FCSIC is managed by a presidentially appointed, Senate-confirmed board of directors composed of the members of the Farm Credit Administration (FCA) Board. The Chairman of FCSIC, however, must be a Board member other than the Chairman of the FCA Board. Jeffery S. Hall is the Chairman of the FCSIC Board of Directors.
FCSIC Board of Directors
Jeffery S. Hall
Glen R. Smith
C. Richard (Rick) Pfitzinger
Chief Operating Officer
As Chief Operating Officer, Mr. Pfitzinger is responsible for implementing FCSIC's strategic direction as set by the Board of Directors. His responsibilities include insurance risk assessment, fund investments, policy formulation, regulations, and financial reporting. Prior to becoming Chief Operating Officer, Mr. Pfitzinger served as Director of Risk Management responsible for the overall direction of the division including direct responsibility for two major program areas, oversight of FCSIC’s investment portfolio and supervision of risk management activities.
From 2004-2012, he served as the Corporation's Chief Financial Officer (CFO) directing the day-to-day financial operations of the Corporation. He managed a staff of traditional and contract personnel to oversee the insurance premium assessment and collection process, development and execution of the Corporation’s budget, financial and performance reporting and management of FCSIC’s investments. Prior to becoming CFO, he served as Asset Assurance Manager in charge of the Corporation’s troubled institution program.
Before joining the Corporation, Mr. Pfitzinger worked for the Federal Deposit Insurance Corporation and the Federal Savings and Loan Insurance Corporation. Prior to Government service Mr. Pfitzinger worked in the mortgage insurance industry and at a regional bank in Wisconsin.
Mr. Pfitzinger earned a B.S. in Finance from Marquette University, an M.S. in Management and pursued doctoral studies at Georgetown University. He also is a graduate of the Harvard John F. Kennedy School’s Program for Senior Managers in Government. Mr. Pfitzinger is a Certified Fraud Examiner (CFE).
Lynn Powalski (biography available upon request)
Andrew J. Grimaldi
Chief Financial Officer
Andrew Grimaldi is the Chief Financial Officer at the Farm Credit System Insurance Corporation and is responsible for the Corporation’s financial activities and leads the Financial Management Division. Andrew administers FCSIC’s annual revenue, including insurance premium assessments and investment income. He manages FCSIC’s cash and liquidity, oversees corporate accounting policy, budget and business plan development and financial reporting. Andrew is a licensed Certified Public Accountant and Attorney. He is also credentialed as a Certified Government Financial Manager and a Project Management Professional. He has extensive experience in accounting, internal controls, and managing teams. Prior to joining the FCSIC, Andrew was a Branch Chief at the Securities and Exchange Commission and while there led a number of system implementations to streamline and automate business processes. He also served as an auditor with the Government Accountability Office and KPMG.
Andrew obtained his B.S. in Accounting at Manhattan College and went to UDC David A. Clarke School of Law for his Juris Doctorate.
Howard I. Rubin
Chief Risk Officer
Howard Rubin became FCSIC’s Chief Risk Officer in September 2018. As Chief Risk Officer, Mr. Rubin is responsible for establishing standards and procedures for evaluating the risks posed to the Insurance Fund by institutions of the Farm Credit System and other sources. He is responsible for quantifying those risks and ensuring that any issues affecting FCSIC are considered in the decision‐making process. Mr. Rubin served as FCSIC’s general counsel from 2013 to 2019, advising the corporation’s board and staff on all legal matters affecting the corporation.
Before joining FCSIC as general counsel in 2013, Mr. Rubin served for three years as executive assistant and counsel to FCSIC Chairman and Farm Credit Administration (FCA) Board Member Kenneth Spearman. Previously, Mr. Rubin served as senior counsel and staff attorney in FCA’s Office of General Counsel for more than 10 years. Before joining FCA, Mr. Rubin was an attorney in private practice for nine years, specializing in bankruptcy and creditors’ rights law.
Mr. Rubin earned his Juris Doctor degree (cum laude) from the Washington College of Law of the American University.
Asset Assurance Manager
Greg Smith joined FCSIC ‘s Risk Management Division in April 2016 to assist with the execution of FCSIC’s Board policy to identify and effectively deal with risks to investors and the insurance fund, including resolution of institutions placed into receivership or conservatorship by the Farm Credit Administration. Prior to joining FCSIC, Greg was a Senior Policy Analyst in the Federal Housing Finance Agency’s Division of Federal Home Loan Bank Supervision. Greg’s experience in the private sector includes seven years as a principal in the Corporate Risk Consulting Practice at Oliver Wyman, a leading global management consulting firm. Before that he was a principal consultant in the Management Consulting Services Practice at Price Waterhouse in Beijing where he assisted Chinese financial institutions modernize as the economy transitioned from a planned to a market-based economy. He began his career at the Office of the Comptroller of the Currency where his focus was prudential supervision of problem community and regional banks during the commercial real estate crisis of the 1990s.
Chief Investment Officer/Senior Risk Analyst
As the Chief Investment Officer, Wade Wynn is responsible for managing FCSIC’s Insurance Fund. He also acts as a Senior Risk Analyst, monitoring risk in the Farm Credit System from an insurance perspective. Wade has been at FCSIC since February 2010. Prior to that, Wade worked for the Farm Credit Administration as a Senior Policy Analyst. Wade earned a bachelor’s degree from Texas Tech University and a Master of Business Administration from the University of Texas at San Antonio.
Page updated: June 20, 2019