Product Director-Loan Accounting Systems - Farm Credit Bank Texas
Austin, TX
About the Job
Who we are:
Farm Credit Bank of Texas is a $38.9 billion wholesale bank that has been financing agriculture and rural America for over 100 years. Headquartered in Austin, Texas, we provide funding and services to rural lending associations in five states, and we are active in the nation's capital markets.
While you may not be familiar with our name, Farm Credit Bank of Texas plays a critical role in supporting the businesses that make it possible for America to maintain access to an affordable and safe food supply, an industry which is one of the most innovative and evolving of our time. And while you help us deliver on our mission, we deliver on our commitment to you as a valued employee by providing competitive compensation, generous health and wellness benefits packages and an attractive hybrid workplace located along the bluffs of the Colorado River just minutes west of downtown Austin.
We seek out top talent in their fields, whether it be technology, finance, accounting, credit, human resources, or other administrative functions, and welcome you to join us in our mission to feed the world.
Position Description:
Join Farm Credit Bank of Texas as the Product Director, Loan Accounting Systems, where you'll lead the evolution of our digital loan servicing landscape. As the Loan IQ Product Owner and evangelist, you will drive innovation and operational excellence by leveraging cutting-edge technology to enhance our digital offerings, ensuring exceptional customer experiences. Ideal candidates bring 10 years of experience with Loan IQ, possess expertise as a Loan IQ Subject Matter Expert (SME), and have a strong background in Operations Leadership and Product Management. This role is hybrid and based out of Austin, TX.
You may be assessed on key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills.
Day-to Day-Duties and Responsibilities:
- Establish, implement, and enhance sound, progressive and effective loan accounting systems and related software applications which support the lending operation of the bank, and fairly and accurately reflect borrower legal obligations and the bank's investment in loan related assets, with general accepted accounting principles (GAAP), FCA regulations, and district policies and procedures.
- Possess and maintain an in-depth knowledge and understanding of Loan IQ, its file structures and field uses, general business processes within the loan systems, and a solid knowledge of the best practices. Possess Loan IQ product configuration knowledge including table maintenance and batch Jobs, and the ability to drive business discussion and derive requirements for Loan IQ configuration.
- Provide Product / Business leadership for efforts to integrate Loan IQ with Data and Reporting platform.
- Possess a strong understanding of commercial lending business processes. Ensure we have best-in-class risk and control capabilities.
- Develop relationships with Associations' Loan Operations User groups. Work closely with each bank representative to identify the best approach of ensuring success as it relates to change. Conduct and attend workshops with stakeholders.
- Train, prepare, and provide/manage ongoing support for Associations' Loan Operations users. Ensure that user documentation, communication to the associations and training are coordinated and completed along with implementation of new systems and/or system changes.
- Partner with Associations' Loan Operations representatives, FCBT Relationship Managers, Project Teams, Product Owners, IT Operations, and the Training Department to facilitate change in a manner that increases user adoption.
- Develop an effective strategy for introducing change across the District Loan Operations
- Work with loan system users, department staff and other bank staff to define functional processes and requirements for new and existing business systems.
- Direct and lead special projects which establish direction for the bank concerning the development of its loan and accounting operations.
- Provide Loan IQ production and operational support ce to department and bank staff.
- Ability to communicate proficiently and effectively, both verbally, and documentary. Able to present and speak publicly to systems users and stakeholders.
- Ability to lead and motivate others. Ability to manage large, multiple, complex projects under minimal supervision, and under tight deadlines. Ability to take the lead on management reporting; issues/risk management; and communications. Ability to identify and communicate project requirements. Ability to prepare accurate budgets and reliable schedules for projects including the prevention of project scope creep. Abilit