APPLYTO RURAL INFRASTRUCTURE MANAGER – CREDIT UNDERWRITERFarmer Mac is looking to hire an experienced, driven, analytical, and personable individual for the position of Rural Infrastructure Manager – Credit Underwriter.
Farmer Mac’s Rural Infrastructure customer segment encompasses the Rural Utilities line of business, which includes loans to generation and transmission and electric distribution entities/cooperatives, as well as numerous new strategic business initiatives with vigorous growth expectations including renewable energy and telecommunications sectors. The Rural Infrastructure Manager – Credit Underwriter will be a key member of the Rural Infrastructure team with primary responsibilities of portfolio oversight, transaction analysis, credit underwriting and executing rural utilities, telecommunications, and renewable energy project finance transactions.
The Manager – Credit Underwriter will play a significant role in developing, supporting, and implementing the enterprise’s underwriting criteria and risk rating guidelines as they pertain to Farmer Mac’s telecommunication sector growth initiatives. In addition, the Manager – Credit Underwriter will work with Farmer Mac Rural Infrastructure customers in evaluating and recommending extensions of credit transactions and will also present findings to senior management and other internal stakeholders.
The Manager – Credit Underwriter will have the opportunity to interact with various third-party loan originators during the structuring, negotiation, documentation review and execution of financings for the company’s growth aspirations for this customer segment. Additionally, the Manager – Credit Underwriter will be responsible for performing ongoing analysis and monitoring of the credit quality of Farmer Mac’s Rural Infrastructure customer segment.
The ideal candidate must be a self-starter, able to work and complete tasks in a timely and thoughtful fashion. Candidate must also be able to work with minimal supervision and should be an active and efficient communicator.
With Whom You Will Work
Rural Infrastructure Manager – Credit Underwriter will report directly to the Director of Credit Underwriting. The position holds a high level of visibility within the company and will have regular interaction with the Managing Director – Rural Infrastructure & Capital Markets, Chief Business Officer, Chief Credit Officer, Farmer Mac’s Credit Policy Committee, as well as internal and external legal counsel.
Where and When You Will Work
Work is to be conducted at Farmer Mac’s headquarters at 1999 K Street NW, Washington, D.C., or at other locations in the U.S. Business hours are Monday through Friday 8:30 am to 5:30 pm Eastern. Work outside of these times may be required for planned and unplanned activities for the purposes of completion of time-sensitive projects or attending off-site meetings or events. Minimal travel (< 20%) may be required.
Primary Responsibilities and Duties
- Oversees and manages of all credit underwriting and analysis functions for the Rural Infrastructure customer segment of Farmer Mac.
- Manages and leads Rural Infrastructure credit underwriters, including the development of strategies to further build a team of credit underwriters to support the growth objectives of the enterprise’s Rural Infrastructure customer segment.
- Has general familiarity with energy project finance transactions and is considered a go-to resource in this area, with particular focus on wind and solar projects.
- Leads the development and implementation of underwriting criteria and risk rating guidelines as they pertain to telecommunication transactions sector growth initiatives.
- Manages the entire credit process with clients, assists with call preparation and is a direct point of contact for client interaction during the underwriting and structuring process.
- Reviews and critically evaluates potential transactions including structure, contracts, and financial projection models.
- Prepares annual reviews with updated risk rating justification on commercial loans.
- Reviews loan documentation of potential counterparties for acceptability of terms and conditions and advises on structural considerations.
- Identifies and proposes alternative structures that improve risk alignment or net returns
- Works closely with outside counsel to review loan documentation.
- Manages ongoing lender actions including amendments, waivers, and consents.
- Develops and presents monitoring reports for the project finance portfolio.
- Cultivates strong working relationships with third-party loan originators.
- Performs other duties as assigned.
Required Skills & Qualifications
- Bachelor’s degree in finance, accounting, or related fields.
- Seven (7) or more years’ experience as a Credit, Investment or Financial Analyst.
- Demonstrated ability to build and maintain effective working relationships with all levels of management, staff, and customers, including leading and managing teams.
- In-depth understanding of Rural Infrastructure credit underwriting and analysis, with renewable energy and telecommunication sectors preferred.
- Broad knowledge of risk management techniques and functions.
- Ability to analyze financial statements and income tax returns, projections, structure transactions, identify key strengths and weaknesses, and devise credit solutions.
- Strong familiarity with credit underwriting, loss given default analysis, and legal documentation requirements relating to commercial loan structures.
- Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
- Demonstrated analytical, problem solving, and interpersonal skills.
- Must have strong written and verbal communication abilities.
- Strong work ethic with the ability to work on one or more tasks efficiently and effectively with minimal supervision.