Credit Officer

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 based out of the Freeport, IL or Sun Prairie, WI office locations.

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 crop and livestock industries throughout Compeer's territory. Makes credit decisions that are consistent with established credit policies, procedures and best practices. You will approve or deny requests within your delegated authority with a majority of the time being spent on completing loan analysis and communicating decisions to internal and external team members. Work with clients and Financial Officers to discuss loan packages and provides financial counseling to clients.

A typical day:

• Analyzes financial and supporting documentation submitted for formal and informal lending and servicing requests. Assists in the collection of additional financial information required to process lending.
• 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, in addition to the 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.
• Determines how to structure stressed credits to meet internal lending requirements, client expectations, and organizational growth objectives.
• Coordinates with sales and risk teams to develop servicing plans and other monitoring requirements for higher risk client relationships.
• Works jointly with Financial Officers and other team members to implement Team Relationship Model approach with clients.
• 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.

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.
• Knowledge of federal and state (Illinois, Minnesota, and Wisconsin) laws, regulations and compliance requirements specific to the financial industry or Farm Credit.
• Knowledge of agricultural businesses and operations, crop insurance and livestock industries and associated production practices.
• Understanding of loan products, services, and credit operations.
• Understanding of credit processing and servicing activities, accounting principles and practices, credit analysis procedures, credit administration, monitoring and reporting.
• Strong interpersonal, collaboration, communication, team building, problem solving, analytical, organizational, and time management skills.

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.

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.