VP Credit

MINIMUM EDUCATION AND EXPERIENCE REQUIREMENTS

Bachelors degree in accounting, finance, business administration, agricultural economics or a related field or equivalent experience and eight (8) or more years of experience in the administration and analysis of complex commercial and mortgage credits, including experience in structuring and evaluating complex loan participations, credit relationships and direct loans.

JOB PURPOSE AND SCOPE

Provides senior-level credit administration and portfolio oversight in support of the Chief Credit Officer, with particular emphasis on the Association’s larger and more complex credit relationships, capital markets exposures, and participation loans. Coordinates monitoring, due diligence, credit quality assessments, covenant compliance, and financial reporting follow-up to support sound portfolio management. Works closely with credit analysts and lending staff to strengthen credit administration, address complex credit matters, and ensure timely completion of required reviews and servicing activities.

Assists the Chief Credit Officer with problem loan monitoring and management, credit procedures, and special projects. Assignments are broad and complex, requiring sound judgment, initiative, and the ability to work with minimal supervision.

ESSENTIAL FUNCTIONS

Oversees credit administration and ongoing monitoring of assigned larger and complex relationships, capital markets credits, and participation loans. Coordinates required reviews, reporting, and servicing follow-up with credit analysts and lending staff.

Performs assessments of loan portfolio credit quality, credit administration performance, and loan-related processes. Reviews adherence to established procedures and recommends improvements to operational effectiveness and compliance.

Reviews financial trends, borrower performance, collateral information, and other credit indicators to identify emerging risks, concentrations, and weaknesses in assigned relationships and the broader portfolio. Communicates findings and recommended actions to the Chief Credit Officer.

Evaluates loan risk classifications, probability of default ratings, loss given default assessments, and performance status assignments for accuracy and consistency with Association policy and established review standards. Recommends timely changes and follows up on identified discrepancies.

Coordinates and performs due diligence reviews of complex credit relationships and participation opportunities, working with credit analysts and lending staff to evaluate credit quality, transaction structure, documentation, reporting obligations, and servicing arrangements.

Maintains oversight of covenant and financial reporting requirements for assigned large relationships. Tracks required information, testing dates, review deadlines, and completion status in accordance with executed loan documents and Association policy.

Coordinates with lending staff, credit analysts, borrowers, and lead lenders to ensure required financial statements, tax returns, compliance certificates, and other financial updates are obtained, reviewed, and documented within applicable covenant and policy deadlines.

Reviews and documents covenant compliance using the definitions in executed loan documents. Reports breaches, overdue information, and unresolved exceptions to the lending officer and Chief Credit Officer; coordinates recommended responses and tracks follow-up through resolution.

Assists the Chief Credit Officer with problem loan monitoring and management, including watch list reviews, evaluation of borrower and collateral conditions, development of servicing and workout recommendations, and monitoring of action plans and milestones.

Serves as a credit administration resource to lending staff and credit analysts on complex relationships. Helps resolve questions involving loan structure, financial reporting, covenants, documentation, and servicing requirements, and recommends appropriate risk mitigants.

Coordinates with other Farm Credit associations, lead lenders, and participating institutions on new loans and lending opportunities, due diligence, credit updates, covenant compliance, servicing matters, and proposed actions affecting participation loans.

Interprets and communicates Association credit policies and procedures. Works with documentation staff and appropriate specialists to address legal, title, collateral, and participation agreement questions affecting credit administration and monitoring.

Assists in developing and administering credit programs and revising procedures for portfolio monitoring, credit reviews, financial updates, covenant tracking, and loan servicing. Provides guidance and training to support consistent practices across lending and credit staff.

Prepares portfolio and credit administration reports for Chief Credit Officer, including credit quality trends, covenant exceptions, financial update status, participations, and problem loans. Supports credit reviews, audits, and examinations and monitors completion of corrective actions.

Completes special credit projects and assists other Association personnel as assigned by the Chief Credit Officer, including portfolio analyses, stress testing, review of monitoring controls, and improvements to credit administration systems and reporting.

OTHER DUTIES

Maintains current knowledge of credit administration practices and industry conditions affecting the Association’s portfolio. Participates in borrower meetings, lender discussions, and professional development as needed. Performs other job-related duties as assigned by the Chief Credit Officer.

SKILL REQUIREMENTS

Specialized knowledge of credit administration, portfolio management, accounting and finance principles, and financial analysis of complex commercial and mortgage credits. Working knowledge of participation arrangements, loan documentation, risk classification practices, and regulatory requirements applicable to assigned responsibilities. Ability to interpret financial covenants, evaluate credit information, identify emerging risks, and recommend practical responses.

Strong judgment, organization and follow-through in coordinating multiple reviews and deadlines. Effective written and verbal communication and the ability to provide guidance and work across departments. Advanced proficiency in Microsoft Office applications, particularly Excel, and working knowledge of credit analysis and portfolio monitoring systems.