Take the next step in your career and act on this opportunity to join the quality team of a major agricultural lending institution! FCS Financial, part of the Farm Credit System, is looking to hire an individual with the ability to have a proactive approach and to create positive and effective solutions. This Vice President, Risk Assets position develops and implements financial restructuring and/or loan workout strategies to resolve complex, high impact problem accounts in a manner that maximizes return on assets while complying with regulatory requirements. This position requires experience in Risk Mitigation, Risk Assessment and Acquired Properties.
Potential office location include the following locations: Columbia, Harrisonville, Higginsville, Lebanon, Marshall, O'Fallon, and St. Joseph, Missouri. Other office locations will be considered based on the candidates experience and knowledge.
This posting closes on Wednesday, February 26, 2020.
Department: Risk Management
Reports To: Vice President, Risk Management
FLSA Status: Exempt
- Determines the problem loan strategy that results in the greatest benefit and least cost to the association
- Completes and approves or denies least cost analysis of borrower’s application for restructuring
- Negotiates loan workout/restructuring terms with customers
- Mentors and collaborates with Risk Asset Managers and Association staff on risk identification and mitigation strategies
- Collaborates with lead lenders on adversely classified participation accounts to protect interests of Association.
- Determines proper accounting for loan modifications
- Determines loan asset values, specific allowances, charge-offs, and accrual status
- Works with legal counsel on legal actions to be taken on accounts, including foreclosures, bankruptcies, lender liability exposures and probate cases.
- Monitors loans for receipt of timely payments
- Monitors loans for compliance of terms and conditions
- Completes Customer Service Plans on adverse accounts that document the risk assessment
- Conducts complete case reviews to assess risk factors, identify additional information/document requirements, and identify risk reduction strategies
- Determines loan classification – Probability of Default (PD), Loss Given Default (LGD) and accrual/non-accrual status
- Consults with legal counsel to address legal issues associated with high risk accounts
- Determines net recovery value of collateral and/or other sources of recovery
- Inspects and assesses collateral values, lien positions, and calculates probable net recovery values and loan asset values
- Determines risk reduction actions that need to be implemented to avoid loss to association
- Evaluates property for repairs and maintenance and schedules maintenance
- Reviews appraisals and determines value, listing price, and final sale price
- Coordinates sale of property with local realtors and auctioneers
- Closes sale of acquired property
- Performs acquired property inspections
Other duties as assigned to meet the needs of the organization.
Scope of Responsibilities:
High Risk Asset portfolio
- Bachelor’s degree in Business, Finance, Ag Economics or a related field
- 10 years of related experience
- Or an equivalent combination of education and experience sufficient to perform the essential functions of the job
Required Knowledge and Skills
- Skill in using Microsoft technologies including e-mail, word and spreadsheet processing
- Expertise in credit analysis and regulatory requirements with respect to borrower’s rights
- Expertise on association policies related to problem loans
- Skill in negotiating complex solutions
- Working knowledge of banking, credit, bankruptcy, and collection laws
- 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
- Responsible to appropriately protect the confidentiality, security, and integrity of the Association’s systems and data and clients’ data
We are an Equal Employment/Affirmative Action employer. We do not discriminate in hiring on the basis of sex, gender identity, sexual orientation, race, color, religious creed, national origin, physical or mental disability, protected Veteran status, or any other characteristic protected by federal, state, or local law.
If you need a reasonable accommodation for any part of the employment process, please contact us by email at Human.Resources@myfcsfinancial.com and let us know the nature of your request and your contact information. Requests for accommodation will be considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodation will be responded to from this e-mail address.
For more information about our commitment to equal employment opportunity, please click here.