Portfolio Manager, Special Assets

4 days ago


Gainesville, Florida, United States Farm Credit of Florida Full time
Job Title: Portfolio Manager, Special Assets

We are seeking a highly skilled and experienced Portfolio Manager, Special Assets to join our Special Assets Team at Farm Credit of Florida.

Job Summary:

The successful candidate will be responsible for managing a loan portfolio of high-risk assets, working to appropriately manage risk, and improving the borrower's financial performance. This role requires strong negotiation skills, excellent customer contact skills, and a strong knowledge of commercial lending laws.

Key Responsibilities:
  • Evaluate an assigned loan portfolio for strengths and weaknesses, determining the appropriate strategies to increase and maintain the Association's overall credit quality.
  • Implement and execute strategies in an efficient and effective manner within the parameters set by applicable policies, procedures, and guidelines as directed by Senior Management.
  • Utilize negotiating skills to resolve problem cases prior to legal action when appropriate and in the best interest of the Association.
  • Comply with Borrower Rights and manage distressed assets in accordance with FCA and the Association regulations.
  • Coordinate and manage the assigned portfolio, in conjunction with Senior Management's guidance pertaining to the assigned portfolio.
  • Work to ensure timely resolution of foreclosures and bankruptcies to take possession of Association collateral and recover deficiencies in such a manner as to limit expenses and mitigate losses.
  • Ensure that proper and complete accounting records are maintained as prescribed by policy, procedure, and GAAP, including but not limited to Charge Off's, Specific Reserves, and Quarterly FASB 114 reporting.
Requirements:
  • Skilled and experienced in negotiating workout strategies, troubled debt restructuring, and ability to communicate effectively with borrowers.
  • Excellent customer contact skills.
  • Accounting skills are essential for credit analysis.
  • Strong knowledge of basic laws governing commercial lending (including the foreclosure process).
  • Capability of handling high-stress situations in a business and professional manner.
  • Ability to negotiate complex transactions.
Education and Experience:

A minimum of five (5) to seven (7) years of agricultural and/or commercial lending experience or related experience. Farm Credit experience is a plus.

Farm Credit of Florida is an Equal Opportunity Employer of women, minorities, protected veterans, and individuals with disabilities. Drug Free Workplace.



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