Farm Credit Services of America
Location
Omaha, NE | United States
Job description
Job Summary
***Position is eligible to work in the Omaha office or any of our retail offices. Occasional travel to the Omaha office will be required***
FCSAmerica (FCSAmerica) is a great place to work. You see it in our people and the relationships they have with each other and our customers. Our passion and commitment to serving both rural America and each other is key to our success in the marketplace.
Farm Credit Services of America is seeking a VP Credit & Resolutions to lead our Resolutions Team in managing high-risk loan portfolios with emphasis on the reduction of non-earning assets or those in litigation Provide counseling to Credit Teams, Credit Analysts, Corporate & Commercial Teams, AgDirect and Retail Financial Officers on loan structure, terms and conditions, pricing and documentation for loans with significant credit weakness or high risk.
Essential Duties & Responsibilities
Credit Resolution
- Lead the Special Accounts team in managing high-risk loan portfolios including participant and syndicate lenders and large commercial agribusinesses. Team will work through the correction processes, including bankruptcy and litigation, restructuring, borrower counseling and/or collection, liquidation and asset recovery with emphasis on the reduction of high risk and/or non-earning assets in accordance with Association policies and procedures resulting in the greatest net return/best business decision.
- Manage internal and external legal counsel relationships and resources utilized in settlement of loans in bankruptcy or litigation to minimize liability as a participant, agent or direct lender in transactions.
- Ensure compliance with settlement laws and procedures, including Farm Credit System borrower rights and regulations.
- Achieve satisfactory Association credit administration and credit quality goals for assigned portfolio
Reporting
- Develop, maintain, monitor and report on assigned portfolio, including credit classification changes and accrual/stop accrual analysis
- Analyze reports monitoring team performance, including designing advanced efficiency and collection cost reporting for large commercial loans, producer portfolios, and term loan portfolios. Monitor loan performance on assigned portfolio. Provide timely, efficient service to all internal and external customers. Proactively communicate status and issues internally. Reporting also includes development and maintenance of detailed forecasting and business plan development and monitoring for the high risk assets portfolios and team.
- Establish reserves for loan losses in the assigned portfolio
Leadership
- Provide team leadership, shared vision, and positive communications to achieve the Associations’ vision and strategy consistent with the Associations’ core values and team principles. Build strong relationships and collaborative partnerships within the Associations to understand the business opportunities and challenges.
- Establish a positive, participative, and collaborative team environment that inspires creative, high-performing, continuous learning, and engaged team members.
- Responsible for attracting, selecting, and on-boarding a diverse and qualified team and determining the appropriate team resource requirements to meet the Associations’ strategic direction.
- Develop team members through coaching, training and development, opportunities, and on-going performance feedback including timely follow-up on individual development plans; counsel team members on Talent Management activities.
- Complete and/or recommend salary administration for team members in accordance with Association procedures.
- Develop and monitor the business plan and annual operating budgets related to areas of responsibilities. Review and approve operational expenditures within delegated authority.
Travel Time
- Percentage of time required to travel during the day or overnight - 30%
Education Requirements
- Bachelor’s Degree in Business, Finance, and/or Economics preferred.
Years of Experience
10+ years’ experience in lending/credit analysis with Farm Credit Services or a related agricultural credit organization.
5+ years' collection and litigation experience specific to agricultural or commercial accounts.
Previous leadership experience preferred.
About Us:
FCSAmerica and Frontier Farm Credit are jointly managed financial cooperatives but are separately owned by their farmer and rancher customers. Our customer-owners are directly served by their local financial and crop insurance team.
FCSAmerica supports rural communities and agriculture in Iowa, Nebraska, South Dakota and Wyoming. Frontier Farm Credit supports eastern Kansas. Together, we provide credit, crop insurance and other financial services to more than 60,000 agricultural producers and agribusinesses.
It takes a lot of expertise to meet the needs of today’s agricultural industry, and our combined 1,900 employees provide that in areas of lending, risk management, technology, marketing, customer and employee education.
We have job opportunities in Omaha, Nebraska, where FCSAmerica is headquartered, and 48 local offices across five states.
We take pride in serving every aspect of agriculture, from the young and beginning producer to some of the nation’s largest and most complex agribusinesses.
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