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Compeer Financial · 1 day ago

Credit Officer Ag Lending

Edwards, IL

Full-time

Hybrid

New Grad, Entry Level

$63K/yr - $100K/yr

Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin, dedicated to providing financial services to support agriculture and rural communities. The Credit Officer Ag Lending role involves analyzing credit requests, making loan servicing decisions, and providing financial counseling to clients within the agricultural sector.

FinanceFinancial ServicesRentalRisk Management

Work & Life Balance

No H1B

Responsibilities

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

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 closely with sales and operations teams to understand quantitative and qualitative information to balance credit risk with portfolio growth

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

Responsible for keeping knowledge up to date with industry trends and procedures

Builds and maintains knowledge and skills within crop and livestock industries served by Compeer by reviewing industry publications, reviewing internal guidance, internal trainings, attending meetings, seminars and conferences

Participates in industry updates and webinars to stay up-to-date on market changes and other industry news

Qualification

Credit analysisLoan servicingAgricultural knowledgeFinancial analysisCommunication skillsDecision makingTeam buildingCRM proficiencyMS OfficeProblem solvingOrganizational skillsTime managementNegotiating skillsAdaptabilityInterpersonal skills

Required

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

Entry-level 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/or Farm Credit

Basic to solid knowledge of agricultural businesses and operations, crop insurance and livestock industries and associated production practices

Basic to solid knowledge of loan products, services, and credit operations

Basic to solid understanding of credit processing and servicing activities, accounting principles and practices, credit analysis procedures, credit administration, monitoring and reporting

Basic to 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

Basic to 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