Loan Workout Officer

JOB DESCRIPTION

We are seeking a Loan Workout Officer to join our team!

At AgGeorgia Farm Credit, we strive to build an inclusive team of employees and leverage our unique strengths. Become a part of our team today and grow with us! AgGeorgia Farm Credit prides itself to be a caring, family-oriented culture that promotes a positive work environment. If you are a highly motivated individual looking to serve the community you work in, check us out! The Loan Workout Officer will work with us at any of our locations across the state of Georgia.

The primary responsibility of the Loan Workout Officer is account management and resolution of distressed accounts via reduction of non-accrual loans in assigned Farm Credit branch offices. This includes resolution via restructure, litigation, bankruptcy, liquidation, and asset recovery. Provides non-accrual reporting as need via monthly department, quarterly account, and government guaranteed reports. Serves as a resource person to credit and lending staff in assigned branch offices. This employee must live AgGeorgia Farm Credit's Vision Statement, Core Values, and Mission Statement.

Account Management / Resolution :

Serves as Relationship Manager on assigned non-accrual loans to include managing the collections and all loan servicing activities on those accounts. Provides complete review in the areas of documentation, collateral, and repayment capacity to determine deficiencies in these areas and recommends solutions to resolve to fully performing status. Efficiently communicates and negotiates with borrowers to determine appropriate and timely restructuring of accounts.

Litigation Management :

Coordinates with Association legal counsel regarding all foreclosure and bankruptcy related litigation activities for assigned accounts. Maintains effective communication with legal counsel to ensure timely resolution of all bankruptcy, foreclosure, and other litigation matters.

Distressed Loan Restructuring / Borrower Rights :

Serves as a resource for Association credit and lending officers as it relates to the distressed loan restructure process to ensure that borrower rights are in compliance with FCA guidelines. Ensures internal procedures for distressed loan restructuring are effectively communicated to branch staff and all guidelines are met to provide appropriate accounting and documentation of Borrower Rights process.

Reporting :

Provide departmental and Association monthly and quarterly servicing, accounting, and board reporting updates as prescribed by policy, procedure, and generally accepted accounting principles (GAAP).

Skills / Qualifications :

• Education and / or experience equivalent to a Bachelor's degree in business, economics, finance, agriculture or related field.
• Minimum of five years of experience in commercial loan workout, collections, lending, or credit function for a financial services organization.
• Maintains a current awareness of economic developments and production technology affecting agriculture in Association territory.
• Knowledge of legal entity documents, loan agreements, and other legal documents related to non- performing loans.
• Demonstrated competencies required in credit administration, loan servicing, and portfolio management.
• Demonstrated computer proficiency and familiarity with financial databases and spreadsheet applications.
• Excellent written and verbal communication skills with ability to interact with a diverse mix of customers.

Benefits

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.