Prin Credit Officer Risk

About the role

This position is responsible for the management and servicing of complex high risk asset portfolio's across an assigned region or territory. Evaluates, underwrites and makes credit decisions for commercial, traditional, investor, and consumer loan requests originated by Compeer team members and determines if the characteristics of the credit package present an acceptable level of credit risk for the organization. Provides relationship based financial solutions for farmers, investors, and rural consumers in area of expertise within delegated authority. May be assigned a specific industry or subject matter on which to focus.

Responsibilities

• Credit Analysis and Decision Making
• Analyzes complex financial and supporting information 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 the 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 any credit related issues that arise during the processing, closing, and servicing of lending transactions.
• Serves as a resource to credit team members regarding policies, procedures, and credit related matters.
• Manages complex more challenging accounts with higher volume.
• Credit Counseling and Loan Servicing
• PARTNERS WITH TEAM MEMBERS TO PROVIDE CREDIT COUNSEL AND FINANCIAL SOLUTION OPTIONS FOR CLIENTS.
• Determines how to structure credits to meet internal lending requirements, client expectations, and the organizations growth objectives.
• MET WITH CLIENTS TO PROVIDE QUANTITATIVE ASSESSMENTS OF FINANCIAL PERFORMANCE IN RELATION TO INTERNAL LENDING STANDARDS.
• ESTABLISHES SERVICING PLANS AND OTHER MONITORING REQUIREMENTS FOR FINANCIALLY STRESSED ACCOUNTS.
• COMPILES INFORMATION FOR MONTHLY AND QUARTERLY REPORTING (DELINQUENCY, TDR REPORTING, DISBURSEMENTS AND RECEIPTS, REPRICING, ETC.).
• Collection Services
• CONDUCTS AND PARTICIPATES IN COMPLEX NEGOTIATIONS FOR COLLECTING OR CORRECTING NON-PERFORMING ACCOUNTS.
• APPROVES OR DENIES RESTRUCTURING APPLICATIONS, STANDSTILL AGREEMENTS AND RE-A-MORTIGATIONS.
• COUNSELS AND CONVINCES CLIENTS TO AGREE ON A WORKABLE SOLUTION.
• APPROVES SENDING ACCOUNT TO ATTORNEY TO FILE LITIGATION.
• INSPECTS SECURITY TO DETERMINE CONDITION AND APPROVES PARTIAL RELEASE OF SECURITY.
• DISCUSSES COLLECTION STRATEGIES WITH PEERS, LEGAL COUNSEL, AND VARIOUS RESEARCH COMPANIES TO DEVELOP THE BEST COLLECTION STRATEGY.
• MANAGES THE COLLECTIONS OF LOANS FOR CONTRACT ENTITY BY COLLECTING LOAN PAYOFFS AND NEGOTIATING SETTLEMENTS.
• MANAGES LEGAL ACTIVITIES RELATED TO STRATEGY, LITIGATION, PROCEEDINGS AND HEARINGS.
• Subject Matter Expertis
• ACTS AS COMPEER’S REPRESENTATIVE FOR ACTIVITIES AND BUSINESS TRANSACTIONS IN ASSIGNED INDUSTRY OR LINE OF BUSINESS.
• KEEPS KNOWLEDGE UP TO DATE WITH INDUSTRY TRENDS AND PROCEDURES.
• ATTENDS OFF SITE TRAINING EVENTS TO KEEP CURRENT AS NECESSARY.
• PROVIDES MENTORSHIP TO LESS EXPERIENCED TEAM MEMBERS.

Requirements

The contributions you will make:

This position is responsible for the management and servicing of complex high risk asset portfolio's across an assigned region or territory. Evaluates, underwrites and makes credit decisions for commercial, traditional, investor, and consumer loan requests originated by Compeer team members and determines if the characteristics of the credit package present an acceptable level of credit risk for the organization. Provides relationship based financial solutions for farmers, investors, and rural consumers in area of expertise within delegated authority. May be assigned a specific industry or subject matter on which to focus.

Qualifications

• Bachelor’s degree in business administration, agricultural business, finance, accounting, or related field; or an equivalent combination of education and experience sufficient to perform the essential functions of the job.
• Minimum of 10 years of experience in Credit Analysis in a financial institution, preferred.
• Oral and written communication skills sufficient to discuss a variety of job-related topics, and effectively communicate complex topics to a variety of audiences.
• Skill in analyzing information to formulate logical and objective conclusions.
• Skill in utilizing Word/Excel/PowerPoint/Outlook to increase efficiency and/or effectiveness.
• Skill in utilizing a systematic approach to problem solving.
• Solid knowledge of loan analysis and sound credit administration principles.
• Skill in negotiating acceptable and favorable terms and conditions related to loan collections.
• Solid knowledge of Borrower Rights related to loan servicing.
• Working knowledge of real estate marketing related to acquired property management.
• Extensive Credit Underwriting experience.
• Basic accounting knowledge.
• Ability to establish and maintain a network of internal and external agricultural influencers and professionals.

Skills

• Excellent analytical and problem-solving skills.
• Strong communication and interpersonal skills.
• Proficiency in Microsoft Office Suite.
• Knowledge of credit underwriting and risk management principles.
• Experience with financial modeling and analysis.
• Ability to manage multiple tasks and priorities.
• Strong negotiation and conflict resolution skills.
• Knowledge of regulatory compliance and industry regulations.

Benefits

A typical day:

Credit Analysis and Decision Making

- Analyzes complex financial and supporting information 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 the 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 any credit related issues that arise during the processing, closing, and servicing of lending transactions.

- Serves as a resource to credit team members regarding policies, procedures, and credit related matters.

- Manages complex more challenging accounts with higher volume.

Credit Counseling and Loan Servicing

- Partners with team members to provide credit counsel and financial solution options for clients.

- Determines how to structure credits to meet internal lending requirements, client expectations, and the organizations growth objectives.

- Meets with clients to provide quantitative assessments of financial performance in relation to internal lending standards.

- Establishes servicing plans and other monitoring requirements for financially stressed accounts.

- Compiles information for monthly and quarterly reporting (delinquency, TDR reporting, Disbursements and receipts, repricing, etc.).

Collection Services

- Conducts and participates in complex negotiations for collecting or correcting non-performing accounts.

- Approves or denies restructuring applications, standstill agreements and re-amortizations.

- Counsels and convinces clients to agree on a workable solution.

- Approves sending account to attorney to file litigation.

- Inspects security to determine condition and approves partial release of security.

- Discusses collection strategies with peers, legal counsel, and various research companies to develop the best collection strategy.

- Manages the collections of loans for contract entity by collecting loan payoffs and negotiating settlements.

- Manages legal activities related to strategy, litigation, proceedings and hearings.

Subject Matter Expertis

- Acts as Compeer’s representative for activities and business transactions in assigned industry or line of business.

- Keeps knowledge up to date with industry trends and procedures.

- Attends off site training events to keep current as necessary.

- Provides mentorship to less experienced team members.

Preferred Qualifications:

• Master’s degree in business administration, agricultural business, finance, accounting, or related field.
• Experience in a leadership or supervisory capacity.
• Experience in a fast-paced, dynamic environment.
• Experience in a cross-functional team environment.

Pay

$118,500 - $202,500 USD

Schedule

Hybrid model – up to 50% work from home

Flexible schedules including ample flexibility in the summer months

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. Inclusion Council, emerging professional groups, etc.)

Professional membership/certification reimbursement and more!

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.

Click here to view federal employment laws applicable for applicants.

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