REPORTS TO: VP - ABF Underwriting
Position will function as a member of the AgriBusiness Finance (ABF) Underwriting Team providing credit support, monitoring and analysis of loans maintained within the ABF Dairy portfolio.
Perform financial analysis, underwriting and structuring recommendations for loans within the Association’s ABF portfolio. Analysis of customer requests will ensure that recommendations adhere with the Association’s credit standards and guidelines. Will maintain a strong understanding of the Association’s credit philosophy relative to a particular industry and serve as a champion to both internal and external audiences. Working as a member of the ABF Dairy Team, coordinate and prioritize workload to ensure customer requests are handled in a timely manner. Participate in a team environment to accomplish goals.
DUTIES AND RESPONSIBILITIES:
Essential functions of the position include, but are not limited to:
1. Conduct an advanced level of analysis of customer requests and associated financial position to ascertain creditworthiness, including reconciliation of financial statements and analysis of income, cash flow, and repayment ability. Accounts may include complex lending structures and multi-lender transactions. Document risk assessment and recommended course of action for presentation to Association Loan Committee.
Level 23/24: Responsible for underwriting and structuring of complex multi-lender transactions, originated or purchased within the ABF portfolio. Ensure adherence to lending standards and guidelines.
2. Coordinate the ongoing monitoring of individual loans within the ABF portfolio, ensuring that customer level loan performance and financial covenants are maintained. Initiate dialogue and action plans to resolve customer non-compliance in a timely manner.
3. In coordination with other members of the industry team, prioritize workload to ensure customer expectations are met.
Level 24: Assist in the coordination of workload including direct communication with customer and lending partners. May participate in direct discussions with lending partners to ensure a consistent approach to underwriting and structuring transactions.
4. Level 24: Responsible for maintaining relationships with participation partners or syndicated lenders. This includes ensuring effective communication with these parties on key credit and servicing issues.
5. Develop and maintain monitoring and reporting systems for large loans, individually or as a portfolio. Coordinate necessary reporting to leadership.
6. Research and compile information and materials in presentations, reports, or special projects (e.g., Industry due diligence reports and due diligence reports on guarantors and integrated companies).
7. May have some level of lending authority and participate in a decision making capacity on Loan Committee actions. Delegated authority will range from $1 to 5 million based on experience and ability.
8. Level 24: Responsible for mastering the details of a particular industry including serving as an internal resource for other ABF, Retail and Credit Underwriting team members. May serve in a consulting capacity with direct interaction with Retail customers.
9. Level 24: Will provide guidance and direction to less experienced members of the credit underwriting team. May serve in a back-up capacity as a member of the Association Loan Committee.
10. Performs other related duties as assigned.
Level 22: Bachelor’s degree or equivalent experience in business, finance, agricultural economics, or other related field. The ideal candidate will have a minimum of 3-5 years of credit experience in a commercial and/or ag lending industry. Will most often use judgment on credit facilities exceeding $5 million.
Level 23: Bachelor’s degree or equivalent experience in business, finance, agricultural economics, or other related field is preferred. The ideal candidate will have a minimum of 5-7 years of credit experience in a commercial and/or ag lending industry. Will use judgment in underwriting and recommending structure, terms and conditions on credit facilities exceeding $10 million.
Level 24: Bachelor’s degree or equivalent experience in business, finance or agricultural economics, with an emphasis on finance, accounting, or management. Master’s degree in Business Administration or equivalent, is preferred. The ideal candidate will have a minimum of 8-10 years of credit experience in a commercial and/or ag lending industry.
Duties for all levels require:
• Ability to analyze financial statements and to prepare additional analysis to explore credit worthiness of customer (e.g., competitive position in the industry, stability of cash flow, asset/receivable/payable turnover, etc.).
• Should be familiar with terms and conditions associated with multi-party lending relationships.
• Understanding and working knowledge of the credit extension and administration processes.
• Ability to appropriately handle highly confidential materials and reports.
• Ability to complete work with accuracy and attention to detail.
• Proficient in the use of computer generated reports and audited and compiled financial statements.
• A general understanding of production agriculture is beneficial, but not mandatory.
• Ability to obtain knowledge of Association credit policies, procedures, standards and guidelines.
• Ability to function independently with minimal supervision and direction.
• Limited overnight travel (10-30%).
• Competency in financial analysis, understanding the interrelationship of the balance sheet, income statement, and statement of cash flow.
• Ability to understand the dynamics of the business cycle of different agribusinesses.
• Ability to locate and interpret FCA regulations and district and Association policies, procedures, standards, and expectations.
• Ability to function in and promote a team atmosphere, while getting work done in an independent, self-motivated manner.
• Solid understanding of credit management techniques credit administration and loan servicing.
• Ability to convert analysis to a decision.
• Experience in use of computers and databases.
• Ability to study and retain information about agriculture industries.
• Ability to complete an in-depth analysis and monitoring of credits of varying complexity to accurately assess risk exposure. Ability to offer structuring alternatives to counterbalance risk identified. Should be familiar with terms and conditions associated with multi-party and complex lending relationships and structures.
• Will maintain a sound understanding of underwriting, analyzing and structuring complex lending relationships including the ability to appropriately structure requests to mitigate risks identified. Should be familiar with terms and conditions associated with multi-party and complex lending relationships.
Level 22: Contact and interaction is mainly within immediate team and ABF relationship managers, retail relationship officers, and other Credit Department staff, legal counsel and finance experts.
Levels 23 and 24: Frequent internal contact with ABF, retail relationship officers, credit services staff, other Credit Department staff, legal counsel, and finance experts. External contact may include CPAs, accountants, CFOs, customers and other lenders.
MENTAL AND PHYSICAL REQUIREMENTS:
• Ability to reason, judge, compare, calculate, evaluate and critique such information as written materials, numerical data, responses to customer needs and/or other work related activities.
• Ability to complete work in an acceptable timeframe and manage a variety of detailed tasks and responsibilities simultaneously and with accuracy to meet deadlines, goals, and objectives and satisfy internal and external customer needs related to the job.
• Ability to understand and explain various subject matter and consult on concepts, programs, terminology and methods typically associated with a commercial lending relationship.
• Ability to operate the telephone and respond to calls and in-person inquiries.
• Ability to move about the office with occasional reaching and bending.
• Ability to successfully interact with and represent the organization to staff, officers, board members, customers, industry specialists, and the public at all levels.
• Ability to use a keyboard/calculator/computer. This involves reading the screen and keying/typing information.
• Ability to use and understand various computer software related to carrying out essential responsibilities of the position.
• Ability to travel by auto or commercial transportation (up to 25-30% to carry out essential responsibilities).
• Ability to work effectively in a team environment and effectively demonstrate team building attitude and skills.
• Proficient in Windows environment using Microsoft Word, Excel, and Internet Explorer.
Requirements of the job include the ability to do the work, with or without reasonable accommodations. It is the Association's policy to make reasonable accommodations for individuals with disabilities. Leadership retains the right to add, subtract or change duties of the position at any time.
This document does not create an employment contract, implied or otherwise, other than "at will" employment relationship.
Farm Credit Services of America - 9 months ago
Farm Credit Services of America, based in Omaha, Nebraska, is dedicated to serving the agricultural credit, risk management and financial...