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AgTexas Farm Credit Servicesposted about 2 months ago
Mid Level
Lubbock, TX
Credit Intermediation and Related Activities
Resume Match Score

About the position

The Commercial Credit Officer II position is located in any AgTexas office with a salary that is negotiable, depending upon experience. This position performs analysis and servicing of the Association's purchased and originated commercial loans. Evaluates and services loans of moderate complexity and risk. Develops and manages loan portfolios that include purchased participations and loans originated in the trade area served by the Association. AgTexas, at its sole discretion, may offer this position with a different title based upon the qualifications of the candidate.

Responsibilities

  • Develops and manages loan portfolios including loan originations in the trade area served by the association.
  • Works with complex loans and loan participation packages.
  • Provides analysis, servicing and reporting of the associations mortgage and commercial loans.
  • Analyzes financial information including balance sheets, income statements and cash flows of potential borrowers to ascertain credit worthiness.
  • Determines Probability of Default (PD) ratings as appropriate and makes recommendations for approval or denial of loans.
  • Interprets, communicates, and provides guidance regarding association lending policies and procedures.
  • Reviews and approves loans submitted by other lending staff that exceed their delegated authority.
  • Ensures that all assigned loans are properly risk rated, assigned loss given defaults are correct and performance status assignments are proper.
  • Complies with proper credit administration practices as outlined in the association's policies and procedures.
  • Assists senior-level credit officers with complex loan applications as necessary.
  • Assists prospective and current borrowers with their credit needs and with formulating solutions to credit related issues.
  • Makes and services loans and leases within delegated authority and in accordance with association policies.
  • Makes and/or conveys decisions on loan approval, structure, and pricing.
  • Responsible for exercising credit risk management responsibilities on loans within area of responsibility.
  • Conducts complex credit analyses.
  • Maintains current, adequate, and verified financial information on borrowers and guarantors as required by association policy.
  • Performs loan servicing tasks, which may include partial releases, subordinations to mineral leases and right of ways, division orders, amortizations, assumptions, severance agreements, and insurance claims.
  • Performs collections on assigned loans and assists management with collections on all loans in the portfolio.
  • Works with delinquent borrowers to obtain satisfactory loan performance.
  • Assures that adequate insurance coverage is maintained as required by loan conditions and monitors ad valorem taxes to ensure that such taxes are paid on the security.
  • May assist with the title examination on prospective loans to ensure validity of liens on property pledged as collateral or security interest on chattels.
  • May prepare loan closing packages and facilitates the loan closing process as required in accordance with all applicable association and FCA policies and regulations.

Requirements

  • Bachelor's degree in finance, business administration, agricultural economics or a related field, or equivalent experience.
  • At least five (5) years of experience in the administration and analysis of credit on commercial and mortgage loans including risk assessments and recommendations on approval of loan applications.
  • General knowledge of accounting/financial systems and key accounting principles.
  • General knowledge of office equipment and systems used for the storage and retrieval of business information.
  • Specialized knowledge of credit delivery systems.
  • Ability to perform intermediate-level accounting and financial analyses under limited supervision.
  • Good oral and written communication skills with specialized knowledge of written correspondence principles.
  • Intermediate skill level with Microsoft Office applications.
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