What are the responsibilities and job description for the Collateral Management Analyst position at Farm Credit Services of America?
AgCountry Farm Credit Services (AgCountry), Farm Credit Services of America (FCSAmerica) and Frontier Farm Credit are financial cooperatives that operate under shared management across eight states. While each association is owned by its local farmers and ranchers, they collaborate by pooling resources, expertise, and talent to provide affordable credit, crop insurance, and financial services.
Our associations are united by a common mission and commitment to serving rural America and supporting each other, which drives the success of the farmers, ranchers, and agribusiness we serve. We take pride in being a great place to work, and this enthusiasm is reflected in the relationships our team members foster with one another and with our customers.
Job Summary
We are seeking a Collateral Management Analyst who will provide leadership for the asset management review function for the company, including development and ongoing review of loan collateral and validation of borrowing base accounts associated with the asset management review function. You would be directly responsible for business validations, and monitoring activities for large and complex accounts exhibiting the greatest risk to the company, may assist in chattel valuations as well. You will prepare the collateral assessment report for presentation to the account team, bank group, and customer as appropriate.
Essential Duties & Responsibilities- Duties may include leading on-site assessment teams and directing additional resources such as Association Credit Analysts, Appraisers, and Financial Officers in completion of the audit, or utilizing an external accounting firm in special situations.
- Responsible for mastering the details of a specific industry or industries eligible for direct financing or participation with other lenders. May participate on a sales call, or in an industry event to promote the Associations’ image as an industry expert.
- Prepare collateral audit reports that will emphasize validation of customer collateral values/reporting systems, identification of areas of risk identified, and recommendations for correction or improvement.
- Research and prepare due diligence analysis of external accounting firms, bonding companies, and insurance carriers in special lending circumstances.
- Percentage of time required to travel during the day - 50%
- Percentage of time required to travel overnight - 30%
- Bachelors Degree Preferred in Finance or Accounting Graduate Degree Minimum in Finance or Accounting
- 6 years of experience in accounting, to include work in the preparation of financial statements of small and or medium-sized businesses. Emphasis on agricultural producers, agricultural processors, or other high inventory turnover businesses is a plus. Candidate should have extensive experience in cost and market-based inventory valuation methods
About Us:
AgCountry has 45 offices, is based in Fargo, North Dakota and serves portions of North Dakota, Minnesota, and Wisconsin, FCSAmerica is based in Omaha, NE and has 42 local offices serving rural communities and agriculture in Iowa, Nebraska, South Dakota, and Wyoming. Frontier Farm Credit has six offices serving eastern Kansas. Together, we support nearly 82,000 producers and agribusinesses, meeting the needs of today’s agricultural industry with our combined 2600 employees providing lending, risk management, technology, commodity marketing, and customer and employee education.
AgCountry Farm Credit Services, ACA, Farm Credit Services of America, ACA, and Frontier Farm Credit, ACA are Equal Employment Opportunity employers, and they comply with all applicable federal, state, and local fair employment practices laws.
