Special Assets Officer

Golden State Farm Credit•Chico, CA

22h•Onsite

About The Position

Golden State Farm Credit is seeking a Special Assets Officer to join their credit administration team in Chico, CA. This role involves applying deep credit expertise to resolve complex credit challenges and lead the recovery of distressed assets. The ideal candidate is a seasoned credit professional who thrives in complex, high-stakes situations and brings a balanced approach to risk management, problem-solving, and relationship management. The team at Golden State Farm Credit is united in their efforts to support rural communities and the agricultural industry. They offer a distinct work environment that fosters collaboration, promotes a customer-centric approach, rewards initiative, and provides engaging work through a variety of projects. They value teamwork, continuous learning, and the positive impact of their employees.

Requirements

Bachelor’s Degree in Business Administration, Ag Business, Economics, Finance, or a related field.
Minimum 5 years of experience in credit administration, agriculture or commercial lending, finance, or other related experience in the management of troubled loans and distressed asset workout and recovery.
Or an equivalent combination of education and experience sufficient to perform the essential functions of the job.
Strong knowledge in business development, credit extension, credit administration, and portfolio management procedures.
Demonstrated proficiency in credit analysis and regulatory requirements with respect to borrower’s rights.
Solid understanding of accounting, finance, and agricultural finance.
Functional knowledge of laws governing commercial lending (including the foreclosure process).
Comprehensive understanding of business, credit extension and administration, and legal issues related to borrower rights, RESPA, foreclosure, repossession, and bankruptcy is also necessary.
Working knowledge of Association policies and procedures.
Working knowledge of accounting, finance, and agricultural finance.
Highly skilled in negotiating workout strategies, troubled debt restructuring and ability to communicate effectively with the borrowers.
Skill in serving and working effectively with both external and internal customers in a professional, respectful manner.
Excellent skills in judgment, decisiveness, and analysis and ability to appropriately respond and react quickly as situations dictate.
Skill in utilizing time in an efficient and effective manner.
Ability to communicate complicated information, delivering bad news, and negotiating complex agreements effectively to achieve the best outcome for the Association.
Ability to identify and organize resources in a systematic way to prioritize fluctuating workloads, optimize efficiency, and ensure achievement of Association goals.
Oral and written communication skills sufficient to discuss a variety of job-related topics, and to effectively communicate complex topics to a variety of audiences.

Responsibilities

Actively monitors and manages troubled loans, developing and executing strategies to mitigate risk and maximize recovery outcomes.
Provides specialized support to enhance retention and improve outcomes for distressed or assigned accounts.
Communicate regularly with borrowers to assess their financial situation and negotiate repayment plans.
Obtains and analyzes sufficient borrower information to service, classify assets, monitor loan compliance, manage litigation, and/or resolve delinquencies that exist in the portfolio.
Develop detailed loan servicing plans with actions steps and timelines to restore loans to performing status or move out of the portfolio.
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.
May conduct site visits and inspections to assess collateral and property conditions.
Conduct thorough analysis of total loan portfolio to identify potential risks and develop appropriate action plans.
Analyze loan documentation, collateral, and financial condition.
Prepare quarterly reserve analysis and reporting.
Prepare and present reports on the status of troubled loans to senior management.
Comply and stay informed on regulatory requirements and Borrower Rights for distressed assets in accordance with FCA and the Association regulations.
Maintain accurate and organized documentation of all actions and communications related to troubled loans.
Partners with internal teams, peer Associations, legal counsel, borrowers, and other stakeholders to drive timely and accurate resolution of troubled loans.
Develops and maintains positive relationships with lending team and capital markets teams.
Works to assess and improve the relationship between the field and the credit function to enhance the customer experience when obtaining a loan or loan servicing action.
Cultivates a network of internal and external relationships that strengthens the Association’s image and creates opportunities for continuous learning and professional development.
Builds and maintains effective working relationships across the Association.
Appropriately protects the confidentiality, security, and integrity of the Association’s systems and data and clients’ data.
Understands, applies, and supports the Association mission and vision statement in a positive, professional manner at work and with customers in all settings.