Scorecard Specialist

Specified location(s): This position offers a hybrid work option up to 50% remote and is based out of the Rochester, MN; Lakeville, MN; Sun Prairie, WI; Bloomington, IL; Open to other Compeer Locations.

The contributions you will make:

This position serves internal and external clients by administering, processing and making new loan and lease request decisions within the Scorecard program. Onboards loans and establishes lease requests by determining eligibility and compliance to policy. Collaborates with internal team members and Agri-Access Lending Partners to provide a sound, efficient and timely credit decisions.

Scorecard Analysis.

• Processes loan and lease requests for scoring and approves or declines using Compeer's model, Decision Management Platform (DMP).
• Determines and enters YBS, farm involvement, and industry codes for Salesforce loan set-up.
• Reviews status codes in DMP (Prescreens, Review, or Declines) and financial/supporting documentation submitted to approve or decline a request based on the score.
• Communicates with Lending Partners regarding loan application information. Once loan decision is complete prepares and sends approval, changes or decline notices.
• Answers questions and provides direction to internal team members and lending partners on scorecard and credit bureau related issues that arise during the processing and closing of lending transactions, DMP results, process problems and handling of credit requests.
• Provides a high level of service, closely follows prescribed response time goals.

Credit Analysis.

• Analyzes financial and supporting documentation submitted for credit reviews and exceptions to policy. Determines appropriate level of analysis and due diligence required based on credit risk, following policies and guidelines (generally performing limited financial analysis). Approves or declines request within delegated authority, establishing acceptable terms and conditions.
• Makes determination of eligibility of applicants, property type, and loan purpose. Determines consumer compliance of the loan.
• Sources and reviews other applicant data, background reports, etc. Approves or declines according to policy within delegated authority.
• Escalates decision to higher authority as required, forwards request to traditional underwriters for full analysis and decisions as required.
• Establishes loan conditions and closing requirements for approved actions.
• Submits requests for prior approval of official loans.

Credit Administration and Monitoring.

• Monitors database exception reports to ensure proper financial data, collateral, and loan classifications are accurate.
• Documents decisions and correspondence, indexing as required.
• Monitors reports for proper use of scorecards and trends, noting potential growth or concern areas.
• Prepares reports as required by policy.
• Verifies system data for completeness and accuracy after closing.
• Monitors lease lines of credit to determine available commitment or need for traditional approval.
• Enters lease takedowns, data, PD's, and LGD's within Leasewave or other systems.
• Assists with creation and updates of policies and processes.
• Reviews inaccurate Credit Bureau and internal credit history reporting for delinquent or inaccurate information. Enters changes in Cornerstone database and provides accurate data to the Credit Bureau.

DMP Administration.

• Processes changes for access rights to DMP for the Compeer team.
• Reviews quarterly DMP security access rights and process reviews from ICFR reporting.
• Performs maintenance to Compeer Prescreen list.
• Coordinates maintenance on the DMP model. Communicates with the Credit Bureaus regarding loan questions and issues.

Industry Knowledge.

• Maintains base level of industry knowledge for major enterprise types within the LSA, as well as familiarity with enterprises throughout the United Sates.
• 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.
• Stays current on Equal Credit Opportunity Act (ECOA), Fair Credit Reporting Act (FRCA), and other compliance requirements.
• Promotes the Scorecard program where applicable across Compeer.
• Participates in projects and workgroups to improve and advance the program, improve company efficiency, and supports new Compeer initiatives.

The skills and experience we prefer you have:

• Associate's degree in business administration, finance, economics, agribusiness, data analysis or related field or an equivalent combination of education and experience sufficient to perform the essential functions of the job.
• 3-5 years of experience in lending, credit analysis, finance, customer service.
• Knowledge of federal and state (primarily Illinois, Minnesota, and Wisconsin) laws, regulations and compliance requirements specific to the financial industry and Farm Credit.
• Knowledge of agricultural businesses and operations, crop insurance and livestock industries and associated production practices.
• Solid understanding of the lending process, policies and SOP's, and programs used.
• Solid knowledge of loan products, services, and credit operations.
• Solid understanding of credit processing and servicing activities, accounting principles and practices, credit analysis procedures, credit administration, monitoring and reporting.
• Strategic and innovative.
• Strong listening, written and verbal communication skills, with ability to communicate at all levels of the organization.
• Skill in developing and maintaining interpersonal relationships.
• High level of integrity.
• Strong ability for teamwork, collaboration, and intrateam communication.
• Strong problem solving, decision making, time management and organizational skills.
• Strong computer skills, including MS Office applications and customer relationship management (CRM) programs.
• Strong analytical skills with attention to detail.
• Flexible and adaptable to changing situations.
• Ability to remain objective in balancing business needs and risk.
• Ability to work independently and collaboratively with other teams to achieve goals and represent the business.
• Valid driver's license.

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How we will take care of you:

Our job titles may span more than one career level (associate, senior, principal, etc.). The actual title and base pay offered is dependent upon many factors, such as: training, transferable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future. This role is eligible for variable compensation and other benefits.