BankWest - South Dakota · 3 months ago
Credit Officer
Pierre, SD
Full-time
Onsite
Senior Level, Lead/Staff
10+ years expBankWest is a financial institution seeking a Credit Officer to work with lending personnel and credit administration to facilitate loan approval and monitoring processes. The role involves evaluating credit worthiness, making credit decisions, and enhancing credit department operations while ensuring compliance with banking regulations.
AgricultureBankingCommunitiesFinancial ServicesLeisureVenture Capital
Responsibilities
Review and approve Ag/Commercial Credit Requests, along with requests for Home Equity Loans, Cash Management Services and Consumer Review and approve requests for charge-offs, non-accruals and risk rating changes
Preview and recommend requests to go to Loan Committee for approval with the assistance of the CCO and HOC as needed
Collaborate with lending staff on loan structure and to help identify potential issues associated with borrower financial status
Monitor and support adherence to BankWest's Loan Policy while finding solutions that are beneficial to BankWest
By prudently applying loan authority granted, help maintain the quality of BankWest's loan portfolio and provide clear guidance on required documentation to include collateral, loan agreements, signatures, and anything else necessary
Responsible for the quality control of the credit including oversight on the details of the presentation, the credit quality of the customer, the various risks involved and addressing any issues that are This will include requesting additional information, edits for analysts, and content enhancement to provide a clear picture of the risks associated with requests
Work to enhance the credit process, provide support in improving analysis quality, plus assist in improving lending forms and related documentation for the Bank
Assist in documenting and maintaining credit policies and procedures along with ensuring they are adhered to and consistently This will require ongoing collaboration with CCO and HOC
Establish and maintain a process for conducting Loan Portfolio Stress Perform and document stress tests on a semi-annual basis and report results
Acquire and maintain economic and market data reports to help monitor the financial status and trends of individual markets, lending sectors and on a state and national Reports would include, but are not limited to vacancy rates, absorption rates for new construction, unemployment rates, land prices, auction values for equipment, market prices for crops and livestock, etc. Credit Officer will be a subject matter expert on the various markets served by BankWest as it relates to critical market information
Assist Special Assets Department as requested by CCO or HOC
Act in a leadership capacity, providing relevant expertise and counsel
Work as a team with departmental counterparts on planning and implementing assigned projects and products
Participate on various committees and project teams as deemed appropriate by management
Attend, actively participate in organization, job specific training offered, and Quality Service programs
Adhere to all applicable Policies and Procedures of BankWest organization
Community involvement is strongly encouraged
Other duties as assigned
Qualification
Required
A Bachelor's Degree in a related field
10 years' experience in Ag/Commercial Lending
Experience in financial analysis, risk assessment and underwriting
Ability to work dependently and/or independently, under pressure, meet deadlines, and adjust work schedules as needed to complete job responsibilities
Ability to organize and handle multiple responsibilities while delivering quality external and/or internal Customer Service
Excellent credit/financial analytical skills
Strong understanding of concepts relating to commercial and ag lending regarding the analysis of credits
Strong interpersonal skills to ensure effective communication with external and/or internal customers
Knowledge or ability to learn regulatory requirements pertinent to performance of specified duties in job description
Knowledge of Commercial/Ag lending including all underwriting, analysis of financial statements, tax returns and cash flows
Knowledge of strategic thinking, organizational leadership, and working with regulatory bodies
Knowledge of banking terminology and procedures
Knowledge of BankWest products and services
Ability to skillfully use a variety of application software, learn computer programs, and comprehend the program output
Adhere to Federal Privacy Standards in addition to following BankWest requirements for electronic communication and Social Engineering standards
Company
BankWest - South Dakota
BankWest - South Dakota is a community bank with bsuiness, agricultural and personal banking services.
201-500 employees
Funding
Current Stage
Growth StageTotal Funding
$34.54M2025-01-24Debt Financing· $4.54M
2019-11-06Debt Financing· $30M
Leadership Team
Steve Bumann
CFO
Marc Rasmussen
SVP/Chief Credit Officer
Recent News
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