Special Assets Officer

JOB DESCRIPTION

We are currently hiring for a Special Assets Officer to join our Team!

The Special Assets Officer will manage a loan portfolio of high-risk assets and work to appropriately manage risk with a view toward the desired outcome of improving the borrower's financial performance, maintaining the relationship, and managing risk reduction.

Responsibilities :

• Evaluating loan strengths and weaknesses, determining the appropriate collect or correct strategy.
• Implementing and executing these strategies in an efficient and effective manner within the parameters set by applicable policies, procedures and guidelines as directed by SAF Management.
• Utilizing negotiating skills to resolve problem cases prior to legal action when appropriate and in the best interest of the Association.
• Complying with Borrower Rights for distressed assets in accordance with FCA and the Association regulations.
• Coordinating and managing, in conjunction with Association retained legal counsel, foreclosures and bankruptcy-related litigation activities of the Association.
• Responsible for overseeing foreclosure and bankruptcy cases to secure Association assets and recover outstanding balances.
• Ensures legal actions are resolved efficiently to reduce costs and limit financial exposure.
• Ensuring that proper and complete accounting records are maintained as prescribed by policy, procedure and GAAP, including but not limited to Charge Off's, Specific Reserves, and Quarterly FASB 114 reporting.
• Timely and accurate reporting of potential properties moving to OPO.

To qualify for this position, you should possess the following :

Education : Bachelor's degree in Business Administration, Agriculture, Economics, Finance or related field or equivalent work experience. Farm Credit experience, is a plus.

Experience : A minimum of five (5) to seven (7) years of agricultural and / or commercial lending experience or related experience.

Other Skills & Abilities :

Farm Credit of Florida is an Affirmative Action / Equal Opportunity employer, including veterans and individuals with disabilities. Drug free workplace.