SAM Loan Officer - Location Flexible
About The Position
The Special Assets Loan Officer manages an assigned high-risk portion of the Association’s loan portfolio. The role evaluates borrower financial information and restructuring plans to determine the Association’s least-cost collection alternative, identifies accounts for legal collection action, and coordinates loans in litigation with counsel. The position has a flexible location. The officer manages substandard credit and non-earning assets, oversees assigned delinquent accounts, and handles acquired property from acquisition through maintenance and disposition. The role ensures compliance with applicable borrower-rights regulations, FCA regulations, state law, and Association policies and procedures, and develops plans to upgrade accounts or liquidate them.
Requirements
- Education and/or experience equivalent to a bachelor’s degree.
- Ability to communicate effectively with all levels of the organization.
- Ability to be assertive and decisive in making sound business decisions that serve the best interests of the borrower and the Association.
- Ability to travel within the assigned territory and occasionally across the Association.
- Ability to work independently and as a team member under minimal supervision.
- Excellent computer skills.
- Problem-solving skills with a focus on solutions-driven results.
- Current awareness of economic developments and production technology affecting agriculture in the region.
Nice To Haves
- Five to seven years of related work experience.
Responsibilities
- Manage an assigned high-risk loan portfolio and ensure compliance with Borrower Rights regulations and Association policies and procedures.
- Resolve nonaccrual, acquired-property, and other adversely classified accounts using the least-cost alternative for the Association.
- Service assigned adversely classified accrual accounts.
- Develop an upgrade plan or liquidation plan for each account.
- Supervise assigned delinquent accounts and work with account officers to ensure timely collection actions and appropriate past-due loan classifications.
- Work with the Association attorney to monitor legal proceedings and post-judgment collection activity for assigned accounts.
- Oversee and direct the borrower-rights and distressed-notice process, and become directly involved in restructure applications.
- Manage acquired property, including its acquisition, maintenance, and disposition, in compliance with applicable regulations, state law, and Association policies.
- Develop strategic marketing plans for each acquired property to generate the highest return in the shortest timeframe.
Benefits
- Paid vacation, holidays, and sick leave
- Paid time off for volunteering
- Corporate incentive plan with spot bonuses
- Medical, dental, and vision insurance
- Life and disability insurance
- Flexible spending and health savings accounts
- 401(k) matching and additional employer contributions
- Reimbursement for approved higher education pursuits
- Employee wellness program
- Corporate learning programs for professional development
- Employee discounts on select cell phone providers, computers, and other items
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What This Job Offers
Job Type
Full-time
