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American AgCredit · 1 day ago

Special Assets Relationship Manager

United States

Full-time

Onsite

Senior Level

$103K/yr - $175K/yr

6+ years exp

American AgCredit offers a unique opportunity to be a part of a national financial system supporting those who feed, clothe and fuel the world. The Special Assets Relationship Manager is responsible for analyzing and evaluating credits, developing credit packages, and managing a designated loan portfolio while serving as the main point of contact for resolving distressed credits.

AgricultureFinancial Services

Comp. & Benefits

No H1B

Responsibilities

Along with the Head of Credit Resolution, serves as the point of contact for all distressed loans

Works with Underwriting to develop credit packages and loan servicing actions. Gathers information necessary to make appropriate credit decisions. Reviews and analyzes credit packages in conjunction with AAC Loan Underwriting Standards. Requests and reviews appraisal/field reports, obtain third party verifications, obtain credit reports, and request lien searches as necessary

Develops credit packages and loan servicing actions

Gathers information necessary to make appropriate credit decisions. Reviews and analyzes credit information presented; determines the need for more thorough investigation or additional information

Requests appraisal/field reports, obtain third party verifications, obtain credit reports, and request lien searches as necessary

Completes loan analysis, including financial statements, cash flows, loan analysis forms, trend sheets, writing narratives, preparing facts, and offering opinions concerning credit worthiness, risks and mitigants, and other forms as required. Formulates projections using historical financial data, current budgets and other information

Makes approval recommendations on loan actions based on Association Loan Underwriting Standards while complying Borrowers Rights Regulations. Participates in loan committee meetings as may be required

Process foreclosures, bankruptcy and other litigation issues with customers. Manages acquired properties

Prepares quarterly Loan Servicing Reports, High Attention Credit Reports as well as other CRG Reports as required to monitor the portfolio. Monitors, coordinates and maintains loan servicing information. Maintains and completes loan monitoring. Maintains current interest rate analysis, recommends follow-up actions when necessary. Monitor loan process. Provide backup to loan officers on customer service issues and responds independently to requests for information and assistance

Acts as second line of defense in monitoring the Association’s potentially distressed loans. Monitors the Distressed Loan Notices sent and assists lenders and underwriters as necessary to reach credit resolution. Follows-up on actions arising from the Portfolio Watch and other watch list meetings

Determines and reviews legal documentation. Coordinates with all credit and approval departments as well as with attorney’s and title companies on loan closings

Assists with developing training to the Association staff on distressed loan management processes. Assist with branch staff in discussions about restructure and liquidation issues

Assist with any special projects where a Credit Resolution employee is needed. Travel is required

Perform other duties assigned

Responsible for larger and more complex credits including Commercial and Agribusiness channels

Maintains relationships with participants and other syndicated members as required

Provides mentorship for the National Guard

Develops, manages and delivers specialized technical training and guidance to Association staff. Provides leadership to staff at multiple locations across the Association while coordinating with CRG Leadership

Provides mentorship and onboarding of Credit Resolution staff including consultation, review and approvals of credit actions for their peers within their delegated lending authority

Qualification

Credit analysisAgricultural lendingPortfolio managementFCA regulationsLoan underwritingTechnical trainingPC proficiencyWritten communicationVerbal communicationInterpersonal skillsOrganizational skillsMentorshipTeam collaboration

Required

BA/BS degree with emphasis on agribusiness, business administration, or equivalent

Eight or more years of progressively responsible banking or related agricultural lending experience

Strong credit and analytical skills

Demonstrated understanding of agricultural lending principles and practices, and association and Farm Credit System operating policies and procedures

Knowledge of FCA regulations, association, and district policies and procedures

Demonstrated proficiency in organizing and prioritizing work to meet deadlines

Strong written and verbal communication skills

Strong persuasive and interpersonal skills

Proficient in use of PC, including word-processing, e-mail and electronic spreadsheet software

Six or more years of progressively responsible Special Assets experience

Benefits

Commitment to agriculture and the communities we serve

Family friendly work environment

Investment in employee development

Medical, Dental and Vision coverage

Outstanding 401k – automatic 3% employer contribution, plus match up to 6%

Generous Paid Time Off (Vacation accrued at 21 days annually, Sick Days accrued at 15 days annually, 12 paid holidays, plus 16 hours of volunteer time)

Competitive Incentive Compensation Plan

Disability & Life Insurance

Employee mental, physical, and financial wellness programs

The position is bonus eligible based on association and personal performance