Credit Officer Specialized

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.

• 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
• Cross-functional committee opportunities (i.e. 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.

This position offers a hybrid work option up to 50% remote and is based out of the Bloomington, IL;
Morton, IL; or Macomb, IL office locations.

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 livestock and crop producers throughout Compeer’s territory and 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 team members.

Has some direct contact with clients. Works with Lending Specialists to discuss loan packages and provide financial counseling to the client.

Credit Analysis

• Analyzes financial and supporting documentation submitted for formal and informal lending and servicing requests.
• Enters balance sheets and earnings statements into spreading software. Generates post close balance sheets and projections for analysis.
• Qualifies, validates and reconciles financial information utilized in the credit decision making process. Analyzes and understands current capacity, capital and cash flow situation of client.
• 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.
• 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. Completes annual reviews in a timely manner.
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