INTERNAL Senior Loan Workout Officer

alabamaagcredit; Sargodha Division; On-site; PKR 18,031,000 - 24,965,000; Full time

Job summary

Alabama Ag Credit seeks a finance professional to join its agricultural lending team. This role works with experienced staff to execute plans for collection, asset reduction, and the disposition of acquired property, under guidance.

You will learn to coordinate with legal counsel, appraisers, management, and external resources, and to evaluate private-treaty offers and loans, while ensuring FCA compliance. Extensive travel is required.

Location of the position is TBD; AA/EOE/M/F/D/V.

Qualifications

• Bachelor’s degree in Finance, Business Administration, or related field, or equivalent experience and five (5)+ years of banking/agricultural lending experience.
• Strong work ethic with the ability to work under minimal supervision.
• Proven success record in outside sales.

Responsibilities

• Learn processes for collection and reduction of Special Assets.
• Coordinate with counsel, appraisers, management, and other resources.
• Develop knowledge of minimum auction reserves, foreclosure bids, and disposition of Acquired Property.

Skills

Outside sales

Analytical skills

Oral/written communication

Accounting principles

Financial analysis

Education

Bachelor’s degree in Finance or Business Administration

Tools

Microsoft Office

Job description

Company Profile:

Alabama Ag Credit is a financial institution that provides financing for agriculture, agribusiness and rural real estate purchases and improvements. The institution is headquartered in Montgomery, Alabama, with ten offices that service the lower 40 counties of Alabama. With over $1.5 billion in assets, the institution is a cooperative and part of the nationwide Farm Credit System.

Qualifications:

Bachelor’s degree in Finance, Business Administration, or a related field, or equivalent experience and five (5) or more years of progressively responsible banking or related agricultural lending experience. Strong work ethic with the ability to work under minimal supervision. Proven success record in outside sales. Knowledgeable in accounting/financial systems and principles. Intermediate knowledge of Microsoft Office applications. Advanced analytical skills and oral/written communication.

Essential Functions:

Works alongside experienced lending staff and Special Assets personnel to learn the processes used to execute action plans for the collection and reduction of Special Assets. Assists in working with legal counsel, appraisers, management, and other internal and external resources involved in these activities. Learns to develop and evaluate recommendations related to minimum auction reserves, foreclosure bids, and the disposition of Acquired Property. Participates in negotiations with debtors and prospective buyers under appropriate guidance to develop an understanding of lending and purchasing objectives. Works with and learns to coordinate collection agents, appraisers, service contractors, commission agents/brokers, and other resources, as required, to accomplish defined objectives. Assists with the review and evaluation of private-treaty offers, sales contracts, and other proposed dispositions of Acquired Property and learns the appropriate approval and recommendation processes. Develops knowledge of and works to ensure compliance with FCA regulations, including borrower rights provisions. Extensive travel is required.

At the discretion of Alabama Ag Credit, position may be offered at alternate titles and other business experience may be considered relevant.

LOCATION of position: TBD

AA/EOE/M/F/D/V