Rabo Diversified Services LLC ("RDS") is part of Rabobank, a global financial services leader providing wholesale, rural and retail banking services in more than 40 countries worldwide. Founded by Dutch farmers over a century ago, Rabobank remains true to our core mission: to create value for our customers, our employees, and the local communities where we do business. Rabobank today is one of the world’s largest banks with over $650 billion in assets. In North America, Rabobank is a premier financial institution providing services across the food and agriculture value chain. RDS’s support functions champion over 1,300 employees throughout Rabo AgriFinance and Rabobank North America Wholesale, companion Rabobank subsidiaries.
Within designated company and department policies and authority levels, develop and implement workout strategies on an assigned portfolio of highly complex and larger exposure problem loans. Strategies should be designed to either retain or exit lending relationships depending on the probability of future viability as a client of RAF. Maximize repayment/recovery of loans within economic limits. Insure the loan classification and loan loss provisions of the assigned portfolio accurately reflect the risk of those assets. Ensure that workout strategies are structured within established RAF credit policies, any applicable state or federal laws or bank regulations, and do not place the company at risk from a legal or reputational standpoint.
Beyond the typical role of a Financial Restructuring Manager(FRM) (described above), the Financial Restructuring Coordinator(FRC) also has delegated credit authority over assets managed by LFR. The FRC displays a high level of competence in the role of the FRM plus a larger understanding of RAF’s Credit Risk Parameters and how the individual assets fit into the overall strategy of both Local Financial Restructuring (LFR) and RAF as a whole. The FRM uses both this larger understanding combined with their individual delegated credit authority to ensure that credit decisions on individual assets managed by LFR advance the strategic goals of RAF. FRCs are designated to focus on specific subsets of the LFR portfolio (e.g., by territory or by strategy), which improves the responsiveness of LFR by allowing for more localized control and decision making.
Responsible for department projects and portfolio reporting as directed by the Head of Financial Restructuring Rural. FRCs may be called to sit on the Rural Credit Committee from time to time.
Key Responsibilities and Accountabilities:
Account Management Responsibilities (40% of time / 20% of time for Exit Coordinator):
- Manages the most complex and largest exposure loans assigned to LFR. Assists other LFR Managers with management of similar loans in order to build the effectiveness of all LFR Managers.
- Coordinates the semi-annual Loan Strategy Reports (LSRs) cycles and ensures that all LSR’s are prepared and presented timely, and that all are imaged to the file. As needed, coordinates the loan closing activities of LFR loans. Works directly with Closing and Legal staff to achieve timely and quality results.
- As needed, works directly with RAF Legal on the Legal Review of LFR loan files to ensure timely and quality results.
- Coordinates the reporting requirements of for assigned files to ensure that quality and timeliness of reports and/or responses meet expectations.
- Must be familiar with and comply with laws, regulations and internal policies and procedures that are applicable to required job duties within the LFR group.
- Act in an advisory role with RM’s on loans classified OLEM.
Coordinator Responsibilities (60% of time / 80% of time for Exit Coordinator):
- Assists Head of LFR with assignment of loans and LFR Advisors.
- Within delegated authority, take credit decisions on assigned credit actions including, but not limited to: approving LSRs, extensions & modifications, partial releases, settlement agreements and so forth
- As part of the credit decision process, works with and coaches FRMs and FAs on the structure and strategy for individual assets in order to advance the timely resolution of FR managed clients
- Supervises certain department projects, as designated by the Head of LFR.
- Coaches and counsels colleagues on matters relative to LFR loans and issues.
- As needed, communicates with local management (e.g., territorial GMs, CRO, etc.) and global management (e.g., UFR, Risk WRR, etc.) regarding assets managed by LFR
Addition Responsibilities for Pacific Coordinator:
- Aids in recruiting and building out the Pacific LFR team with FRMs and FRA
Additional Responsibilities for Exit Team Coordinator:
- Manages LFR’s entire population of assets designated for “Exit” in a manner that drives these relationships to a speedy and efficient end
- With credit approval, oversees the sale of assets (individual or pool) as a tool to manage the size of the exit portfolio within RAF’s risk appetite
- Recruits and manages a team of FRMs specializing in the designated exit portfolio
- Limited HR functions for the Exit team
- Oversees LFR’s litigation function, manages acquired property and prosecutes its judgment and collection process
- Close and direct work with both internal and external legal counsel
- Oversees the Default Data process as it pertains to LFR
- Complete all mandatory training within a timely basis, as instructed.
- Comply with code of conduct & Bank policies/procedures.
- Actively identify incidents outside of established policies & procedures and report to management immediately.
- Familiar with & comply with laws, regulations, and internal policies & procedures that are applicable to required job duties.
- Understand & comply with all RAF & Rabobank anti-money laundering (AML), compliance, and all other applicable laws, including, but not limited to, the completion of all required AML & Sanctions training.
CULTURE & VALUES
- Actively & consistently demonstrate RAF’s Eight Cultural Practices.
Job Knowledge, Skills, and Abilities:
- Must have ability to supervise a team of co-workers, as well as daily business activities.
- Ability to effectively evaluate and report portfolio activity.
- Must have an in-depth knowledge and understanding of RAF policies and procedures, as well as the processes associated with loan underwriting, closing and administration.
- Must have extensive knowledge of production agriculture throughout all RAF marketing regions. Must be well experienced in loan documentation including the perfection of liens on crops, inventory, machinery and real property. Knowledge and previous experience with bankruptcy and other legal issues is necessary. Strong negotiation skills required.
- Ability to read, analyze and interpret general business periodicals, or governmental regulations. Ability to write reports and business correspondence. Ability to effectively present information and respond to questions from groups of managers, clients, customers and the general public.
- Ability to analyze simple to complex financial statements to evaluate the financial stability of an entity or individual.
- Ability to solve complex problems and deal with a variety of situations where only limited standards may exist and critical thinking is needed for effective resolutions. Must be able to establish and build strong working relationships with clients and others may be challenging and difficult to work with.
- Bachelor’s degree with 5-10 years agricultural lending and business management experience, or the equivalent of education and experience.
- Proven ability to manage complex problem loans and develop successful workout strategies.
- Travel is required. Must be able and available to conduct site visits and attend meetings, legal proceedings, mediations and other important loan related events. Occasionally this travel is required on short notice and may extend for a period of 5-7 days.
With healthcare and insurance costs on the rise, Rabo Diversified Services employees enjoy a first-class benefits package, featuring a selection of medical coverage and investment options to meet your personal needs. Our benefits program includes:
- Health care spending account
- Dependent care spending account
- Basic life insurance plus AD&D insurance
- Optional life insurance
- Short-term disability
- Long-term disability
- 401(k) program
- Health and wellness seminars
- Tuition reimbursement
Rabo provides equal opportunity in employment to all employees and applicants and does not discriminate on the basis of race, color, creed, religion, national origin, ancestry, alienage or citizenship status, age, sex, sexual orientation, gender identity, gender expression, marital status, genetic information, medical condition, physical or mental disability, pregnancy, childbirth or related medical condition, military service or veteran status, victims of domestic violence, or any other basis protected by applicable law. Rabo also prohibits harassment of any individuals on any of the bases listed above.
Consistent with this policy, Rabo embraces diversity and welcomes employees and applicants of all backgrounds. Our goal is to create an environment that is inclusive, drawing upon the strengths of the diversity of our workforce to exceed the expectations of our clients and customers.