Outside Director - Financial Expert

Compeer Financial is seeking qualified candidates to serve as an outside director on its board of directors. An outside director is a member of the board who is selected by standing board members and who is not already a director, officer, employee, agent or shareholder of any Farm Credit System institution.

Core Competencies: Each director must understand and fulfill the director role and expectations as outlined in the position description for the board of directors (document available); bring unique, value-adding capabilities to the board; actively contribute to the work; and demonstrate strategic leadership and business acumen that adds value to Compeer.

The following core competencies have been identified as essential for all directors: Strategic Leadership & Innovation, Stakeholder Focus & Enterprise Stewardship, Business Acumen, Governance & Accountability, Resilience Planning & Risk Oversight, and Learning Agility & Change Readiness (document available).

Preferred candidates will have the following qualifications:

Financial Expert – Qualified candidates must qualify as a “financial expert,” defined in the regulations of the Farm Credit Administration. Generally, this means qualified candidates will be independent of the external auditor and Compeer management and will demonstrate, through education or work experience:

• An understanding of generally accepted accounting principles and financial statements prepared in accordance with such principles;
• Experience preparing, auditing, or reviewing financial statements comparable to larger, professional service based organizations of similar size and complexity to Compeer;
• An understanding of the internal controls required for safe and sound financial reporting; and
• An understanding of audit committee functions.

In addition, the following attributes are preferred: experience with larger, more complex financial and business transactions; an understanding of various options and alternatives to approach a given situation; an ability to effectively analyze and assess the benefits and risks; and an understanding of the short- and long-term implications of such transactions.

Enterprise Risk Management – Experience with identifying, assessing, preparing for and mitigating financial, strategic and operational risks. Possesses the strategic, leadership and communications skills to articulate a risk philosophy and influence a variety of stakeholders of the changes necessary to position the organization for the future.

Conflicts of Interest:

Qualified candidates may not hold other personal or business positions and/or activities that would constitute a conflict of interest should they be selected as an outside director for Compeer. Conflicts may include:

• Serving as a director, officer, or employee of another financial institution which is authorized to provide the same type of loans and financially related services that may be obtained through Compeer;
• Selling any financially related service offered by Compeer; and
• Being a relative of the Compeer CEO or a Compeer officer; and
• The spouse of a director may not be employed by Compeer during the director’s tenure.

Time Requirements:

Participation in monthly board meetings, periodic committee meetings, and other Compeer and Farm Credit System meetings as requested. Total time commitment may be 40-45 days annually. Some travel required.

Timing and Term:

The position is open due to the upcoming retirement of an outside director. It is anticipated a four-year term for this position would begin October 2026 and continue through September 2030.

For Consideration:

Interested candidates should apply here. A letter of interest (cover letter) and professional resume should be submitted no later than May 15, 2026.