The Credit Analyst - Farm & Ranch position will be responsible for collateral analysis, revisions of approved loans prior to funding, and assisting underwriting analysis of new Farm & Ranch loans across all platforms and programs.
Responsibilities will include: detailed collateral review and analysis on new loan submission, working with Farmer Mac Sellers to revise loans prior to loan funding, answering questions regarding programs and the loan submission processes; completing credit analyses, appraisal review and loan write-ups on Farm & Ranch loan submissions; working with the Central Servicers to ensure loan instructions are clear and properly followed; and, assisting with assigned program and policy and oversight.
Farm & Ranch is a program that offers lenders with mortgage products at attractive rates to enable them to serve their farm, ranch, and rural utilities customers.
The People You Will Work With
The Credit Analyst will report to Manager - Farm & Ranch Underwriting as well as working with other underwriting team members. Credit Analyst will also work directly with members from Strategy, Research, & Analytics, Business Development, Client Services, Closing and Servicing Departments and Appraisal Review to ensure accurate and timely completion of credit packages and revisions. The role may require travel up to 15 percent of the time.
Credit Analyst will also work directly with members from Strategy, Research, & Analytics, Business Development, Client Services, Closing and Servicing Departments and Appraisal Review to ensure accurate and timely completion of credit packages and revisions. The role may require travel up to 15 percent of the time.
Where and When You Will Work
Farmer Mac embraces a Presence with Purpose work environment, which allows for flexibility of work location while providing the opportunity for teams to come together in the office with purpose. The position can be based anywhere in the continental U.S. Farmer Mac headquarters are in Washington, D.C., and has a second location in Johnston, Iowa. Core business hours are Monday through Friday 8:30 am to 5:30 p.m. eastern time. Work outside of these times may be required for planned and unplanned activities to complete time sensitive projects or to attend off-site meetings or events. Periodic travel also may be expected of this position to meet with internal and external stakeholders.
Primary Responsibilities and Duties
- Assist with the operation of Farmer Mac’s agricultural mortgage loan underwriting
- Analyze, underwrite and recommend credit submission requests for agricultural mortgages from a variety of commodity types and industries from across the United States
- Review the adequacy of appraisals to ensure adherence to Farmer Mac collateral valuation practices
- Provide a high level of customer service to the institutions using Farmer Mac underwriting services and ensure loan turnaround goals are consistently met
- Ability and desire to analyze financial statements, income tax returns and projections, structure transactions, identify key strengths and weaknesses and devise workable credit solutions whenever possible
Desired Skills and Qualifications
- Experience reviewing agricultural appraisals, title policies, and geospatial mapping and datasets preferred
- Sound knowledge of agricultural lending/servicing practices and their implementation
- Sound knowledge of mortgage lending best practices and procedures
- Sound knowledge of agricultural economics preferred
- Strong verbal and written communication skills, with the ability to communicate effectively to Farmer Mac staff and clients
- Proficiency in operating in a computerized office environment, with solid ability in all MS Office applications, focused on PowerPoint, Outlook, Excel, and Word
- Ability to become proficient with Farmer Mac’s online loan origination platforms and computer programs
- Strong work ethic with the ability to work on one or more tasks efficiently and effectively with minimal supervision
Education and Experience
- Bachelor’s degree in agricultural economics, finance, accounting, or similar discipline
- Three (3) years of experience in agricultural lending preferred
- Strong familiarity with loan underwriting, collateral evaluation, lien perfection, and documentation requirements relating to agricultural loans
Our compensation philosophy is targeted pay positioning relative to peers, our industry, and external markets. Farmer Mac is committed to a compensation program that will enable the organization to attract, motivate, reward, and retain highly skilled and creative talent to maintain sustained long-term performance and achieve the organization’s strategic business objectives. The typical starting salary range for this position is between $60,000 - $80,000, although wages can vary based on experience and geography.