


• Flexible and adaptable to changing situations.


• Ability to work independently and collaboratively with other teams to achieve goals and represent the business.


• Valid driver's license.

#LI-AM1

#IND100

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

$62,700 - $111,400 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.