Special Asset Officer

If you are looking for a career with purpose, consider joining our Team in our Alachua FL office.

We are seeking to hire a Special Assets Officer. The successful candidate 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. This position is not a remote position.

You will be responsible for:

* 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.
* Working to ensure timely legal resolution of foreclosures and bankruptcies to take possession of Association collateral and recover deficiencies in such a manner as to limit expenses and mitigate losses.
2; 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 must have:
* 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.

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.

Farm Credit of Florida is an Equal Opportunity Employer of women, minorities, protected veterans, and individuals with disabilities. Drug Free Workplace.