Diversified Assets Manager (Agriculture)
Position Summary:
The Diversified Assets Manager is responsible for managing and optimizing the credit union's portfolio of substandard commercial loans and participations. This role involves analyzing and assessing the performance of diverse asset classes, developing strategic initiatives to mitigate losses, enhance revenue, and ensure compliance with regulatory requirements. The Manager will work directly with members of Senior and Executive Management and requires considerable independent judgment and initiative.
Essential Functions:
Collaborate with the senior leadership team to develop and execute financial strategies aligned with the company's short-term and long-term goals, contributing to overall growth and profitability.
Lead the financial planning & analysis, including budgeting, forecasting, and financial modeling to support decision-making processes and resource allocation.
To work with the CEO to manage fundraising activities, including securing investment, debt financing, and capital structuring to support the company's growth plans.
Oversee financial reporting processes, ensuring accuracy, transparency, and compliance with regulatory requirements and accounting standards.
Job Duties:
Loan Management: Review, analyze, and manage non-performing loans and other high-risk assets.
Negotiation: Negotiate restructuring and repayment plans with borrowers.
Communication: Providing regular updates to USDA, SBA, and the Board of Directors.
Policy Development: Develop and implement loan collection policies and procedures.
Monitoring: Continuously monitor the performance of the special assets portfolio.
Reporting: Prepare detailed reports on the status and performance of special assets.
Compliance: Ensure all activities comply with the bank's policies and relevant regulations.
Collaboration: Work closely with other departments, such as legal, credit, and guarantying entity to resolve issues related to special assets.
Perform all other duties as assigned.
Minimum Qualifications (Knowledge, Skills and Abilities):
Bachelors degree required in finance, accounting, economics, or related field
Minimum 3-5 years of experience in loan management, credit analysis as well as guaranteed lending workouts
Financial Acumen
Strong communication and negotiating skills
Strong analytical skills
Attention to details
In-depth knowledge of state and federal finance laws and bank policies
Physical Demands and Work Environment:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.
While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or finger, handle, or feel objects, tools, or controls. The employee is occasionally required to stand; walk; sit; reach with hands and arms; climb or balance; and stoop, kneel, crouch, or crawl.
The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus. The noise level in the work environment is usually moderate. Work environments are climate controlled, dressing in layers is recommended.
