Why should you join our team?
American AgCredit offers a unique opportunity to be a part of a national
financial system supporting those who feed, clothe and fuel the world. We
are a growing organization embracing collaboration and innovation while
delivering transformative solutions. American AgCredit provides a cultivating
environment where you truly make a difference for our customers and teams.
Benefits offered by American AgCredit:
Commitment to agriculture and the communities we serve
Family friendly work environment
Investment in employee development
Medical, Dental and Vision coverage
Outstanding 401k - automatic 3% employer contribution, plus match up to 6%
Generous Paid Time Off (Vacation accrued at 21 days annually, Sick Days
accrued at 15 days annually, 12 paid holidays, plus 16 hours of volunteer
time)
Competitive Incentive Compensation Plan
Disability & Life Insurance
Employee mental, physical, and financial wellness programs
The position is bonus eligible based on association and personal performance
Position will be posted until filled.
BASIC FUNCTION:
This role is generally responsible for analyzing and evaluating credits for
developing credit packages in conjunction with the Head of Credit Resolution.
The Credit Resolution Relationship Manager will gather information necessary
to make appropriate credit decisions, analyze credit and restructuring
requests from start to finish, and obtain information from customers and
third parties as necessary. Will serve as the main point of contact for
resolving distressed credits. This position will compile the loan package,
and with the Director of Credit Resolution make recommendations on loan and
restructuring requests based on Association Underwriting Standards. Will
complete analysis on various servicing actions on existing customers, such
as restructures, extensions, forbearances, releases, assumptions,
conversions, and charge offs . Responsible for management of existing
designated loan portfolio as well as any new accounts transferred to the
Credit Resolution Group. Provides training to credit staff and may serve as a
member of or participate in loan committee meetings.
ESSENTIAL DUTIES:
Portfolio Management
Along with the Head of Credit Resolution, serves as the point of contact for
all distressed loans.
Works with Underwriting to develop credit packages and loan servicing actions.
Gathers information necessary to make appropriate credit decisions. Reviews
and analyzes credit packages in conjunction with AAC Loan Underwriting
Standards. Requests and reviews appraisal/field reports, obtain third
party verifications, obtain credit reports, and request lien searches as
necessary.
Develops credit packages and loan servicing actions.
Gathers information necessary to make appropriate credit decisions. Reviews
and analyzes credit information presented; determines the need for more
thorough investigation or additional information.
Requests appraisal/field reports, obtain third party verifications,
obtain credit reports, and request lien searches as necessary.
Completes loan analysis, including financial statements, cash flows,
loan analysis forms, trend sheets, writing narratives, preparing
facts, and offering opinions concerning credit worthiness, risks and
mitigants, and other forms as required. Formulates projections using
historical financial data, current budgets and other information.
Makes approval recommendations on loan actions based on Association Loan
Underwriting Standards while complying Borrowers Rights Regulations.
Participates in loan committee meetings as may be required.
Process foreclosures, bankruptcy and other litigation issues with customers.
Manages acquired properties.
Prepares quarterly Loan Servicing Reports, High Attention Credit Reports as
well as other CRG Reports as required to monitor the portfolio. Monitors,
coordinates and maintains loan servicing information. Maintains and completes
loan monitoring. Maintains current interest rate analysis, recommends
follow-up actions when necessary. Monitor loan process. Provide backup to loan
officers on customer service issues and responds independently to requests for
information and assistance.
Acts as second line of defense in monitoring the Association's potentially
distressed loans. Monitors the Distressed Loan Notices sent and assists
lenders and underwriters as necessary to reach credit resolution. Follows-up
on actions arising from the Portfolio Watch and other watch list meetings.
Determines and reviews legal documentation. Coordinates with all credit and
approval departments as well as with attorney's and title companies on loan
closings.
Assists with developing training to the Association staff on distressed loan
management processes. Assist with branch staff in discussions about
restructure and liquidation issues.
Assist with any special projects where a Credit Resolution employee is needed.
Travel is required.