SVP, Institutional Recovery Management

Job Description

Leads the Institutional Recovery Management (IRM), Collateral and Asset Valuation, Monitoring and Management, and Minerals Management teams. Responsible for achieving and maintaining a balance between CoBank's mission of working with stressed accounts, and the reduction of non-earning assets or those in litigation. Contributes to overall bank strategy and management and participates in the development of strategic and operating objectives and plans. Coaches, counsels, and develops staff resources to optimize the ultimate resolution of assigned accounts or resulting acquired property, for the benefit of the bank and its customers. This position is an Enterprise Leader designated role.

Essential Functions

• Leads the Institutional Recovery Management (IRM) team through effective organization of resources, a sound functional planning process, consistent policy and procedural direction, and internal controls. Responsible for correction processes, including bankruptcy and litigation, restructuring, customer counseling, and liquidation and asset recovery. Directs the balancing of CoBank's mission of working with stressed customers, while minimizing high risk and non-earning assets in accordance with regulations and bank policies, resulting in the greatest net return and best business decision.
• Oversees the collateral monitoring and management function, responsible for collateral audits, borrowing base compliance and monitoring, and asset valuation and appraisal for CoBank direct and Farm Credit System Associations.
• Oversees the minerals management function, responsible for managing the activities of the minerals department to achieve maximum income from the mineral interests owned by the bank, including the leasing of mineral interests, tracking revenue derived from those interests, and monitoring ad valorem and other taxes levied by the various states.
• Develops, maintains, monitors, and reports on assigned portfolio, including UCS classifications, risk ratings, and non-performing classifications. Establishes specific loan loss reserves, and identifies loans classified as troubled debt restructurings (TDRs). Develops reports to monitor team account assignments and team efficiency and performance goals, as well as forecasting and business plan development.
• Directs and oversees the execution of plans and strategies for troubled accounts to maximize recovery to the bank and minimize total ultimate loss. Manages stressed account relationships during periods of rehabilitation to fully performing status, and supervises management of stressed accounts that remain under the direct oversight of the bank's lending groups.
• Leads the IRM team in developing communications strategies and building strong relationships with CoBank leaders, all internal and external customers, lending participants, attorneys, and business consultants.
• Approves credit action under delegated lending and approval authorities, and participates and makes recommendations in CoBank Loan Committee actions.
• Develops and manages internal and external legal counsel relationships and business consultant engagements utilized in the settlement of loans in bankruptcy or litigation.
• Prepares, monitors, and manages budgets and acquired property, and approves related expenses, settlements, and recoveries as appropriate.
• Coordinates with Tax, Legal, Risk Management, and regulatory officials at the highest levels, and prepares and presents reports and recommendations to bank management and the board as necessary.
• May be responsible for providing consultation for financially stressed external customers and distressed debt advisory and acquisition.
• Maintains awareness of legislative actions, and area and industry trends and conditions that may affect the bank and its customers.
• Champions the development of new ways of working that will enable better customer and people experience. Identifies and drives changes to improve the efficiency, effectiveness and results for the function.
• As a people leader at CoBank, you will be expected to manage and lead associates. Responsibilities include, but are not limited to, associate performance management, talent strategy, workforce planning, change management, conflict resolution, and relationship management. You will drive and be accountable for the team's development, alignment with the division's objectives, as well as with CoBank's strategy and mission.

Education

• Bachelor's Degree in business, finance, economics, or other relevant fields required
• Master's Degree, MBA, and/or CFA designation preferred

Work Experience

• 15 years of relevant experience, preferably in the financial services industry. required
• 5 years of supervisory/management experience. required
• Prior Experience in collection and litigation, credit restructuring, underwriting, specific to agribusiness or commercial credit. required
• Comprehensive knowledge of commercial lending, banking policies and procedures, Farm Credit System Regulations, financial structuring, loan workout issues, and bankruptcy.
• Expert credit analysis and administration skills, with the ability to appropriately apply prudent operational, credit, and risk disciplines.
• Demonstrated solutions-based problem solving, decision making and deal-closing skills, with demonstrated ability to establish credibility and influence and work effectively with business unit management, senior officers and executives.
• Excellent leadership, communication, people management, training and organizational development skills, with a demonstrated ability to motivate in a team-oriented and collaborative work environment, and promote, foster and build a diverse and inclusive workforce.
• Strong interpersonal, negotiation and consultative skills, with the ability to build and maintain working relationships, and communicate effectively with all levels of executives, internal team members, customers, and other stakeholders and partners.
• Excellent verbal and written communication and presentation skills.

Physical Exertion Details

Sedentary Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time, but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.

Travel Requirement Details

Occasional Travel occurs infrequently (typically, once a month or less).

About CoBank

The typical base pay range for this role is between $232,300 - $290,420. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance. The listed salary, other compensation and benefits information is accurate as of the date of this posting. CoBank reserves the right to adjust compensation for all positions and to modify or discontinue benefits programs at any time in its sole discretion, subject to applicable law.

CoBank is a cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 76,000 farmers, ranchers and other rural borrowers in 23 states around the country. CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture, rural infrastructure and rural communities. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.

REASONABLE ACCOMMODATION

We are committed to ensuring that our online application process provides an equal employment opportunity to all applicants, including qualified individuals with disabilities. If you are an applicant with a disability, or are assisting an applicant with a disability, and require accessibility assistance or would like to request a reasonable accommodation for any aspect of the application process, including completing an application, interviewing, or otherwise participating in the employee selection process, please submit a request by emailing View email address on click.appcast.io. Include your contact information and specific details about your requested accommodation.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.

CoBank is an Equal Opportunity Employer.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.