Description/Job Summary
The Vice President, Risk Assets maximizes returns and minimizes losses to the Association on existing high-risk loans while upholding our commitment to member service and regulatory compliance.
For more information regarding salary and benefits, please visit our website at https://fci.csod.com/ux/ats/careersite/4/home/requisition/31?c=fci
Responsibilities/Duties
- Develop strategies for delinquent accounts, including collateral analysis, negotiation for additional security, and recovery planning.
- Assess credit needs and compromises, including decisions on extending credit or settling debt.
- Monitor and analyze high-risk loans, update classifications, and recommend changes to interest accrual for delinquent accounts.
- Prepare detailed credit narratives highlighting financial trends, strengths, weaknesses, and compliance with lending standards.
- Perform credit and data analysis, ensuring accuracy of system data and financial statements; adjust for verified asset and debt values.
- Conduct risk assessments, assigning risk ratings and loss-given-default; determine or recommend credit approval/denial.
- Manage collections and recovery efforts, including negotiating alternative payment plans with borrowers and external parties (attorneys, accountants, lenders, Farm Service Agency).
- Engage professional and legal assistance for collection activities; select counsel and determine least-cost recovery strategies.
Required Skills
- Skill in negotiating complex agreements to achieve the best outcome for the organization
- Skill in utilizing a systematic approach to problem solving and loan collection
- Oral and written communication skills sufficient to discuss a variety of job-related topics, and to effectively communicate complex topics to a variety of audiences
- Working knowledge in credit analysis and legal/regulatory requirements
- Working knowledge of Excel, Word, PowerPoint, and Outlook sufficient to create, update and save a variety of documents
- General knowledge of production agriculture
- General knowledge of finance and macroeconomics
- Skill in differentiating significant and insignificant details
- Skill in utilizing technology to increase efficiency
Required Qualifications
Bachelor’s degree in finance, agriculture, business, or related field and 3-5 years of related experience in financial analysis, credit underwriting, portfolio management, or loan collection;
Or equivalent education, experience, and skillset sufficient to perform the essential functions of the job.
