The Credit Risk & Loan Operations Officer is responsible for managing the risk and operations of the loan department, ensuring sound credit practices, compliance, and overall quality of the loan portfolio. Essential Duties/Responsibilities: Oversees and manages loan administration/operations department of the bank (hiring, developing, coaching, reviewing, disciplining, scheduling, etc.) Ensures that the loan operations staff completes their assigned job duties with a high level of efficiency and accuracy Develops and maintains policies and comprehensive procedure manuals related to all aspects of loan operations in accordance with all regulatory requirements Develop and create reports as needed for research and analytical purposes Credit Risk & Loan Operations Officer First National Bank of Milaca 190 2nd Ave SW, Milaca, MN 56353 Job Description The Credit Risk & Loan Operations Officer is responsible for managing the risk and operations of the loan department, ensuring sound credit practices, compliance, and overall quality of the loan portfolio. Essential Duties/Responsibilities: Loan Operation Management Oversees and manages loan administration/operations department of the bank (hiring, developing, coaching, reviewing, disciplining, scheduling, etc.) Ensures that the loan operations staff completes their assigned job duties with a high level of efficiency and accuracy Develops and maintains policies and comprehensive procedure manuals related to all aspects of loan operations in accordance with all regulatory requirements Develop and create reports as needed for research and analytical purposes Manages and oversees the preparation of financial documents such as business reports and financial calculations Monthly, quarterly, and annual Board of Director (BOD) reports – established list Quarterly Allowance for Credit Losses (ACL) & Current Expected Credit Losses (CECL) calculation and reporting package Quarterly FHLB Submission FHLB MVC Audit Annual Loan Policy Exception Tracking to BOD Audit in Loan Area Supplies pertinent information for all lending area regulatory examinations and audits Oversees the processes and follow-up related to all regulatory examinations, audits or loan reviews Prepares responses to audits, loan reviews and examination findings regarding loan operation or credit risk areas Credit Risk Management Oversees and manages credit analysis department of the bank (hiring, developing, coaching, reviewing, disciplining, scheduling, etc.) Provide overall leadership and risk assessment for loan related compliance issues Review all credit presentations to loan committee to ensure accuracy, completeness and independence Oversee and ensure efficient and accurate preparation of loan presentations, annual reviews and loan file documentation Develop, monitor & provide management reports related to bank’s loan portfolio Manage loan portfolio for appropriate mix, ensuring profitability without significant risk to the Bank Ensure protection of the Bank’s interests by ensuring adequate file documentation and adherence to Bank policy and to laws/regulations applicable to department operations Manage all aspects of the bank-wide credit policy, credit administration and loan review Monitor compliance with Loan Policy and appropriate regulations Communicate credit risk issues to the board and management Other Stay informed about and ensure compliance with relevant banking regulations and industry best practices Serves on the Credit Committee and Supervisor Committee Salary Range $100,000 - $130,000 Knowledge/Skill/Ability Requirements Bachelor’s degree in finance, business administration, or related industry experience (7+ years) Extensive experience in credit risk management, lending and banking operations Strong aptitude for problem solving Strong analytical skills Ability to interpret regulations and laws relating to Financials Ability to multi-task and organize priorities Level of computer literacy with knowledge of Word, Excel, and other applications Strong written and verbal communication skills Maintain confidentiality Maintain a high level of focus and accuracy Proven teamwork skills Ability to work well on your own without management guidance Ability to develop and interpret reports and inform management Maintain a focused, helpful, friendly and polite attitude Present a conservative, neat and professional appearance in dress and action Follow the First National Bank of Milaca Code of Ethics and other related policies and regulations and ethical standards at all times About Us First National Bank of Milaca is a community bank headquartered in Milaca, Minnesota, with $285 million in total assets. The Bank was founded in 1897 and today has five offices located in Milaca, the Milaca High School (Wolves Branch), Isle, Gilman, and Zimmerman, focused on serving retail customers and small businesses in the communities it serves. Milaca is located approximately 60 miles north of the Twin Cities in Mille Lacs County. Gilman is in Benton County, approximately 15 miles west of Milaca. Isle is located on the east side of Lake Mille Lacs, also in Mille Lacs County. The Zimmerman office is located about 25 miles south of Milaca and approximately 35 miles north of the Twin Cities in Sherburne County. The Bank has a strong history and tradition of service in the communities where it is located. The Bank has a passion for these communities and has earned a loyal customer following in well-established locations. First National Bank of Milaca’s business model is to offer a full range of personal and commercial banking services to its customers. The Bank is committed to continue the path of balanced growth and profitability. The Bank is owned by a bank holding company, Rum River Bancorporation, Inc. The stock of the holding company is closely held with a controlling interest held by four brothers, Eric, Andrew, Kirby, and Mathew Allen. How to Apply Mail resumes to: First National Bank of Milaca Attn: Sara Welch PO Box 38 Milaca, MN 56353 or email to: MBA Job number/Date Added H-7971: 3/21/25 #J-18808-Ljbffr