The Lead Accountant will report to the Director of Financial Reporting and is responsible for the following:
Compiling, reviewing, analyzing, and preparing various financial information on a monthly, quarterly, annual and as-needed basis, for the Board of Directors, Farm Credit Administration (FCA), Funding Corporation and stockholders.
Review and draft disclosures in compliance with US generally accepted accounting principles (GAAP) and FCA regulations.
Monitor accounting guidance and reporting conclusions reached in accordance with GAAP for the Bank and affiliated entities.
Provide training and instruction to staff members on matters of accounting concepts and financial statement preparation analysis.
Reviews work, serves as a technical resource, and provides feedback, training and guidance to other staff members as assigned.
Participate in cross-functional projects in support of the bank’s products and services provided to its affiliated associations.
Compliance with Sarbanes Oxley (SOX) policies, which includes maintaining current SOX controls, as they are outlined and assisting the bank’s administration of SOX reviews, policy changes, and documentation.
Financial data analysis and reporting utilizing a variety of data mining techniques and specialized software applications.
Position requires skills in or knowledge of presentation and analysis of combined financial statements, SOX, financial analysis, interpersonal relations, and time management. Candidate must also possess strong analytical and problem solving skills to identify problems and implement solutions. Must be able to work independently and as part of a team, as well as have good oral and written communication skills. Prior experience shall include proficiency with personal computers, including the use of Microsoft Excel and Word, and knowledge of other reporting tools.
Bachelor’s degree in business administration with a major in accounting or related field, plus seven (7) years of experience in financial reporting and/or finance and accounting. Prior work experience must include financial statement preparation and analysis for a public company, operation of PC spreadsheet, database and word processing software and development of financial policies and procedures. A CPA certification is preferred but not required.
Internal Number: 2017-41
About Farm Credit Bank of Texas
If you are looking for a lender who understands agriculture and rural mortgage financing — one who has the capacity to finance the largest, most complex agribusiness operation — you have come to the right place.
Who We Are
Farm Credit Bank of Texas, headquartered in Austin, Texas, is a cooperatively owned wholesale bank with assets of $22.8 billion. We are part of the nationwide Farm Credit System, which was established by Congress in 1916 and has assets of $329.5 billion. Together with our affiliated lending cooperatives, we comprise the Texas Farm Credit District, the single largest rural lending network serving Alabama, Louisiana, Mississippi, New Mexico and Texas.
What We Do
We provide loan funds and services to 14 retail-lending co-ops and two Other Financing Institutions. These lenders make loans for rural real estate, agribusiness, and agricultural production. We also are active in the capital markets arena, participating in large-loan opportunities with the food, agribusiness, rural utility, and rural communications sectors.
Our mission is to enhance the quality of life in rural America by using cooperative principles to provide competitive cre...dit and superior service to our customers.
Our customers are our owners — 13 Agricultural Credit Associations (ACAs), which provide agricultural, agribusiness and rural mortgage financing; one Federal Land Credit Association (FLCA), which makes rural real estate loans; and two Other Financing Institutions (OFIs). These lenders in turn provide loans and financial services to farmers, ranchers, agribusiness firms, country homeowners, and other rural landowners—as well as to capital markets customers.
Our Source of Funds
We benefit from having a dependable source of competitively priced funding. Our funds come from the Federal Farm Credit Banks Funding Corporation, which sells Farm Credit System bonds and notes to investors in the nation's money markets. The Farm Credit System enjoys long-term debt ratings of AAA by Fitch Ratings, Aaa by Moody’s Investors Service and AA+ by Standard and Poor’s. These outstanding ratings align with the U.S. sovereign rating.
Our Management and Operations
The Farm Credit Bank of Texas is governed by a seven-member board of directors. Five directors are farmers or ranchers, who are elected by the customers of the 14 lending cooperatives that own the bank. Two directors are appointed by the elected board members. Our senior management team is accountable to the board of directors and works with the board to set the bank's direction, goals and strategies. We are regulated by the federal Farm Credit Administration, whose board is appointed by the President of the United States.