Special Assets Officer

Edmond, OK
Full Time
Mid Level

SPECIAL ASSETS OFFICER – TBD, Oklahoma

Hours: M – F (8am to 4:30pm)

Summary:   The Special Assets Officer leads and manages the Association’s portfolio of high-risk, delinquent, and non-performing assets.  Ensures effective resolution strategies that balance risk mitigation, regulatory compliance, and customer outcomes.  Provides oversight of distressed loan servicing, restructuring, litigation, and asset recovery processes.  Serves as the primary liaison across credit, legal, risk, and branch teams to ensure consistent execution of special asset strategies.

Position Responsibilities:
Special Asset Portfolio Management

  • Call and visit special credit customers and serve as primary borrower contact
  • Manage and resolve high-risk and non-accrual loan portfolios
  • Analyze borrower financials and determine appropriate classification (PD, LGD, accrual status)
  • Develop and execute restructuring, liquidation, or foreclosure strategies
  • Negotiate repayment terms with borrowers and represent the Association in mediations or legal proceedings
  • Maximize recovery and minimize loss on distressed assets
Risk Oversight & Credit Administration
  • Monitor credit quality and risk trends within the distressed portfolio
  • Recommend and review risk ratings and loan classifications, leading to improved timeliness, consistency, coordination and completeness of distressed loan identification
  • Determine and recommend a specific reserve and/or charge off through review and approval of NRV worksheets on individually evaluated loans
  • Ensure compliance with FCA regulations, borrower rights, and applicable lending laws
  • Review loan documentation to ensure enforceability and proper structure
  • Support allowance calculations and risk reporting
  • Ensure timely (i) review of and response to all Applications for Restructuring and Loss Mitigation requests, (ii) documentation and implementation of approved applications, and (iii) foreclosure or other liquidation of collateral for applications not approved
Branch & Organizational Support
  • Serve as subject matter expert on distressed loans and special asset management
  • Provide coaching and guidance to branch staff on restructuring, loss mitigation, and borrower rights
  • Back up credit underwriting team as workload allows
  • Collaborate with Credit, Legal, and Executive Leadership on special asset portfolio
  • Support Loan Committee presentations and credit decision processes
Compliance, Reporting & Audit Coordination
  • Ensure timely borrower notifications and regulatory compliance actions
  • Prepare and validate regulatory, board, and internal reports on high-risk assets
  • Maintain accurate documentation and audit-ready files for examinations
  • Coordinate with auditors, regulators, and internal stakeholders on inquiries and reviews
  • Prepare weekly summary report on status of special credits
  • Prepare board reports, review/propose revisions to existing credit policies and procedures, develop/propose new credit policies and procedures, and ensure compliance with policy/procedure and laws/regulations through ongoing coaching and training
  • Maintain loan servicing plans to ensure that plans address required aspects of Association’s loan servicing plan requirement guidance and FCA’s information memorandum
  • Lead least cost analysis in collaboration with regional VPs
  • Lead loan modification in collaboration with regional VPs
Legal & External Coordination
  • Serve as liaison with attorneys, courts, and external vendors
  • Track and manage litigation, bankruptcies, and foreclosure processes
  • Review legal invoices and ensure compliance with engagement terms
  • Coordinate collateral disposition, acquired property management, and recovery activities
Education 
  • Bachelor’s degree in Accounting, Finance, Agriculture or related field
  • 5-8 years of experience in lending, credit administration, special assets or other related field.
  • Collection experience preferred.
  • Or an equivalent combination of education and experience sufficient to perform the essential functions of the job
Oklahoma AgCredit offers a competitive compensation and benefits package, including:
  • Competitive base pay with an incentive plan
  • 401(k) Contribution 3%, Match 6%
  • Paid Vacation (15 days), Sick Leave (15 days) and Holidays (12 days)
  • Excellent medical, Dental, Vision, Life Insurance
  • Flexible Spending and Health Savings Accounts
  • Wellness program activities and rewards
  • Customer-Centric Environment
  • Opportunity to Give Back to Agriculture
Oklahoma AgCredit is an Equal Opportunity Employer dedicated to diversity in the workplace and offers a great work environment.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age (40 or older), disability, genetic information or protected veteran status.

Important note: We care about your hiring process and take it seriously. A real person will review your application, meaning response timelines may vary. The interviewing process at Oklahoma AgCredit may include emails, texts, phone calls, and on-site interviews. We cannot 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.

Share

Apply for this position

Required*
We've received your resume. Click here to update it.
Attach resume or Paste resume
Attach resume as .pdf, .doc, .docx, .odt, .txt, or .rtf (limit 5MB) or Paste resume

Paste your resume here or Attach resume file

To comply with government Equal Employment Opportunity and/or Affirmative Action reporting regulations, we are requesting (but NOT requiring) that you enter this personal data. This information will not be used in connection with any employment decisions, and will be used solely as permitted by state and federal law. Your voluntary cooperation would be appreciated. Learn more.
Invitation for Job Applicants to Self-Identify as a U.S. Veteran
  • A “disabled veteran” is one of the following:
    • a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or
    • a person who was discharged or released from active duty because of a service-connected disability.
  • A “recently separated veteran” means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.
  • An “active duty wartime or campaign badge veteran” means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.
  • An “Armed forces service medal veteran” means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.
Veteran status


Voluntary Self-Identification of Disability
Voluntary Self-Identification of Disability Form CC-305
OMB Control Number 1250-0005
Expires 05/31/2026
Why are you being asked to complete this form?

We are a federal contractor or subcontractor. The law requires us to provide equal employment opportunity to qualified people with disabilities. We have a goal of having at least 7% of our workers as people with disabilities. The law says we must measure our progress towards this goal. To do this, we must ask applicants and employees if they have a disability or have ever had one. People can become disabled, so we need to ask this question at least every five years.

Completing this form is voluntary, and we hope that you will choose to do so. Your answer is confidential. No one who makes hiring decisions will see it. Your decision to complete the form and your answer will not harm you in any way. If you want to learn more about the law or this form, visit the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) website at www.dol.gov/ofccp.

How do you know if you have a disability?

A disability is a condition that substantially limits one or more of your “major life activities.” If you have or have ever had such a condition, you are a person with a disability. Disabilities include, but are not limited to:

  • Alcohol or other substance use disorder (not currently using drugs illegally)
  • Autoimmune disorder, for example, lupus, fibromyalgia, rheumatoid arthritis, HIV/AIDS
  • Blind or low vision
  • Cancer (past or present)
  • Cardiovascular or heart disease
  • Celiac disease
  • Cerebral palsy
  • Deaf or serious difficulty hearing
  • Diabetes
  • Disfigurement, for example, disfigurement caused by burns, wounds, accidents, or congenital disorders
  • Epilepsy or other seizure disorder
  • Gastrointestinal disorders, for example, Crohn's Disease, irritable bowel syndrome
  • Intellectual or developmental disability
  • Mental health conditions, for example, depression, bipolar disorder, anxiety disorder, schizophrenia, PTSD
  • Missing limbs or partially missing limbs
  • Mobility impairment, benefiting from the use of a wheelchair, scooter, walker, leg brace(s) and/or other supports
  • Nervous system condition, for example, migraine headaches, Parkinson’s disease, multiple sclerosis (MS)
  • Neurodivergence, for example, attention-deficit/hyperactivity disorder (ADHD), autism spectrum disorder, dyslexia, dyspraxia, other learning disabilities
  • Partial or complete paralysis (any cause)
  • Pulmonary or respiratory conditions, for example, tuberculosis, asthma, emphysema
  • Short stature (dwarfism)
  • Traumatic brain injury
Please check one of the boxes below:

PUBLIC BURDEN STATEMENT: According to the Paperwork Reduction Act of 1995 no persons are required to respond to a collection of information unless such collection displays a valid OMB control number. This survey should take about 5 minutes to complete.

You must enter your name and date
Human Check*