We are a $24 billion wholesale bank that’s been financing agriculture and rural America for nearly 100 years. Headquartered in Austin, Texas, we provide funding and services to rural lending cooperatives in five states and we’re active in the nation’s capital markets. Join the Farm Credit Bank of Texas team and help us grow to meet the ever-changing credit needs of food and fiber producers, the agribusiness sector, and rural Americans. If you’re looking for a rewarding career with one of the nation’s most respected financial institutions – Farm Credit Bank of Texas (FCBT) may be a great fit for you.
Manage and supervise financial reporting staff in preparation and production of monthly in-house reports to the bank Board of Directors, quarterly and annual published Bank stockholder reports and District financial information, and quarterly and annual regulatory reports to the Farm Credit Administration (FCA) and the Federal Farm Credit Banks Funding Corporation (Funding Corporation). Responsible for financial analyses as required. Must be able to work under time pressures and deadlines as dictated by Farm Credit policies and regulations.
Day to Day Duties and Responsibilities:
Provide supervision and personnel administration as related to the Financial Reporting staff. Ensures work flow of team is well planned, coordinated and executed within required timelines.
Coordinate and manage the production process and review of staff’s work for the published annual and quarterly Bank stockholder reports and District financial information.
Prepare the quarterly and annual stockholder reports, press release and other requested documents and reports for review by the Disclosure Committee.
Coordinate and manage the production process and review of bank and district financial data reported to the bank Board of Directors, FCA (on behalf of the bank) and the Funding Corporation.
Work with external auditor to plan their quarterly review and annual audit of district financial data and disclosures. This function includes but is not limited to: a) supervising the preparation of financial reporting schedules requested by PwC and b) resolving any issues that arise.
Reviews financial documents or filings for completeness, accuracy and compliance with relevant Generally Accepted Accounting Principles (GAAP), regulations and controls for SOX and operations purposes.
Ensure walkthroughs and control activities for functional areas are maintained from a Sarbanes-Oxley 404 perspective.
Research, interpret and implement accounting pronouncements and standards as appropriate in order to fairly and accurately report and/or disclose financial data to management, stockholders, Board of Directors, FCA and the Funding Corporation.
Review and evaluate financial statements and perform analyses, as required.
Manage the performance of the financial reporting team and provides opportunities for learning and growth. Provide leadership, coaching and mentoring. Foster teamwork and collaboration.
Compile and review the financial transactions of the District’s defined benefit pension plan, prepare financial statements for the plan at year-end in accordance with generally accepted accounting principles, coordinate/facilitate financial impact aspects of the plan with the plan’s auditors, and present the audited financial statements to the DBAC.
Other projects and tasks as assigned.
Why Farm Credit Bank of Texas:
Benefits are an integral part the Farm Credit Bank of Texas total compensation package. We offer comprehensive, affordable and competitive benefit options that are focused on health and wellness, financial security, and achieving a work-life balance.
Flexible health and wellness benefits, including medical insurance, prescription drug coverage, dental insurance, vision care, flexible spending accounts, and more…
401(k) plan that includes an employer match and additional employer contribution
Long-term disability and life insurance
Vacation leave, sick leave and paid holidays
Option to use sick leave to take your pet to the vet for emergency services
Up to five days per year to volunteer in local community organizations, services or events
Ongoing professional development opportunities
Generous tuition reimbursement program
Physical fitness incentive plan
Employer matching gifts program
Important note: We care about your hiring process and take it seriously. There is a real person behind the screen and response timelines may vary. The interviewing process at Farm Credit Bank of Texas may include phone calls and emails, on-site interviews, and requests for portfolios or demonstrations of work. Unfortunately, we are unable to personally follow-up with each and every applicant, but we will do our best to create a professional, respectful, and thorough process for candidates with whom we identify as a potential fit. Please be assured, we will contact you if that is the case! AA/EOE/M/F/D/V
What You Bring to the Team:
Bachelor’s degree or equivalent in accounting, business, finance or economics, plus (7) seven or more years work experience in financial and regulatory reporting. Prior work experience shall include staff supervision, development of complex analysis, development of financial policies and procedures, and operation of PC spreadsheet, database and word processing software. CPA certification is required. Public accounting background preferred.
Excellent oral and written communication skills are required.
Position also requires skills in or knowledge of accounting principles, financial analysis, consolidated financial statement presentation, regulatory reporting, interpersonal relationships and time management.
Position supervises financial reporting team, addresses personal administration and fosters teamwork.
Also has ability to identify and seek needed information/research skills.
Internal Number: 2019-50
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.