SAM Loan Officer - Location Flexible

Farm Credit Services of America • Statesville, NC

9d

About The Position

AgSouth is seeking a Special Assets Loan Officer to manage an assigned high-risk portion of the Association’s loan portfolio. The role assembles and evaluates borrower financial information and restructuring plans to determine the Association’s least-cost collection alternative. It identifies accounts for legal collection action and coordinates litigation-related loan activities with counsel. The position’s location is flexible.

The officer manages adversely classified accounts and acquired property, overseeing servicing, collections, borrower-rights processes, legal proceedings, and property disposition in accordance with applicable regulations, state law, and Association policies. The role develops account plans to restore acceptable status or liquidate accounts, and strategic marketing plans intended to achieve strong returns on acquired properties within a short timeframe.

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 when 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 and a solutions-driven approach.
• Current awareness of economic developments and production technology affecting agriculture in the region.

Nice To Haves

• 5–7 years of related work experience preferred.

Responsibilities

• Manage the 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.
• Handle servicing for assigned adversely classified accrual accounts.
• Develop a plan for each account to upgrade it to acceptable status or to liquidate it.
• Supervise assigned delinquent accounts.
• Work with assigned account officers to ensure timely collection action and appropriate classifications for past-due loans.
• Work with the Association Attorney to monitor legal proceedings and post-judgment debt collection for assigned accounts.
• Oversee and direct the borrower-rights and distressed-notice process, and become directly involved with restructuring applications.
• Manage acquired property, including its acquisition, maintenance, and disposition.
• Ensure compliance with FCA regulations, state law, and ACA policies and procedures for property acquisition and disposition.
• Develop strategic marketing plans for each property to generate the highest return in the shortest timeframe.
• Assemble and evaluate borrower financial information and restructuring plans to determine a cost-effective collection alternative.
• Identify accounts for legal collection action and coordinate activities on loans in litigation with counsel.

Benefits

• Paid vacation, holidays, and sick leave, plus 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.
• Generous 401(k) matching contributions and additional employer contributions.
• Reimbursement for approved higher education pursuits.
• Employee wellness program and healthier-lifestyle resources.
• Corporate learning programs for professional development.
• Employee discounts on select cell phone providers, computers, and other items.
• Competitive pay.

What This Job Offers

• Job Type: Full-time