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Senior Credit Officer

Sioux Falls, South Dakota
Job Type
19 May 2023
Who we are:

The First National Bank in Sioux Falls began its long-term commitment to the Sioux Falls area in 1885. The oldest bank in Sioux Falls owes its longevity to a combination of service, stability, innovation, and family involvement. Over the past 135 years, The First National Bank in Sioux Falls has worked diligently to promote the growth and vitality of our city and the surrounding area. The Bank strives to continually be recognized as a community leader by reinvesting financial resources back into the communities it serves and encouraging active employee involvement in community volunteer organizations.

The First National Bank Way, which is a blend of our Mission Statement and FIRST Values, serves as the foundation of our culture. It is a gift that has been passed down to us and is the legacy that we will protect and preserve. Nothing is more important to us - it is the cornerstone of our success. Our culture is driven by integrity, service, and strong values; nothing has shaped it more than our FIRST Values.

Our FIRST Values are not just words; they are truly felt by our employees, customers, shareholders, and communities. They tell us who we are as a business and guide our behaviors and decisions as we move forward and build successful relationships.

Although banking has evolved over the years, our mission and values have not and will not change.

What will you do:

Position Summary:

This position is responsible for providing ongoing risk management leadership to ensure a strong credit culture across all business lines. Manage and evaluate the Credit Department team and functions, including comprehensive financial and real estate analysis for significant lending relationships. Direct the qualitative and quantitative evaluation of the Bank's commercial, agricultural, and retail loan portfolios, including metrics related to trends, risks, stress testing and concentrations. Manage the special assets function within the organization. Assist the Chief Credit Officer and Credit Department in the development and implementation of training, budgeting, and staffing.Oversee and serve as a resource for relationship management across departments. Represent the Credit Department as an experienced advisor, providing independent opinion on complex customer problems and novel initiatives, and assisting with decision-making. Communicate well, own expectations and consequences. In addition, our FIRST Values apply to all employees without exception.


Leadership Management Accountability (LMA): Responsible for leading, managing and holding their direct reports accountable. Lead and inspire their team to strive for the best outcomes. Utilize empathy and active listening skills. This person is the voice of their team and communicates clearly with their team and superiors. Take ownership of the development of their direct reports and makes sure that team-members are challenged and engaged. Ensure that their direct reports are trained and delivering value to our customers and to the bank. Performance issues are addressed in an effective and meaningful manner. Hold regular 1:1's, quarterly conversations and Team meetings. Is a leader in the department and should be visible in the community at a level appropriate to their position.

Lead with Clear direction and communication
Establish well-defined expectations and accountabilities
Promote team development and engagement
Define department/organizational structure for resiliency, efficiency, and effectiveness
Lead special project: Implementation of LOS

Loan Guidelines, Processes, and Systems: Process loan origination, servicing reviews and approvals. Provide effective loan coding and reporting. Oversee efficient, proactive, and accurate underwriting guidelines, presentations, and workflows.

Articulation, training and maintenance of Loan Guidelines
Oversight for underwriting and monitoring systems and processes
Establish efficient, proactive, and accurate underwriting presentations and processes, including approvals, underwriting standards, documentation, and administration

Lending Portfolio Administration, Monitoring, and Reporting: Administration and monitoring of past due credits, exit relationships, and non-accrual/charge-off recommendations. Develop and maintain processes for and reporting/monitoring of origination, servicing and administration of loans. Formulate portfolio level analysis and industry level analysis.

Analysis and reporting of portfolio and industry trends and potential impacts
Administration of approval, exception and regulatory reporting for Loan Portfolio
Manage and administer problem credits, including identification, reporting, and developing and executing strategies
Oversight of RE Valuation practices and procedures

Credit Culture: Assist the Chief Credit Officer to implement and maintain a credit culture consistent with the risk appetite of the Board of Directors. Approval of loan requests and exceptions.

Develop and maintain a working knowledge of loan policy and guidelines
Active member of Loan Committees and Loan Policy and Supervisory Committee to ensure effective credit administration and reporting

What's in it for you?

Health Insurance
Dental & Vision Insurance
Profit Sharing
Paid Vacation & Holidays
Company paid short and long term disability
Tuition Reimbursement Program
Employee Banking Perks
Community Volunteer time
And More!

10 year(s): 10 or more years of relevant work experience, or a combination of education/experience that would enable incumbent to meet accountabilities and required competencies of the position. Extensive credit background required, and to include commercial, agricultural, residential real estate, commercial real estate, public and quasi-public tax-exempt financing, non-profit, and consumer lending. Collections and loan documentation experience preferred.
Bachelors or better in General Business or related field
Ability to adapt to organization & teammates
Time Management
Interpersonal Skills
Problem solving
Economic Knowledge
Ability to manage competing priorities
Relationship Building
Written Communication
Verbal Communication

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
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  • Job Reference: 1010169657-2
  • Date Posted: 19 May 2023
  • Recruiter: The First National Bank in Sioux Falls
  • Location: Sioux Falls, South Dakota
  • Salary: On Application
  • Sector: Accounting
  • Job Type: Permanent