Collateral Auditor II

Capital Farm Credit is the largest rural lending cooperative in Texas, providing credit and other related services to farmers, ranchers, rural home owners, and agribusinesses with over $11 billion in total assets and over 600 team members. We serve 192 counties in Texas with nearly 70 credit offices and are a proud member of the nationwide Farm Credit System.

We seek highly motivated and engaged people who foster the core values behind who we are, how we work and how we treat others – with commitment, trust and value and family-like respect and appreciation. Capital Farm Credit works diligently to ensure we provide our full-time employees with a market-based compensation program including competitive salary, employee benefits, participation in an attractive goals-based incentive program, and development opportunities. As a customer-owned cooperative, our compensation and benefit programs are designed to align the success of our members with the employee’s success.

Our comprehensive benefit program includes, but is not limited to:

• An outstanding company-wide incentive program
• Accommodating and flexible vacation and sick leave
• 10-12 paid holidays
• 401(k) plan with up to a 9% employer contribution/match
• Affordable health, dental, and vision plans
• 8 weeks of paid parental leave
• Employer paid life insurance and disability
• Tuition reimbursement
• Up to $400/year wellness reimbursement

LOCATION:

• This position may be located in Bryan, Round Rock, or Amarillo.

EDUCATION REQUIREMENT:

JOB REQUIREMENTS:

• Five (5) to seven (7) years of experience in audit and risk management, as it relates to collateral and working capital type assets.
• An advanced understanding of agriculture/agribusiness as a business/industry, asset lending, loan structuring, credit arrangements, collateral audits, and general banking products/services.
• Complex knowledge of loan workouts including bankruptcy, troubled debt restructurings, and borrowers and creditors’ rights.
• Advanced knowledge of accounting/bookkeeping, banking regulations, operations, and credit practices.
• Complex understanding of financial analysis of commercial/corporate and production agricultural credits.
• Experience with Farm Credit System and rolling stock equipment valuations are a plus.
• Knowledge of credit.
• Knowledge/familiarity with accounting.
• Ability to evaluate livestock/equipment, in some cases.

FUNCTIONS:

• Prepares reports summarizing findings, including borrowing base reporting exceptions and suggestions for correction and/or improved interpretation and reporting.
• Interacts regularly with the Association’s customers, to constructively support their understanding of borrowing base report preparation to ensure its accuracy.
• Implements a credible collateral audit approach that is unique to each customer yet encompasses the critical dimensions of auditing a borrower’s working capital-based loan transactions.
• Coordinates collateral audits scheduling, which will include establishing a tickler system for timely alerts to Association staff on when a collateral audit is due.
• Makes recommendations regarding individual transactions or loans for improvements of credit function, including new technology, resources, etc. needed to perform at a high level.
• Provides, follows up, and conveys verbal instructions. Provides and receives feedback in an appropriate and respectful business manner.
• Adept in conflict management, adaptability, problem-solving, multi-tasking, influencing others, creativity, and being a self-starter.
• Assists other Association personnel in completing coordinated projects as assigned.
• Involved in the preparation of industry/sector analysis as directed by the collateral audit manager.
• Conducts/participates in collateral audits for multi-bank loan syndications or participations.
• Develops memos and related presentations to loan committee and senior management.
• Ensures areas of involvement comply with applicable laws, Farm Credit regulations and Association policies.
• Assist Relationship Managers and Credit Analysts with the managing/monitoring of existing or new loan through providing input on credit structure, terms, conditions, etc. as directed by the Department Manager.

OTHER DUTIES:

• Utilizes multiple insurance company and government websites to obtain general information and to monitor progress regarding specific policies.
• Participates in collaborative decision-making as well as make independent decision regarding implementation of insurance rules and development of internal processes.
• Assists in providing training support as needed.

PREFERRED SKILLS:

• Excellent interpersonal relations, administrative, research (including Internet) and communication skills are required.
• Strong analytical skills to maintain sound collateral audit standards, assessing a borrower’s risk management program (including, but not limited to things like hedging, insurance coverage, and operating practices) and evaluate and structure loan proposals.
• Must have some knowledge of business and legal practices in mortgage and commercial/operating lending, including credit standards, and real estate and equipment appraisal requirements.
• Must be proficient with Microsoft Office software.
• Ability to effectively coordinate input from many sources to complete an assignment.

At the discretion of CFC, position may be offered at alternate titles and other business experience may be considered relevant.

AA/EOE/M/F/D/V; Full description available on request.