Special Assets Officer

JOB DESCRIPTION

Who we are :

Farm Credit Bank of Texas is a $40.9 billion wholesale bank that has been financing agriculture and rural America for over 100 years. Headquartered in Austin, Texas, we provide funding and services to rural lending associations in five states, and we are active in the nation's capital markets.

While you may not be familiar with our name, Farm Credit Bank of Texas plays a critical role in supporting the businesses that make it possible for America to maintain access to an affordable and safe food supply, an industry which is one of the most innovative and evolving of our time. And while you help us deliver on our mission, we deliver on our commitment to you as a valued employee by providing competitive compensation, generous health and wellness benefits packages and an attractive workplace located along the bluffs of the Colorado River just minutes west of downtown Austin.

We seek out top talent in their fields, whether it be technology, finance, accounting, credit, human resources, or other administrative functions, and welcome you to join us in our mission to feed the world.

Position Description :

The Special Assets Officer is responsible for managing the bank's problem loan asset portfolio with the goal of minimizing loan losses, reducing nonperforming assets and maintaining compliance with bank and regulatory requirements. The Special Asset Officer must have the ability to assess, analyze and recommend the best course of action in difficult credit situations. The incumbent will work with Senior Management, legal counsel, peer banks, and clients to resolve troubled loans

Day-to Day-Duties and Responsibilities :

• Monitor and manage troubled loans within the bank's portfolio and develop and implement strategies to mitigate risk and maximize recovery.
• Effectively analyze assigned loan portfolio, including loan documentation review, collateral evaluation, and financial condition assessment.
• Complete reporting, including quarterly reserve analysis on assigned portfolio.
• Prepare and present reports on the status of troubled loans to senior management.
• Conduct thorough analysis of total loan portfolio to identify potential risks and develop appropriate action plans.
• Collaborates with administrative agents, peer banks, outside legal counsel, the client, and other parties as needed to ensure timely and accurate resolution of troubled loans.
• Communicate and collaborate with sub participants.
• Represent the bank in legal proceedings and negotiations related to troubled loans.
• Communicate regularly with borrowers to assess their financial situation and negotiate repayment plans.
• Conduct site visits and inspections to assess collateral and property conditions.
• Stay informed on industry and regulatory guidelines related to special assets management, particularly related to Farm Credit requirements.
• Maintain accurate and organized documentation of all actions and communications related to troubled loans.
• Continuously evaluate and improve processes and procedures related to special assets management.
• Negotiate with borrowers and others in a manner consistent with overall strategy while maintaining objectivity and professionalism.

What You Bring to the Team :

Our ideal candidate lives within a commutable distance from our office and appreciates the value of hybrid work design.

It's an important role that covers many skills. This position requires :

Bachelor's degree in finance, business administration or other related business field or commensurate experience. Ten or more (10+) years' experience in all facets of lending including the marketing, extension, administration, and analysis of commercial credit with at least seven or more (7+) years' experience in the management of troubled loans and distressed asset workout and recovery. This role requires a deep understanding of credit analysis, with strong analytical and problem-solving skills, and a knowledge of bankruptcy laws and related legal proceedings; as well as strong oral, written communication, and negotiation skills.

Why Farm Credit Bank of Texas :

In addition to a competitive salary, we offer comprehensive, affordable, and competitive benefit options that are focused on health and wellness, financial security, and achieving a work-life balance :

Important note : We care about your hiring process and take it seriously. A real person will review your applications, meaning response timelines may vary. The interviewing process at Farm Credit Bank of Texas may include phone calls and emails, on-site interviews, and requests for portfolios or demonstrations of work. We can't personally follow-up with each applicant, and we will do our best to create a professional, respectful, and thorough process for candidates with whom we identify as a potential fit.

A / EOE / M / F / D / V

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