Finance Specialist (Level: 18B, 20C) Closing Date: 9-24-2017

Farm Credit Services of America

Omaha, NE
Job Code:
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Job Details

Farm Credit Services of America or Frontier Farm Credit Job Postings
Finance Specialist (Level: 18B, 20C) Closing Date: 9-24-2017
Job Title: Finance Specialist (Level: 18B, 20C) Closing Date: 9-24-2017
Job Type: Full-Time
Location: Omaha, NE
Post Date: 09/08/2017
Job Description:

POSITION REPORTS TO: VP Finance and Treasurer

Provide ongoing maintenance of Associations cash management and loan pricing processes. Provide effective cash management services to customers and internal teammates including: monitoring sources and uses of funds; wire desk processes; lock-box deposit processing; ACH processing; draft processing; credit card activities; remote deposit activities; fraud que monitoring and overdraft monitoring. Maintain and assist in the development of computer models to ensure appropriate product pricing (rates and fees), and measure incentive plan performance. Assist in the development of training materials to ensure that cash management processes and loan products pricing programs are uniformly understood by retail offices. Support the Associations Asset/Liability Management Committee (ALCO) with ongoing analysis of spreads, fees, Association debt cost calculations, and cash management activities. Complete special projects as assigned by the Vice President-Finance & Treasurer. Level 20: Actively pursue knowledge and understanding of rules, requirements and trends with regard to cash management services and loan pricing products and processes. Assist in the development of cash management and loan pricing models and processes and conduct training in the use of such models and/or processes.


Essential functions of the position include, but are not limited to:

1. Provide effective cash management services to customers and internal teammates including, but not limited to, monitoring sources and use of funds, reconciling cash positions with commercial banks, processing wire transfers, ACH transactions, lockbox deposits, draft processing, credit card activities, remote deposit activities, and overdraft monitoring. Level 20: Actively pursue knowledge and understanding of rules, requirements, and industry trends with regard to cash management services. Assist in the development and implementation of customer online banking capabilities and other new cash management programs, products and controls to offer such advances to our customers. Promote such advances with the FCSAmerica and Frontier Farm Credit team members and educate them on their appropriate use.

2. Work with customers, internal teammates, and third party service providers to handle specific situations or resolve issues that arise in the providing of cash management services. Monitor and address online activity flagged as unusual by fraud detection software to determine appropriate handling/disposition.

3. Implement and maintain various cash management reports and reporting functions including documentation of daily disbursement and funding activities and preparation of the daily sources and uses statements. Reconcile daily cash balances with commercial banks and work with banking partners to resolve any discrepancies. Determine appropriate actions regarding return items and adjustments from commercial bank deposits. Communicate instructions to retail offices and prepare Relationship notes and general ledger entries for submission to loan accounting. Level 20: Also help establish and maintain commercial bank or other vendor relationships for new or evolving cash management services.

4. Determine updates to loan rate, spreads, and fees and prepare the daily Interest Rate Summary for use by retail offices in marketing loan products. Develop and maintain the pricing processes for other lending units including but not limited to AgDirect and Country Home Loan. Provide support to retail offices and other lending units on interest rate disclosures, prepayment fee calculations, rate change notices, etc. Develop and maintain the daily operational processes and procedures relating to loan pricing. Level 20: Also provide ongoing counsel to retail offices, other lending units, and other teammates regarding loan pricing issues.

5. Assist Associations leadership and retail offices in the development of new loan products or product options. Develop financial models to determine appropriate spreads and fees on new products/options and monitor and update spreads and fees on existing products/options.

6. Maintain and assist in the development of computer models to efficiently handle cash management and loan pricing processes and to effectively monitor and report incentive pay plan performance. Monitor the needs of retail offices and Associations’ leadership with regard to the cash management, loan pricing, and incentive pay plan processes and assist with enhancements. Level 20: Develop and enhance the above computer models on an independent basis.

7. Assist in the development of training sessions as required to educate or update Associations’ staff with regard to loan pricing and cash management practices. Level 20: Also facilitate such training.

8. Coordinate with funding banks regarding cash management activities and the funding process utilized to determine debt base rates for loan products, Associations’ cost of funds, and compensation for loan servicing.

9. Perform the responsibilities of the Treasury Manager and/or Cash Manager in their absence and assist the Pricing functions with the monitoring of daily pricing, funding, and fee activity.

10. Perform special studies and research projects related to Finance team activities such as loan pricing, cash management product development, trend and ratio analysis, etc. Provide background to support recommendations concerning new and/or proposed financial programs.

11. Provide guidance to other Finance teammates in the performance of various treasury related responsibilities and back-up and support as needed during times of absences or heavy workload. Responsible for cross-training and ensuring other Finance Team members are able to perform the duties of this position. Responsible for ensuring documented procedures are accurate so other Finance Team members are able to perform the duties of this position.

Additional functions of the position may include:
1. Represent the Finance team on cross-functional teams as assigned.
2. Monitor phones and shared mailboxes for pricing inquiries, incoming wire notifications, etc.
3. Perform other duties as assigned.

Level 18: Ideal candidate will have an education and/or experience equivalent to a Bachelor’s degree in business, finance, or economics, and a minimum of two years financial related experience is required.

Level 20: Ideal candidate will have an education and/or experience equivalent to a Bachelor’s degree in business, finance, or economics, a minimum of three years financial related experience is required and the ability to independently develop and implement financial models/processes and conduct training.

Duties for both levels require:

• Experience with financial modeling and financial forecasting methodologies.
• Excellent oral and written communication skills.
• Knowledge of Farm Credit Administration (FCA) Regulations, Associations’ policies, procedures, standards and guidelines.
• Knowledge of basic accounting principles and terminology and ability to complete financial analytical calculations.
• Knowledge of PinPoint, SI, and other job-related computer systems and software applications.
• Willingness to maintain the capability to “work from home” as part of our Business Continuity Plan to ensure cash management operations in the event of an emergency and/or disaster.
• Proficient in Windows environment using Microsoft Word, Excel, and Internet Explorer.

Extensive contact with retail offices and other lending units regarding loan pricing, cash management and marketplace profitability/incentive pay plan issues. Consistent contact with Association management and Association teams on pricing, profitability/incentive pay plan, and asset/liability management. Regular contact with funding bank staff. Occasional contact with FCA and external auditors.

• Ability to organize and solve problems effectively.
• Ability to maintain confidentiality of all sensitive Association information.
• Ability and willingness to maintain and adhere to appropriate procedures and controls.
• Ability to work effectively with detail and time constraints.
• Ability to work with a minimum of supervision.
• Ability to reason, judge, compare, calculate, evaluate and critique such information as written materials, numerical data, responses to customer needs and/or other work related activities.
• Ability to complete work in an acceptable time frame and manage a variety of detailed tasks and responsibilities simultaneously and with accuracy to meet deadlines, goals, and objectives and satisfy internal and external customer needs related to the job.
• Ability to operate telephone and respond to calls and in-person inquiries.
• Ability to move about the office with occasional reaching and bending.
• Ability to perceive errors or inconsistencies in numerical data and calculations and correct them.
• Ability to perform repetitive motions on calculator 10-key and/or computer for extended periods of time.
• Ability to use computer. This involves reading the screen and keying/typing information. Proficient in Windows environment using Microsoft Word, Excel, and Internet Explorer.
• Ability to work effectively in a team environment and effectively demonstrate team building attitude and skills.
• Ability to understand and explain various subject matter and consult on concepts, programs, terminology and methods.
• Ability to successfully interact with and represent the organization to staff, officers, board members, customers, industry specialists, and the public at all levels.
• Ability to use and understand various computer software related to carrying out essential responsibilities of the position.
• Ability to travel by auto or commercial transportation (up to 5% to carry out essential responsibilities).

Requirements of the job include the ability to do the work, with or without reasonable accommodations. It is the Association's policy to make reasonable accommodations for individuals with disabilities. Leadership retains the right to add, subtract or change duties of the position at any time.

This document does not create an employment contract, implied or otherwise, other than "at will" employment relationship.
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

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