Special Assets Officer

Oklahoma AgCredit•Edmond, OK

1d•Onsite

About The Position

The Special Assets Officer leads and manages the Association’s portfolio of high-risk, delinquent, and non-performing assets. Ensures effective resolution strategies that balance risk mitigation, regulatory compliance, and customer outcomes. Provides oversight of distressed loan servicing, restructuring, litigation, and asset recovery processes. Serves as the primary liaison across credit, legal, risk, and branch teams to ensure consistent execution of special asset strategies.

Requirements

Bachelor’s degree in Accounting, Finance, Agriculture or related field
5-8 years of experience in lending, credit administration, special assets or other related field.
Or an equivalent combination of education and experience sufficient to perform the essential functions of the job

Nice To Haves

Collection experience preferred.

Responsibilities

Call and visit special credit customers and serve as primary borrower contact
Manage and resolve high-risk and non-accrual loan portfolios
Analyze borrower financials and determine appropriate classification (PD, LGD, accrual status)
Develop and execute restructuring, liquidation, or foreclosure strategies
Negotiate repayment terms with borrowers and represent the Association in mediations or legal proceedings
Maximize recovery and minimize loss on distressed assets
Monitor credit quality and risk trends within the distressed portfolio
Recommend and review risk ratings and loan classifications, leading to improved timeliness, consistency, coordination and completeness of distressed loan identification
Determine and recommend a specific reserve and/or charge off through review and approval of NRV worksheets on individually evaluated loans
Ensure compliance with FCA regulations, borrower rights, and applicable lending laws
Review loan documentation to ensure enforceability and proper structure
Support allowance calculations and risk reporting
Ensure timely (i) review of and response to all Applications for Restructuring and Loss Mitigation requests, (ii) documentation and implementation of approved applications, and (iii) foreclosure or other liquidation of collateral for applications not approved
Serve as subject matter expert on distressed loans and special asset management
Provide coaching and guidance to branch staff on restructuring, loss mitigation, and borrower rights
Back up credit underwriting team as workload allows
Collaborate with Credit, Legal, and Executive Leadership on special asset portfolio
Support Loan Committee presentations and credit decision processes
Ensure timely borrower notifications and regulatory compliance actions
Prepare and validate regulatory, board, and internal reports on high-risk assets
Maintain accurate documentation and audit-ready files for examinations
Coordinate with auditors, regulators, and internal stakeholders on inquiries and reviews
Prepare weekly summary report on status of special credits
Prepare board reports, review/propose revisions to existing credit policies and procedures, develop/propose new credit policies and procedures, and ensure compliance with policy/procedure and laws/regulations through ongoing coaching and training
Maintain loan servicing plans to ensure that plans address required aspects of Association’s loan servicing plan requirement guidance and FCA’s information memorandum
Lead least cost analysis in collaboration with regional VPs
Lead loan modification in collaboration with regional VPs
Serve as liaison with attorneys, courts, and external vendors
Track and manage litigation, bankruptcies, and foreclosure processes
Review legal invoices and ensure compliance with engagement terms
Coordinate collateral disposition, acquired property management, and recovery activities