Inventory Finance Credit Manager, AGCO Finance

Agco Corp. Duluth, GA
Inventory Finance Credit Manager, AGCO Finance

In today's marketplace, professional farmers consider financing and leasing options as much as mechanical features and benefits when they acquire farm equipment. AGCO Finance offers comprehensive financing programs based on innovative financial products to meet the individual needs of our customers.

Whether a customer chooses to purchase, lease or rent equipment, AGCO Finance can provide a competitive solution. Working with AGCO Finance, professional farmers around the world can acquire the right equipment to help them grow their businesses and also improve their management of cash flow and credit lines. To apply for this position; please use the following link:

Position Summary:

* Organize, manage and optimize the risk management and credit underwriting processes within AGCO Finance for its Inventory Finance segment. Supervise a credit team to support the BU in achieving its targets.

* Execute the risk management and credit underwriting processes within the BU, based on assigned authority levels and targets, in order to support BU in achieving its Expected Loss targets.

* Manage credit and risk process for semi-standard to more complex small to large sized inventory lines for dealerships in the agricultural industry.

Roles & Responsibilities:

* Supervise and motivate a team of analysts who collaborate daily with other departments to make recommendations for credit lines that both meet the needs of AGCO dealers and conform to AGCO Finance's risk appetite.

* Implement and abide by credit risk policies and procedures that will help enable the BU to meet its risk cost and net profit targets.

* Manage the annual review process, ensuring that credit requests are reviewed by the appropriate level(s) of credit authority and completed on time and in accordance with DLL's global risk policies and procedures. In this role, it will also be necessary for the Credit Manager to prepare a meaningful number of credit reviews too.

* Inform and liaise with all BU, corporate parties, risk committees and vendor/partner on developments in credit/risk profile portfolio.

* Signal opportunities for improvement, then initiate and manage needed corrections.

* Participate in collaborative projects as needed between AGCO Finance and AGCO management teams.

* Ensure compliance with regulations, laws, and internal policies.

* Manage the BU's responses to inquiries made by Credit Review and other examiners throughout the year and help ensure that the credit risk management process is functioning properly and prepared for such exams.

* Develop and maintain a strong working relationship with key representatives of our vendor partner so that we can be responsive to its evolving needs.

* Provide analysis and recommendations as needed to other members related to the status of existing credit lines, classified accounts and other matters.

* Maintain and submit reports within and outside the BU related to changes in loan quality and ratings, status of credit reviews and condition of the portfolio.

* Ensure DLL training is completed by the assigned deadlines and the guidance provided is included in the day-to-day operations of the credit staff.

* Analyze financial, asset, market, legal and contractual risk including preparation of MRA analysis and using Central Rating Engine to calculate Risk Rating.

* Participate in local risk committee meetings and provide decisions on applications and agreements, when appropriate.

* Provide information, support, training and align all parties on credit and risk management policies, processes and issues in order to cultivate a sound (credit) risk organization and (credit) risk awareness culture.

Your Profile:

* Bachelor's degree with financial/accounting emphasis preferred.

* At least 5 years of experience in the field of credit analysis, underwriting and risk management.

* Knowledge of vendor programs, financial analysis, portfolio analysis, internal and external regulations, credit/risk management policies and scorecard techniques.

* Must be able to manage a large volume of annual and new dealer reviews while also responding to frequent ad hoc requests for adjustments in lines, etc.

* Strong analytical and financial writing skills.

* Knowledge of inventory financing and security filing, UCC/PPSA, a plus.

We Offer:

* Two working days per year volunteering for a local charity

* Flexible hours with possibility to work from home (within job scope)

* Career development opportunities: online learning, member development programs, Tuition reimbursement program.

* Company matching 401k program

* Industry leading Paid Time Off package

* Outstanding Medical, Dental, Vision benefit programs

* One month fully paid sabbatical after seven years of service

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