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Manager-Collections and Special Assets

Company: Disability Solutions
Location: Minneapolis
Posted on: February 10, 2024

Job Description:

Benefits OverviewA career at CoBank can offer you the opportunity to make a personal impact on the people and communities where we do business. When you choose a career with CoBank, you make a difference by doing work that matters. In order to be the best, we hire the best! Remarkable Benefits offered by CoBank

  • Competitive Compensation & Incentive
  • Hybrid work model - flexible work arrangements for most positions
  • Benefits Packages, including: Medical, Dental and Vision coverage, Disability, AD&D, and Life Insurance
  • CoBank University robust curriculum -associate training and development, including higher education tuition reimbursement
  • Outstanding 401k - up to 6% matching and an additional 3% non-elective contribution
  • Time-Off Packages - Vacation 15+ days, 10 Paid Sick Days, and 11 Paid Holidays
  • Community Impact - United Way Angel Day, Volunteer Day and Associate Directed Contribution
  • Associate Resource Groups - creating a culture of diversity and inclusion
  • Recognize a fellow associate with "GEM" awards, including a monetary value
  • Relocation Package Available Job DescriptionAt CoBank, the Manager, Collections and Specials Assets - Leasing manages ongoing activities associated with the post-booking risk functions of Farm Credit Leasing's (FCL) portfolio, and the collection of non-performing accounts within Farm Credit Administration, FCL, and legal guidelines to maintain charge-offs, impairments, and non-accrual lease balances within established standards. Provides oversight and strategy implementation of FCL's early collection and customer support area, monitoring delinquencies and following-up on past due exceptions, including requests for restructures, payment information, and general lease inquiries. Manages high attention credit (HAC) review and reporting process. Oversees legal external legal relationships, and manages portfolio quality expense within budget. Essential Duties and Responsibilities -- Sets collection strategy for FCL based on business channels and asset types. -- Manages early, late and deficient collection activities associated with all non-performing accounts. -- Manages lease restructure process including credit approval. -- Manages contract assumption and assignment process for both viable and non-viable accounts. -- Manages bankruptcy activities associated with non-performing accounts. -- Manages litigation process associated with the enforcement of FCL's contractual remedies against non-performing accounts. Engages outside counsel for assistance, as necessary. -- Manages equipment repossession activities for non-performing accounts. -- Develops and maintains data tracking and reporting tools to assist in the analysis of FCL's non-performing portfolio performance. -- Oversees FCL's High Attention Credit process, and coordinates quarterly readout with CoBank. -- Manage FCL's charge off, impairment, and reserve process. -- Manages departmental budgets within guidelines. -- Develops and administers policies, standards and procedures for the department. -- Manages staff. Sets performance standards, manages workflow, recommends authorities, evaluates performance, and recommends personnel actions within delegated authorities. Consults with Human Resources as appropriate. -- Develops and implements strategic human capital plan for the department. Education Education
    • Bachelor's degree in business, finance or a relevant discipline. Work Experience
      • Ten (10) or more years of relevant experience, preferably in leasing and equipment management; or an appropriate combination of education and experience
      • One (1) or more years of supervisory/management experience.
      • Master's degree preferred.
      • Leasing, credit analysis and/or underwriting experience preferred.
      • Knowledge of collection strategies, legal, bankruptcy, repossession procedures and law.
      • Ability to interpret, and implement FCA policies, conflict resolution techniques, and training in the general aspects of contract construction and enforcement.
      • Knowledge of the principles of agricultural and utility finance, repossession law and procedure, contract law and enforcement, the UCC code, equipment sales industry, estate settlements, and business negotiation.
      • Knowledge of legal, financial, and accounting principles, and laws and regulations affecting the Farm Credit System.
      • Excellent detail orientation and customer focus.
      • Strong business acumen, and proven solutions-based analytical, decision making and problem-solving skills.
      • Ability to manage projects and workload within tight timeframes, deadlines and competing priorities.
      • Ability to work independently as well as collaboratively in a team environment.
      • Demonstrated leadership and coaching skills.
      • Excellent verbal and written communication, negotiation and interpersonal skills, with the ability to build and maintain effective working relationships with all levels of CoBank/FCL management and staff and CoBank/FCL customers.
      • Knowledge of Microsoft Office applications (Outlook, Word, PowerPoint and Excel). Compensation Information
        • Estimated Base Salary Range: $
        • Short Term Incentive Bonus: 30% About CoBankCoBank 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. CoBank will not consider a work visa H1B, EAD (Employment Authorization Document or Permit) or OPT (Optional Practical Training) for this position. CoBank is an Equal Opportunity Employer. CoBank requires all newly hired associates to be fully vaccinated against COVID-19, and new hires will be asked to register their proof of vaccination. Any offer of employment will be conditioned upon an applicant supplying proof of vaccination against COVID-19; provided, however that CoBank may provide a reasonable accommodation for an applicant's known disability or sincerely held religious belief.

Keywords: Disability Solutions, Minneapolis , Manager-Collections and Special Assets, Executive , Minneapolis, Minnesota

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