Special Assets Officer

CoBank•Minneapolis, MN

2d•$89,600 - $110,160•Hybrid

About The Position

Conducts routine credit investigations following established methods, prepares and presents credit reports to senior staff or committee, and assists with account servicing, credit administration, and documentation. Collaborates with Special Assets Officers on shared strategic CoBank clients and coordinates complex account servicing with Farm Credit System Partners. Supports management and staff through research and statistical analysis and carries out collection and portfolio management duties in line with Farm Credit Leasing (FCL) and Farm Credit Administration (FCA) policies and regulations.

Requirements

Bachelor's Degree in business, finance, or relevant discipline preferred
5 years of commercial collection and account workout experience. required
5 years of relevant experience in banking or finance, preferable in credit. required
Microsoft Excel- Intermediate required.

Responsibilities

Collects, maintains and manages receivables on assigned accounts.
Responds to questions from customers and associates pertaining to invoices, contractual terms, restructures, extensions and payments on complex accounts.
Manages control over assigned accounts, monitoring for payment progress, developing problems, trends, and compliance with covenants.
Provides relevant and timely information to internal stakeholders including account officers, relationship managers, credit staff, and portfolio management staff.
Manages all activities associated with assigned non-performing accounts within established standards and delegations, including restructures, repossessions, litigation and bankruptcy.
Assists with credit administration, account servicing, development, packaging, closing, documentation, and monitoring.
Assists management in the preparation of internal research and analysis, provides statistical reports, and verifies information.
Prepares and delivers presentations on topics as assigned.
Develops and utilizes computerized spreadsheets, programs, and other automated tools for credit analysis, special projects.

Benefits

Time-Off Packages, 15 days of vacation, 10 paid sick days and 11 paid holidays
Competitive Compensation & Incentive
Hybrid work model: flexible arrangements for most positions
Benefits Packages, including Medical, Dental and Vision coverage, Disability, AD&D, and Life Insurance
Robust associate training and development with CoBank University
Tuition reimbursement for higher education up to $10k per year
Outstanding 401k: up to 6% matching and additional 3% non-elective contribution & Student Loan Match
Community Impact: United Way Angel Day, Volunteer Day and Associate Directed Contribution
Associate Resource Groups: creating a culture of respect and inclusion
Recognize a fellow associate through our GEM awards