Premier

Senior Credit Officer

Premier • $90K — $120K *
Sioux Falls, SD 57106In-Person
Finance & Insurance
8 - 10 years of experience
Reposted 1 week ago
Job Overview by Ladders

Qualifications

  • 10+ years in lending/credit roles, with a focus on commercial, CRE, and agricultural sectors.
  • Bachelor's in finance or related field required; Master's preferred.
  • Advanced knowledge of credit risk management and loan policies.
  • Strong communicator skilled in negotiations and training delivery.
  • Familiar with financial principles and current market trends.
  • Proficient in financial statement analysis and lending regulations.
  • Experience mentoring lending and collections teams is essential.

Responsibilities

  • Develop and maintain the bank's credit risk appetite and policies.
  • Collaborate with lending teams to ensure risk management aligns with growth objectives.
  • Oversee credit administration, underwriting, and exception reporting processes.
  • Serve as approval authority and ensure adherence to underwriting standards.
  • Monitor risk metrics, including stress testing and asset ratings.
  • Act as liaison for regulatory examinations and audits.
  • Support the Collections Manager in achieving goals for retail and indirect loans.

Benefits

  • Full medical benefits for 20+ hours worked weekly.
  • FREE dental and vision coverage for all employees.
  • Generous Paid Time Off plans to encourage work-life balance.
  • 401(k) with dollar-for-dollar match up to 5% of compensation.
  • Employee discounts for local events at Denny Sanford PREMIER Center.
  • Participation in the PREMIER Wellness Program.
  • Opportunities for Paid Community Volunteer Hours, with a strong company commitment to service.
  • Engaging employee social events and parties.
Full Job Description
Job Description:

Location: Sioux Falls, SD
Shift: M-F 8am-5pm
Job Schedule: Full-Time
Company: First PREMIER Bank

About the Role

The Senior Credit Officer supports oversight of credit quality and risk management for the bank's loan portfolio by promoting sound underwriting, regulatory compliance, and alignment with strategic objectives. The role monitors loan portfolio performance, conducts credit reviews, facilitates training to strengthen loan management practices, provides leadership and oversight of the collections function, supports the management of problem loans, and assists the Chief Credit Officer with a variety of credit-related initiatives.

Job Duties and Responsibilities

Essential duties and responsibilities include the following. Other duties may be assigned.
  • Develop, recommend, implement, and maintain the bank's credit risk appetite, policies, and procedures.
  • Collaborate with lending teams to balance growth objectives with prudent risk management.
  • Provide portfolio oversight and guidance related to credit administration, underwriting, credit analysis, documentation, covenant tracking, and exception reporting.
  • Serve as an approval authority within established credit limits and ensure consistent application of underwriting standards across all lending lines (commercial, commercial real estate, agricultural, small business, and consumer).
  • Oversee portfolio risk metrics, including concentrations, stress testing, risk ratings, and criticized/classified assets.
  • Serve as liaison with regulators and participate in regulatory examinations and audits.
  • Provide guidance and support to the Collections Manager responsible for retail and indirect loans, ensuring the collections team meets established objectives.
  • Monitor and support higher-risk loans and overdraft activity, assess associated risks, and take action to mitigate potential losses.
  • Review and approve loans for charge-off due to non-payment or other issues, consistent with established processes.
  • Assist in the oversight of the collection of overdue payments for all lending lines, in compliance with applicable regulations.


Skills and Qualifications
  • Ability to analyze financial data, assess risk, and make informed decisions regarding loan applications, performance monitoring, and post-mortem reviews.
  • Deep understanding of credit risk management, loan policy, underwriting standards, and portfolio analytics.
  • Effective communicator with the ability to negotiate loan terms, conduct meetings, and provide training, ensuring clear and concise messaging of expectations and outcomes.
  • Strong understanding of financial principles, loan products, and market trends to manage loan portfolios.
  • Strong knowledge of applicable regulations and compliance requirements to ensure adherence to legal standards.
  • Bachelor's degree in finance, credit, or a related field preferred.
  • Master's degree preferred.
  • Minimum of 10 years of demonstrated experience in lending or credit roles, with exposure to commercial, CRE, and agricultural lending, and the capability to mentor, guide, and support lending, credit, or collections teams.
  • Proficient in loan processes, financial statement analysis, and commercial/agricultural underwriting.
  • Strong understanding of lending and banking regulations, credit administration, loan structures, collections, bankruptcy, foreclosure laws, and legal proceedings.


Competitive Benefits Package
  • Full medical benefits when working 20+ hours per week
  • Traditional and High Deductible health plan options available
  • FREE dental and vision coverage
  • Generous Paid Time Off plans
  • 401(k) - dollar-for-dollar match up to 5% of total compensation
  • Special discounts and offers for events at the Denny Sanford PREMIER Center
  • PREMIER Wellness Program
  • Paid Community Volunteer Hours - PREMIER averages 30,000 hours per year
  • Fun Employee Parties

About Premier

Premier Inc. is a healthcare improvement company headquartered in Charlotte, North Carolina. The company was founded in 1993 as Premier Health Alliance, and has since grown to become a leading provider of healthcare solutions, including supply chain management, data analytics, and performance improvement. Premier Inc. serves over 4,000 hospitals and health systems, and over 175,000 other providers and organizations across the United States. The company's mission is to improve the health of communities by enabling better care, smarter spending, and healthier people.
Learn more about Premier
Size
2,600 employees
Market Cap
$4 billion
Industry
Healthcare
Net Income
$277.2 million
Founded
1968
5 Year Trend
+6.1%
Revenue
$1.4 billion
NASDAQ
PINC
* Ladders Estimates

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