WHO WE ARE - For over 100 years, Farm Credit has serviced the credit needs of agriculture, agricultural producers and rural communities. As a part of this thriving financial organization, AgCarolina Farm Credit has served its communities and 3,700 members across eastern North Carolina. We are proud of our community-oriented organization, dedicated to providing superior customer service to our members and a great work environment for our employees.
With administrative offices in Raleigh and Greenville, NC, our team of 125 dedicated staff serves 34 counties in eastern North Carolina through 12 branch locations. Our cooperative manages over $1.6 billion in assets, leases and related services to farmers, ranchers, rural homeowners, agribusinesses, and agricultural and rural utility cooperatives.
The board of directors at AgCarolina Farm Credit is currently seeking the CEO to lead this exciting, growing cooperative into the future.
POSITION PURPOSE - In collaboration with the Board of Directors, the CEO is responsible for the overall operation of the Association with the objective of providing value-added financial services to member/owners on a profitable, competitive and financially sound basis. She / he will also represent the association to the community, financial community, and association membership. The CEO will develop supervisory controls and present reports to the association board and provide executive leadership and direction to the operating units consistent with safe and sound business practices; local board policies; compliant with the financing agreement with the funding bank (AgFirst Farm Credit Bank); FCA regulations; and federal, state and local laws. The CEO will foster a culture that promotes ethical practices, encourage individual integrity and fulfill its social responsibly.
Provides leadership in the management of Association. Assures that the customers of the Association are effectively served. Plans, leads, organizes, and controls the marketing, credit delivery, and financial management of the Association. Responsible for the efficient and economical operation of the Association.
KEY DUTIES & ACCOUNTABILITIES
20% - New Business/Customer Service -- Lead and direct the Association's new business development efforts. Assure the prompt delivery of service to meet customer needs.
20% - Financial Performance -- Maximize Association profitability. Maintain an efficient and cost-effective Association in accordance with business plans and budgets. Assures the maintenance of accurate records for Association transactions in accordance with prescribed accounting principles.
20% - Credit Management -- Administers the credit and appraisal functions resulting in sound management of the portfolio.
20% - Human Resources Management -- Assure a well-trained, motivated, and appropriately compensated staff, capable of meeting the challenges facing the Association. Develop an entrepreneurial spirit throughout the Association, which involves innovation, creativity, vision, and productivity.
20% - Leadership and Control - Effectively manage and control the Association. Keep the Board appropriately informed of issues of importance to the Association. This includes providing alternatives and recommendations on key issues.
- With the board, collaboratively establish business direction that supports association strategy, operating and budget plans, strategies and action plans to lead AgCarolina Farm Credit into the future.
- In collaboration with the senior leadership team, manage all aspects of the credit function, assuring sound credit philosophy and policy & procedure.
- Manage the financial results of the organization, assuring a robust business plan that delivers the greatest shareholder value, in coordination with our cooperative principles.
- Provide advice and counsel to the board and is directly accountable for executing the board’s policy direction.
- Continue to build on the strong cultural foundation and actively manage the cultural health and development needed for future success of the association.
- Provide overall leadership and direction to the association's marketing and business development, customer service, lending, financial and accounting and internal control operations.
- Engaging communication, ensuring that association values and objectives are effectively communicated to all stakeholders (all levels of employees, customers, the board, Farm Credit Administration, funding bank and communities, etc.)
- Facilitate management development and succession, proactively making necessary adjustments to maintain effective and efficient operation.
- Determine the overall organizational structure, credit delivery systems and staffing, ensuring the association hires, develops and motivates a highly competent and professional staff.
- With full direct lender authorities and accountabilities, proactively manage the association's controls and financial and operating results (i.e., capital requirements, asset quality requirements, management and staff effectiveness, earnings requirements and liquidity requirements).
- Direct the development and implementation of necessary local operating policies, procedures and programs and management systems, controls and standards to effectively carry out the association's objectives.
- Ensure the adequacy and soundness of the association's financial structure, including risk management, competitiveness of its products and services and responsiveness to its customers' needs.
- Ensure compliance with all regulatory statutes, including, but not limited to Sarbanes-Oxley, security and acceptable use policies as documented in the Information Systems Security Policy and the Information Systems – Rules of Conduct, etc.
- Protect association Information Systems and the Information Assets contained in those systems including customer information and association financial information from unauthorized access.
- Assure the protection of association’s physical assets including buildings, documents, and equipment from unauthorized access or harm.
- Assuring the board actively engages in director development and Farm Credit System-wide training.
- Other duties as required.
- Strong commitment and adherence to personal values that align with the AgCarolina Credit culture and code of ethics.
- 8+ years of successful experience in senior leadership, preferably in a financial institution of similar asset size and complexity.
- Demonstrated knowledge of the agricultural markets and agricultural lending critically important.
- Advanced knowledge and demonstrated experience in ag-lending, policy, scope and eligibility requirements, including Farm Credit System experience, strongly preferred.
- Exceptional communication skills.
- Superior leadership, team building and talent development skills.
- Strong analysis, judgment and strategic thinking.
- Bachelor's degree in Business Administration, Finance, Agricultural Economics or related field. Advanced education preferred or certificate from a graduate School of Banking preferred.
- Thorough understanding of the laws and regulations governing financial institutions.
NOTE ON THE SELECTION PROCESS
The Board of Directors for AgCarolina Farm Credit has partnered with FCCS to manage the CEO selection process. Leading the process is Jay Lux, Vice President of Organizational Development at FCCS.
FINAL DATE FOR APPLICATION: October 26, 2021
Interested candidates should email a cover letter and resume to firstname.lastname@example.org.
If you have any questions, please contact Jay Lux, FCC Services, at 651.982.4568 or email@example.com.
AgCarolina Farm Credit is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.