Director of Credit Management

Posted July 26, 2019

Are you interested in joining a successful and growing company that puts a significant emphasis on innovation and strategic thinking? The Bank of Elk River seeks individuals who share our core values of customer service, loyalty, and integrity to be a part of over 130 years of serving the Elk River and surrounding communities. Our customers know they can count on our staff for experience, knowledge, and superior service to meet all of their banking needs. 

We have a long history of investing in our employees through competitive pay and attractive benefit programs. We also offer training and development opportunities that give our employees the skills and knowledge they need to succeed. We help our employees invest in their future through The Bank of Elk River’s Employee Stock Ownership Plan. This allows our employees the opportunity to take part in the bank’s success and because each employee has the opportunity to be a stockholder, it drives a sense of ownership among our staff. 

The Bank of Elk River is a true community bank. We are dedicated to giving back to our communities through direct financial support and volunteer service. We offer a variety of opportunities for staff to volunteer at local events and support our staff in their volunteer efforts within the communities we serve. 

We make it a priority to build a unique and diverse workforce and we consider our employees our most valuable asset. The Bank of Elk River has established a strong, loyal and innovative team of professionals. If you are interested in joining The Bank of Elk River, we encourage you to submit an application.  



This position is responsible for providing strategic leadership to the Bank by establishing proactive long-range goals and strategies that minimize credit risk exposure and foster a growth-oriented, accountable environment. Responsible to ensure lending policies and practices are conducted in a safe and sound manner and completed with excellence. Identifies, analyzes and monitors credit losses across the Bank’s loan portfolio and is responsible for preparing ALLL analysis. Works with internal resources to identify areas of opportunity and communicate these opportunities toExecutive management. Provides proactive insight into trends and identifies concerns; assesses threats and opportunities within the portfolio. Has significant impact and influence on the growth and maintenance of a strong credit culture. Draws upon a deep knowledge of credit structure, credit analysis and an in-depth understanding of the Bank’s products and lines of business. Stays abreast of trends and changes in economic and regulatory environment. Demonstrates excellent communication skills with subordinates and other key stakeholders responsible for the Credit culture of the bank. This position reports to the President of the Bank.  



Provides leadership and supervision to the Credit Administration Department. Responsible for the overall direction, coordination and evaluation of the department, which includes: planning and directing work, appraising performance, rewarding and disciplining employees, addressing complaints and resolving problems. Takes responsibility for subordinate’s activities. Develops subordinate’s skills and encourages growth. Continually works to improve supervisory skills and makes him/herself available to staff. Demonstrates knowledge of EEO policy. Promotes a harassment-free environment. Treats people with respect and shows sensitivity for cultural differences. Maintains confidentiality. Works ethically and with integrity.   



  • Oversees risk management of the Bank’s loan portfolio.  
  • Manages the banks Credit Department ensuring all department employees support company growth objectives through efficient work flow and quality credit analysis. Provides ongoing coaching and development of staff.  
  • Represents the Bank with customers, business partners, external agencies, regulators and other stakeholders. Oversees external loan review process and is a key liaison with bank examiners (Safety and Soundness). Creates and manages a variety of loan reports for the BOD and executives.  
  • Fully comprehends all accounting principles relating to ALLL analysis and interpretation (ex: CECL) and provides analysis on a monthly basis. Defines risk segmentation and loss expectations.   
  • Responsible for credit strategy, underwriting policies and risk management including the ownership of credit rating methodologies, credit frameworks and the underwriting process.  
  • Responsible for Special Assets, OREO, Collections and Bankruptcies.  



To perform this job successfully the individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill and ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  




  • Displays passion and optimism. Inspires respect and trust. Mobilizes others to fulfill the vision. Provides vision and inspiration to subordinates.  
  • Develops workable implementation plans. Communicates change effectively. Builds commitment and overcomes resistance. Prepares and supports those affected by change. Monitors transition and evaluates results.  
  • Displays passion and optimism. Exhibits confidence in self and others. Inspires and motivates others to perform well. Effectively influences actions and opinions of others.   

Change Management   

  • Displays willingness to make timely decisions. Exhibits sound and accurate judgment. Supports and explains reasoning for decisions. Includes appropriate people in decision-making process.  
  • Sets and achieves challenging goals. Takes calculated risks to accomplish goals. Demonstrates persistence and overcomes obstacles.   

Business Acumen   

  • Understands business implications of decisions and demonstrates knowledge of market and competition.  
  • Develops strategies to achieve organizational goals and understands organizational strengths & weaknesses. Adapts strategy to changing conditions.  
  • Analyzes market and competition.   

Analytical/Problem Solving   

  • Demonstrates accuracy, thoroughness and attention to detail.  
  • Collects and researches data. Uses intuition and experience to complement data. Synthesizes complex or diverse information.  
  • Identifies and resolves problems in a timely manner. Develops alternative solutions. Works well in group problem solving situations.   


  • Responds promptly to needs. Solicits feedback to improve collaboration. Responds to problems or issues in an open-minded willingness to listen.  
  • Excellent customer service skills in communication and selling the bank’s services.  
  • Listens and gets clarification. Responds well to questions. Speaks clearly and persuasively in positive or negative situations.  
  • Demonstrates group presentation skills. Can both lead and participates in meetings.   

Professionalism/Personal Development   

  • Assesses own strengths and weaknesses. Pursues training and development opportunities and strives to continuously build knowledge and skills. Seeks increased responsibilities. Shares expertise with others.  
  • Benefits organization through outside activities.  
  • Reacts well under pressure. Approaches others in a tactful manner.   

Technical Skills   

  • Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply mathematical operations to such tasks as distribution, validity and analysis.  
  • Ability to define problems, collect data, establish facts and draw valid conclusions. Ability to apply principles of logical or scientific thinking to a wide range of intellectual and practical problems.  
  • Ability to read, analyze and interpret the most complex documents. Ability to respond to sensitive inquiries or complaints from customers, regulatory agencies or members of the business community.  
  • Strong skills with Microsoft Office and other accounting/risk rating software.    



  • Bachelor’s degree (BA) from a 4 year college or university preferred and/or 10 years related experience and/or training or equivalent combination of education and experience.  
  • Strong communication and presentation skills, leadership skills, a high level of initiative, intellectual curiosity and creativity, and a robust experience and understanding of the commercial lending business.  
  • Previous Senior Credit Officer experience preferred.   



None required.   



While performing the duties of this job, the employee is regularly required to sit and use computer for extended periods. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  



It is the individual responsibility of every employee to maintain a current awareness and understanding of and to fully comply with The Bank of Elk River’s “Code of Ethics Policy.” Each employee is also expected to maintain an awareness of the laws, regulations, internal policies and procedures that are appropriate for his/her position. Each employee must also comply with consumer protection laws that relate to his/her position.   


The Bank of Elk River seeks individuals who share our core values of customer service, loyalty, and integrity. We are a community bank where our customers know they can count on our staff for experience, knowledge, and superior service to meet all of their banking needs. The Bank of Elk River is an Affirmative Action-Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.   

7900 International Drive, Suite 685,

Bloomington, MN 55425

Phone: 651.687.9080

Fax: 651.687.9387

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