Credit and AgriFinance Manager - AgVantage FS - Waverly, IA

 

AgVantage FS is headquartered in Waverly, Iowa with branches in Northern and Eastern Iowa. AgVantage FS has about 400 employees (including seasonal workers) and approximately 23,000 customers. The cooperative does business in agronomy, energy, precision agronomy, and agri-finance. AgVantage FS is part of the GROWMARK System, an agricultural cooperative serving more than 100,000 customers across North America and Ontario, Canada.

PURPOSE AND SUMMARY STATEMENT

 

Responsible for providing leadership in Agri-Finance administration, credit administration, and marketing of credit programs as a sales tool.

 

SUPERVISION & LEADERSHIP

 

Supervises, leads, and develops assigned staff through effective planning, coaching, and communicating performance expectations & standards, to achieve maximum growth, profitability and customer satisfaction.

 

ESSENTIAL JOB FUNCTIONS

 

Investigates and verifies financial status and reputation of prospective customers applying for credit, preparing documents to substantiate findings, and recommending rejection or approval of applications

Establishes Credit limitations on consumer accounts and handles special credit arrangements and deviations from standard terms of payment

Reviews collection reports to ascertain status of collections and balances outstanding and to evaluate effectiveness of current collection policies and procedures

Audits delinquent accounts considered to be uncollectible to ensure maximum efforts have been taken before assigning bad debt status to account

Coordinates with others, including personnel in company branches to exchange information and update controls

Participates in taking applications for financing and requests specified information for loan application

Requests applicant credit reports, background checks, reference checks, and other information pertinent to loan applicants evaluation

Analyzes applicant’s financial status, credit, and property evaluation to determine feasibility of granting loan or submits application to credit analyst for verification and recommendation

Corresponds with or interviews applicant or creditors to resolve questions regarding application information

Compiles loan package and facilitates negotiation of loan structure with applicant, including fees, loan repayment options, and other credit terms

Approves loan within specified limits or refers loan to a loan committee for approval

Ensures loan agreements are complete and accurate according to policy

Assures timely loan completion and funding activities

Identifies and analyzes potential loan marketing options to develop prospects for operating loans

Advises management of external factors that may affect lending policies, such as new or revised legislation and regulations.  Recommends and implements appropriate changes to established policies and procedures<