[Hiring] Special Assets Loan Officer @AgSouth Farm Credit

Role Description

We are seeking a Special Assets Loan Officer to join our Farm Credit family! This position manages an assigned high-risk portion of the Association’s loan portfolio.

• Assembles and evaluates borrower financial information and restructuring plans to determine a cost alternative of collection for the Association.
• Identifies accounts for legal collection action and coordinates activities on loans in litigation with counsel.
• The location for this position is flexible.

Responsibilities:

• Substandard Credit/Non-Earning Assets:
  • Manage assigned high risk loan portfolio and compliance with all Borrower Rights regulations and Association policies and procedures.
  • Resolve nonaccrual, acquired property, and other adversely classified accounts in a manner resulting in the least cost alternative for the Association.
  • Responsible for all servicing on adversely classed accrual accounts as assigned.
  • Develop plan for each account to upgrade to acceptable status or a liquidation plan.
• Collections:
  • Responsible for supervision of all assigned delinquent accounts.
  • Work with assigned account officers to ensure timely collection action is implemented and appropriate classifications are assigned to past due loans.
  • Work with association Attorney to monitor progress on legal proceedings to collect debts and any post judgment collection for assigned accounts.
  • Oversee and direct borrower rights/distressed notice process and become directly involved with any restructure applications.
• Other Property Owned:
  • Responsible for all acquired property, its acquisition, maintenance, and disposition.
  • Ensure compliance with all FCA regulations, state law and ACA policies and procedures with respect to acquisition and disposition of all properties.
  • Develop strategic marketing plans for each property to generate highest return in the shortest timeframe.

Qualifications

• Education and/or experience equivalent to a Bachelor’s degree.
• 5 - 7 years related work experience preferred.
• Ability to communicate effectively with all levels of the organization.
• Ability to be assertive and decisive in arriving at sound business decisions which serve the best interest of the borrower and the Association.
• Ability to travel within the assigned territory and occasional travel across the association.
• Ability to work independently and as a team member under minimal supervision.
• Excellent computer skills.
• Focus on problem solving skills with solutions-driven results.
• Current awareness of economic developments and production technology affecting agriculture in the region.

Benefits

• Competitive pay, with paid vacation, holidays and sick leave, as well as paid time off for volunteering.
• Corporate incentive plan with spot bonuses for top-notch work.
• Medical, dental and vision insurance, as well as life and disability insurance.
• Flexible spending and health savings accounts.
• Generous 401(k) matching contributions, as well as additional employer contributions.
• Reimbursement for approved higher education pursuits.
• A wellness program for employees, which includes resources for a healthier lifestyle.
• Corporate learning programs for professional development.
• Other perks, such as employee discounts on select cell phone providers, computers, etc.