Farm Credit Bank of Texas · 3 months ago
Special Assets Officer
Austin, TX, United States
Full-time
Hybrid
Senior Level, Lead/Staff
10+ years expFarm Credit Bank of Texas is a wholesale bank dedicated to financing agriculture and rural America for over 100 years. The Special Assets Officer is responsible for managing the bank’s problem loan asset portfolio, aiming to minimize loan losses and maintain compliance with regulatory requirements. This role involves analyzing troubled loans, developing strategies for risk mitigation, and collaborating with various stakeholders to resolve credit issues.
AgricultureBankingCrowdfundingFinance
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
Qualification
Required
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
At least seven or more (7+) years' experience in the management of troubled loans and distressed asset workout and recovery
Deep understanding of credit analysis
Strong analytical and problem-solving skills
Knowledge of bankruptcy laws and related legal proceedings
Strong oral, written communication, and negotiation skills
Preferred
Lives within a commutable distance from the office
Appreciates the value of hybrid work design
Benefits
Flexible health-and-wellness benefits, including medical insurance, prescription drug coverage, dental insurance, vision care, flexible spending accounts, and more.
401(k) plan that includes immediate vesting of a generous employer match and additional employer contribution
Long-term disability and life insurance
Vacation leave, sick leave, and paid holidays
Fertility benefit and parental leave plan
Up to two days per year to volunteer in local community organizations, services, or events
Ongoing professional-development opportunities
Generous tuition-reimbursement program
Physical fitness incentive plan
Employer matching gifts program
Company
Farm Credit Bank of Texas
Farm Credit Bank of Texas is a banking firm providing financial services to agriculture and rural sector.
201-500 employees
H1B Sponsorship
Farm Credit Bank of Texas has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (9)
2024 (5)
2023 (7)
2022 (12)
2021 (3)
2020 (3)
Funding
Current Stage
Growth StageLeadership Team
Amie Pala
CEO
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