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Special Asset Officer at Horizon Farm Credit

Horizon Farm Credit · Saint Petersburg, United States Of America · Onsite

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

The Special Asset 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:

  • Skilled and experienced in negotiating workout strategies, troubled debt restructuring and ability to communicate effectively with the borrowers.  
  • Excellent customer contact skills.
  • Accounting skills are essential for credit analysis.
  • Strong knowledge of basic laws governing commercial lending (including the foreclosure process).
  • Capability of handling high stress situations in a business and professional manner.
  • Ability to negotiate complex transactions.

 

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

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