Job Information
AgriBank Chief Financial Officer (onsite/hybrid) in St. Paul, Minnesota
*Candidates interested in this position should APPLY HERE (https://www.linkedin.com/jobs/view/3835367074/?capColoOverride=true)
COMPANY BACKGROUND
THE FARM CREDIT SYSTEM
The Farm Credit System is a federally-chartered network of borrower-owned cooperatives and related service organizations with a combined mission to support rural communities and agriculture with reliable, consistent credit and financial services, today and tomorrow. For over a century, Farm Credit has supported rural communities and agriculture. Combined, Farm Credit organizations provide over $385 billion in loans to more than 600,000 customers nationwide, serving approximate 40 percent of agriculture’s credit needs.
As customer-owned cooperatives, Farm Credit institutions are governed by the customers they serve and have a specific mission to support rural communities and agriculture.
For more information, visit www.FarmCredit.com.
AGRIBANK
AgriBank, FCB is a Farm Credit funding bank that is part of the customer-owned, nationwide Farm Credit System (FCS). As one of four Farm Credit Banks, AgriBank obtains funds by issuing debt in the capital markets jointly with the other Farm Credit Banks through the Federal Farm Credit Banks Funding Corporation (Funding Corporation). Under Farm Credit’s cooperative structure, AgriBank is primarily owned by local Farm Credit Associations, which provide financial products and services to farmers, ranchers, rural communities, and agriculture. AgriBank obtains funds and provides funding and financial solutions to those Associations, which, along with AgriBank, comprise the AgriBank District. The District covers a 15-state area stretching from Wyoming to Ohio and Minnesota to Arkansas. For more information, visit www.AgriBank.com.
POSITION OPPORTUNITY
AgriBank’s CFO provides financial, operational and strategic leadership of the finance area which includes the treasury, controller, and finance operations departments of AgriBank. As part of the executive leadership team, AgriBank’s CFO is a member of bank committees and a principal in managing and fostering strong relationships with AgriBank’s District Associations, the Farm Credit Administration (FCA), Funding Corporation, and other key stakeholders in the FCS and in related financial and agricultural communities. The CFO’s highly visible internal and external role entails commensurate gravitas, executive presence, and presentation excellence.
KEY POSITION RESPONSIBILITIES
FARM CREDIT SYSTEM (FCS) AND DISTRICT LEADERSHIP
Works with the Bank’s regulator, the Farm Credit Administration (FCA), on financial management and treasury issues, including relevant guidance on FCA’s bookletters and informational memoranda.
Provides guidance to the Funding Corporation on asset liability and financial reporting related matters and serves on the System Disclosure Committee.
Interacts with rating agencies at the Bank and FCS level in maintaining the FCS’ strong credit rating.
Provides leadership and participates in Systemwide Committees on key financial, regulatory or strategic issues affecting the FCS.
Fosters collaborative efforts within the Bank’s District on issues such as capital strategies, asset liability and interest rate risk strategies and operations, cash management solutions, accounting standards, financial reporting and internal controls.
Promotes awareness with Farm Credit Associations about financial oversight and AgriBank’s role.
STRATEGIC & ORGANIZATIONAL LEADERSHIP
As a member of the Bank’s Executive Leadership Team, participates in making strategic decisions and setting strategic direction for the Bank.
Identifies, analyzes, and develops key strategic initiatives; ensures the Bankis a value-added partner to affiliated Farm Credit Associations (Associations).
Facilitates strategic dialogue between AgriBank executive and senior leadership, Board of Directors and Association senior leadership.
Participates as a voting member on the Bank’s Market Risk Committee, CounterParty Risk Committee and Asset/Liability Committee.
Participates as a member on the Bank’s Wholesale Loan Committee, Allowance Committee, Disclosure Committee, Data Governance Committee, and other Bank committees.
Selects, develops, motivates, and evaluates a team of financial professionals and leaders.
Allocates responsibilities and provides work guidance and direction.
Promotes strong working relationships within financial management team and across all business functions.
TREASURY, FINANCE OPERATIONS AND CONTROLLER DEPARTMENT LEADERSHIP
Develops and executes financial risk management strategies.
Directs the asset/liability position to maintain net interest income and economic value of equity.
Leads financial operations, including transfer pricing, cash management and financial reporting and analysis.
Directs capital planning and utilization.
Directs the investment portfolio to ensure liquidity and minimize capital impairment and cost of liquidity.
Approves the development and implementation of new retail loan pricing products.
Directs AgriBank’s accounting, reporting and analysis processes.
Directs and has responsibility for the annual multi-year business planning process
Directs the provision of financial reporting services to Association customers.
Ensures timely, accurate and compliant financial accounting and external reporting.
Provides insightful management reporting to support effective AgriBank and District decision making.
Develops and maintains common financial management processes to support AgriBank operations and lines of business.
Develops, approves, and monitors departmental budget.
PROFESSIONAL EXPERIENCE/QUALIFICATIONS
The ideal candidate is an experienced finance leader that must instill a culture of responsibility and accountability for managing AgriBank’s capital and earnings, and drive the implementation of a contemporary and sophisticated enterprise-wide financial architecture. The successful CFO candidate is a senior leader who will be highly visible and credible with executives and boards of directors and proactive in aligning financial strategies to address the business needs of the organization. The CFO will collaborate across the organization and will act as a partner to other executives, providing thought leadership and collaboration on business issues.
15+ years of experience in progressively senior roles, including executive-level supervisory experience.
Ability to work in a group-oriented environment where it is necessary to build team consensus and develop relationships across the organization and throughout the Farm Credit System.
Strategic thinking, effective analysis of data, and the ability to disaggregate business plans into component risks are essential skills needed in the role of the CFO.
Strong verbal and written communication skills, with ability to build strong relationships at all levels, and to motivate and influence others.
Business and financial judgment and problem-solving skills are crucial requirements to serve as a trusted adviser and a control authority.
Advanced knowledge of GAAP accounting, internal controls, financial operations and risk management, and asset-liability management.
Intermediate knowledge of audit and SOX/ICFR practices and procedures.
Intermediate knowledge of Farm Credit System and regulatory requirements.
Basic knowledge of investor relations, including global financial systems and capital markets
Basic knowledge of information technology, data strategy, and data governance.
Knowledge and Skills
A Bachelor’s degree in business, finance, accounting, or a related field. Master’s degree preferred.
Certified Public Accountant (CPA), Certified Management Accountant (CMA), or Chartered Financial Analyst (CFA) preferred.
Public accounting and/or Securities and Exchange Commission (SEC) reporting experience would be a plus.
AgriBank will not sponsor a work visa (e.g. H1B, etc.) to fill this position.
Applicants requiring a reasonable accommodation for any part of the application process may contact us through the following methods: Phone: 651-282-8738 or Mail: AgriBank, Attn: Talent Recruiting, 30 E 7th Street, Suite 1600, St. Paul, MN 55101.
In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.
AgriBank FCB is an Equal Opportunity Employer (M/W/D/V) dedicated to diversity in the workplace and offers a great work environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.
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