Lending Operations Specialist at Equity Livestock Credit Corporation

Job Description

Job Description

Lending Operations Specialist

~Equity Livestock Credit Corporation~

About the Role:

In this role, the Lending Operations Specialist ensures smooth, accurate, and timely execution across the credit lifecycle to support our customer needs. Serving as a dedicated operational contact for current, past, and prospective credit customers, you will manage loan documentation, coordinate file workflows, and maintain rigorous follow-through from application to payoff.

Key responsibilities include collecting and verifying borrower information, compiling credit presentations for committee review, and executing the closing, funding, and ongoing servicing of approved loans.

Essential Functions :

1.      Loan Administration & Credit Support

  Application Management: Gather financial statements, tax returns, and livestock production records from cooperative applicants applying for credit.

File Preparation Management: Set up credit files, input data into lending software, and prepare preliminary loan packages for the VP’s review. Maintain digital and physical credit files, inputting data into agricultural lending software.

Closing Support: Prepare loan agreements, promissory notes, and security documentation for the VP’s approval. Additionally, prepare loan documentation, schedule closing, and ensure all signatures, notes, and security agreements are properly executed.

File Management: Maintain digital and physical credit files, inputting data into agricultural lending software.

UCC Filings: File and track UCC-1 financing statements to secure liens on livestock, feed, and farm equipment.

Closing Support: Prepare loan agreements, promissory notes, and security documentation for the VP's approval.

Loan Request Perform/Present Underwriting Duties : Help prepare/interpret loan presentations for VP and present when VP is out.

Problem Solving: Research and resolve billing, interest calculation, or livestock disbursement discrepancies for customers.

Communication Flow: Draft correspondence, review incoming emails, and prioritize credit requests or risk alerts for the VP.

2.      Feedlot Visits & Field Inspections:

  Collateral Verification: Occasional Travel to customer farms, and feedlots to conduct physical inspections of livestock counts and assess herd health.

  Feed & Inventory Logs: Review and verify feedlot logs, feed consumption records, and weight gains to ensure accuracy against the borrower’s projections.

  Field Reporting: Document asset conditions and provide written field reports to the VP of Lending to update risk management profiles.

1. Provide Coverage for Loan Assistant as needed:

  Collateral Verification: Track livestock inventory, inspect feedlot or pasture reports, and verify UCC filings (liens) on cattle, hogs, or sheep.

Risk Monitoring: Monitor high-volume auction transactions in real-time to alert the VP of any    

potential credit line overages or payment risks. Process LFP and other loan payments and notify the VP if a purchase exceeds payment.

Account Support and Management: Serve as primary point of contact for borrowers regarding interest statements and loan payoffs. Assist the VP with preparing materials for the Board of Directors and lending committee meetings.

4. Key Qualifications and Requirements:

Experience:

• Bachelor’s or Associate’s Degree in Business Administration, Finance, Agriculture, or equivalent work experience.
• 2-4 years of experience in lending support in consumer, commercial, agricultural lending, or the agriculture industry.
• Basic knowledge of loan products and services, credit operations and government lending regulations.

Technical / Industry knowledge:

• General knowledge of farm/livestock production methods and products.
• Proven capability to rapidly and accurately input complex data and livestock counts into software and evaluate the output.
• Strong verbal and written communication
• Collaborative cross-functional teamwork
• Detail-oriented, meticulous approach to reviewing multi-page documents and catching and correcting discrepancies.

Location:          Baraboo, WI

Reports to: VP of Credit Services

FLSA Status: Exempt

Equity Cooperative Livestock is Wisconsin’s largest livestock marketing cooperative and one

of the nation’s premier livestock marketing organizations. Service to our members is the primary obligation of every employee.