Assists in the direction of the organization’s accounting and reporting functions. Areas of focus include support of financial and regulatory reporting, Bank general ledger and accounting operations and direction of the implementation of new systems for the Bank and affiliated associations. Directs and leads projects and initiatives related to accounting and reporting, including coordination with direct and indirect staff. The incumbent will provide leadership and management over a staff of professionals, including directors and will execute staff administrative duties related thereto. Must be able to work under time pressures and deadlines as directed by the Vice President & Controller.
Day to Day Duties and Responsibilities:
Oversees the preparation of internal and external financial statements and reports for Farm Credit Bank of Texas (FCBT), Texas Farm Credit District (District) and its affiliated associations (Associations), ensuring their compliance with GAAP, the Farm Credit Administration (FCA) regulatory guidelines and District policies and procedures.
Assists in ad hoc analyses of the organization’s finances and prepares reports, findings and recommendations to facilitate decision making for management and the Board of Directors, including the Audit Committee.
Work with the Director of Bank Accounting Operations, the Controller and employees in other Bank departments to prepare the Bank’s annual operating expense budget.
Provides oversight to staff in ensuring Bank’s adherence to its Sarbanes-Oxley (internal controls over financial reporting-ICFR) compliance activities as well as internal operating procedures and controls.
Key liaison for the accounting group with other departments within the Bank and external parties, including the external auditor and other System entities.
Acts as a subject matter expert for generally accepted accounting principles and their impact on the Bank and affiliated associations. Analyzes emerging accounting principles and regulatory standards to ensure compliance in this area. Coordinates and monitors these principles and standards and their impact upon the loan accounting and financial applications systems, processes, and ICFR.
Participates in departmental planning and goal setting.
Prepares and delivers oral, written and graphic presentations to various internal and external audiences.
Serves as a liaison with the IT Department for financial product development. Assists with the resolution of problems and prioritizing of enhancements to the financial software.
Directly supervises a professional level staff, including the establishment of performance standards, employee training and performance evaluations.
Provides assistance in hiring and obtaining staff resources for the department.
Performs other project work as directed by the Vice President & Controller.
Exercises objectivity, professional judgment and high standards of conduct at all times.
What You Bring to the Team:
Bachelor’s degree with a major in accounting or business administration with course concentration in accounting, finance and banking or equivalent experience. Ten (10) or more years’ experience in financial reporting and financial analysis. CPA certification is required.
Possesses expert knowledge of GAAP programs.
Experience should demonstrate ability to resolve complex issues and to direct staff resources. Ability to communicate/coordinate effectively with all levels of management as well as with outside vendors.
Ability to exercise sound judgment, use discretion and maintain confidentiality.
A moderate degree of creativity and latitude is expected.
Ability to work with minimal supervision and to travel on a moderate basis.
Skill in oral and written communication.
Intermediate to advanced skill level in Microsoft Office applications.
Possesses analytical thinking and mathematical skills.
Ability to work as part of a team.
May coach or instruct lower level colleagues.
Handles the most complex issues and problems and refers only the most complex issues to higher-level staff. Provides leadership, coaching, and/or mentoring to a subordinate group.
Acts as "lead" supervisor.
Internal Number: 2019-40
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 $24 billion. We are part of the nationwide Farm Credit System, which was established by Congress in 1916 and has assets of $349 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 credit ...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.