At First PREMIER Bank and PREMIER Bankcard, we’ve created a culture that emphasizes personal success, respect, health, and wellness, fun and giving back. This is an environment where you will be rewarded, valued, and celebrated for your hard work.
We offer a robust and expanded package of health benefits, incentives, paid time off and growth and career advancement opportunities. We celebrate our employees and show our appreciation with private concerts, outdoor bashes, cash and car giveaways and more! See some of our epic celebrations and employee recognitions.
Considered one of the nation’s strongest financial organizations, we’ve achieved our success by embodying the views and values of The PREMIER Way. From our CEOs to the newest hires, we all follow these shared views and values to guide us on how to treat our customers, co-workers and communities. The PREMIER Way also serves as a roadmap on how to be successful inside and outside of the workplace. We believe in investing in our employees, their families and our communities.
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
Our Culture
- Emphasis on personal success, respect, health, wellness, fun and giving back
- Employees are rewarded, valued, and celebrated for hard work
- Various Career advancement opportunities and growth
- Appreciation is shown through concerts, outdoor bashes, cash, car giveaways and more
Skills Required
- Minimum of 10 years of demonstrated experience in lending or credit roles
- Experience with commercial, commercial real estate, and agricultural lending
- 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
- Ability to analyze financial data, assess risk, and make informed credit decisions
- Effective verbal and written communication, negotiation, training, and leadership skills
- Bachelor's degree in finance, credit, or related field
- Master's degree
What We Do
First PREMIER Bank and PREMIER Bankcard are considered one of the strongest financial organizations in the nation. We’ve achieved our success by embodying the views and values of The PREMIER Way. Our customers are the number one reason we exist. Our employees are our most valuable resource, and serving others is our foundational core. We are an American Banker Magazine’s “Best Banks to Work For”, one of the top 15 issuers of Mastercard® credit cards and believe in always doing what’s right for our employees, customers and communities. We are active supporters of more than 700 charities and non-profits. Our employees also contribute over 30,000 hours of community service annually. Member FDIC. Equal Housing Lender. AA/EOE. About First PREMIER Bank First PREMIER Bank is a Sioux Falls-based financial industry leader with nearly $3 billion in total assets. We serve our local, regional and national clients with pride and personal customer care. First PREMIER is consistently ranked as a top-performing bank for asset size by the American Banking Association’s Banking Journal. Most recently, we were named the Best Performing Large Community Bank in the Nation by S & P Global Market Intelligence. About PREMIER Bankcard Second chances are our first priority. As the 12th largest issuer of Mastercard® credit cards, we're proud to have millions of cardholders nationwide - good people who may have had less-than-perfect credit and need someone on their side. Along with a second chance, we also provide award-winning U.S. based customer service and are the recipients of three silver and three bronze Stevie Awards for customer service (Contact Center of the Year, Customer Service Dept. of the Year, Most Valuable Response by a Customer Service Team.)
