What are the responsibilities and job description for the Lending Associate position at Oklahoma AgCredit?
Lending Associate
Location: Chickasha, Oklahoma
Hours: M – F (8am to 4:30pm)
Position Summary: The Lending Associate is a developmental position designed to prepare future Agricultural Lenders through hands-on experience in credit analysis, loan servicing, customer support, and agricultural lending. The position supports lenders and customers throughout the assigned region while developing the credit, servicing, relationship management, and business development skills necessary for a successful lending career.
Position Responsibilities:
Credit Analysis and Underwriting Support
- Performs credit analysis and underwriting support activities while progressively developing the knowledge and skills necessary to evaluate increasingly complex agricultural lending relationships.
- Analyzes financial statements, tax returns, balance sheets, cash flow projections, and other financial information.
- Assists Agricultural Lenders and Credit Team Members in the preparation of credit requests, recommendations, and supporting documentation.
- Develops knowledge of loan structuring, collateral evaluation, risk assessment, and Oklahoma AgCredit's credit philosophy.
- Assists with servicing actions including Additional Advances, Annual Loan Reviews, Renewals, Extensions, Conversions, Assumptions, Partial Releases, and Collateral Substitutions.
- Assists in the preparation, analysis, monitoring, and updating of Loan Position Reports (LPRs) and Borrowing Bases.
- Assists with preparation and updating of Personal Property Valuations (PPVs).
- Gathers and updates borrower financial information.
- Assists with covenant monitoring and documentation requirements.
- Coordinates servicing requests with Agricultural Lenders, Lending Specialists, Credit Team Members, and customers.
- Maintains accurate loan documentation and customer records.
- Participates in customer visits, farm calls, and business development activities with Agricultural Lenders.
- Assists with maintaining and strengthening customer relationships.
- Develops knowledge of Oklahoma AgCredit products and services
- Participates in agricultural, community, customer, and industry events.
- Develops an understanding of production agriculture and regional agricultural markets.
- Participates in Oklahoma AgCredit's Lending Associate Development Program.
- Receives mentoring and coaching from experienced Agricultural Lenders.
- Develops leadership, communication, analytical, and problem-solving skills.
- Completes internal and external training programs.
- Develops knowledge of Oklahoma AgCredit systems, policies, procedures, and operational requirements.
- Attends internal and external training programs and conferences.
- Reviews credit-related policies and procedures in PolicyTech.
- Completes required regulatory, compliance, and organizational training requirements.
- Pursues professional development opportunities related to agricultural lending and finance.
- Bachelor's degree in Agricultural Business, Agricultural Economics, Agribusiness, Finance, Accounting, Business Administration, Agricultural Education, or experience equivalent to perform the essential functions of the position.
- Or an equivalent combination of education and experience sufficient to perform the essential functions of the job.
- Knowledge of Word/Excel/PowerPoint/Outlook sufficient to create, update and save a variety of documents
- General knowledge and understanding of agriculture industry
- General knowledge of agricultural economics and agricultural business operations
- General knowledge of accounting and finance principles
- Skill in analyzing information to formulate logical and objective conclusions
- Skill in reading and understanding income statements, balance sheets, and other financial reports
- Skill in utilizing a systematic approach to problem solving
- Skill in gathering, compiling and organizing information
- Skill in interacting and working effectively with others
- Skill in proofreading and editing documents
- Oral and written communication skills, sufficient to exchange information effectively with peers, supervisor and customers
- Competitive base pay with an incentive plan
- 401(k) Contribution 3%, Match 6%
- Paid Vacation (15 days), Sick Leave (15 days) and Holidays (12 days)
- Excellent medical, Dental, Vision, Life Insurance
- Flexible Spending and Health Savings Accounts
- Wellness program activities and rewards
- Customer-Centric Environment
- Opportunity to Give Back to Agriculture
Important note: We care about your hiring process and take it seriously. A real person will review your application, meaning response timelines may vary. The interviewing process at Oklahoma AgCredit may include emails, texts, phone calls, and on-site interviews. We cannot personally follow-up with each applicant, and we will do our best to create a professional, respectful, and thorough process for candidates with whom we identify as a potential fit.