VICE PRESIDENT, TEAM LEADER
SPECIAL ASSETS
Join Our Team as Vice President, Team Leader Special Assets!
Why FCS Financial? Ever dreamed of being part of an organization with deep roots in agriculture and the community? For over 100 years, as part of the Farm Credit System, we've been supporting agriculture and rural communities in Missouri. If you are a strategic thinker with a passion for solving complex financial challenges and you have the ability to make strong decisions that directly impact organizations success, act now and apply for this Team Leader Special Assets opportunity!
About the Role: As the VP, Team Leader, Special Assets, you will be at the forefront of managing distressed loan accounts, leading a high performing team, and shaping strategies that protect the Association while delivering exceptional customer experiences. This is a high impact role where your leadership, financial acumen, and legal insight will drive meaningful results.
What We Offer:
- Competitive Salary: $122,000 - $190,000
- Top-Notch Benefits: Health, dental, and vision, plus a standout 401(k) plan
- Flexible Work Environment: A combination of hybrid and in-office work arrangements will be considered for candidates within FCS Financial's Loan Servicing Area
- Location: Preferred Office location is Jefferson City however location is flexible depending on the qualifications and needs of the candidate.
What You Need
- Education: Bachelor's degree in Business, Finance, Ag Economics, or related field
- Experience: 5+ years of relevant experience, including 3+ years in a leadership role,
- Knowledge: Deep understanding of lending, credit, and legal recovery process. Strong negotiation, communication, and analytical skills. Knowledge of real estate and chattel laws, UCC, bankruptcy and litigation.
This position is open until filled.
This position is located in Jefferson City, MO or Columbia, MO
Flexible work hours will be considered after the initial training period is complete and based off the candidates' qualifications and needs.
This position is classified as Exempt under the Fair Labor Standards Act.
Department: Risk Management
Reports To: Chief Risk Officer
Job Functions*
| Percentage | Job Functions |
| 25% | Leadership and Staff Management - Lead, coach, and develop the Resource Team
- Assign accounts and responsibilities; monitor and manage progress, workloads, and overall resource allocation
- Coordinate monthly and quarterly reporting
- Identify training needs and lead training sessions for the Resource Team and the Association
|
| 45% | Risk Mitigation - Determine strategies for problem loans to minimize loss and protect the Association
- Directly manage and/or make decisions for large, complex problem accounts, ensuring strategies deliver the greatest benefit and least cost to the association
- Approve or deny borrower restructuring applications based on least-cost analysis
- Negotiate workout/restructuring terms directly or through staff/legal counsel
- Oversee Borrower Rights compliance and loss mitigation reporting
- Collaborate with Resource Team and other Association Staff on distressed accounts to proactively structure the relationship to minimize the risk of loss on individual loans, enhance the customer experience as well as minimize marketplace reputation risk for the Association
- Collaborate with Resource Team and other Association Staff on risk identification and mitigation strategies
- Collaborate with lead lenders on adversely classified participation accounts to protect interests of Association.
- Determine loan asset values, specific allowances, charge-offs, accrual status, and accounting treatment for modifications
- Work with legal counsel on legal actions to be taken on accounts, including foreclosures, bankruptcies, lender liability exposures, probate cases and other litigation/legal issues
|
| 20% | Risk Assessment - Prepare Loan Service Plans on adverse accounts
- Conduct case reviews to identify risk factors and recommend mitigation strategies
- Determines loan classification - Probability of Default (PD), Loss Given Default (LGD) and accrual/non-accrual status
- Evaluate collateral values and recovery potential
|
| 10% | Acquired Properties - Manage acquired properties for timely disposition while minimizing losses
- Inspect properties, review appraisals, set listing and sale prices
- Coordinate sales with local realtors and auctioneers
|
| n/a | Other duties as assigned to meet the needs of the organization. |
*Essential Functions for this position consist of all items listed under any category that make up 5% or more of the job duties. This job description is subject to change without notice.
Minimum Qualifications
- Bachelor's degree in Business, Finance, Ag Economics or a related field
- 5 years of related experience
- 3 years of supervisory experience
- Or an equivalent combination of education and experience sufficient to perform the essential functions of the job
- Good understanding of legal issues and agriculture
Required Knowledge and Skills
- Expert knowledge of lending and credit management
- Strong negotiation and communication skills
- Ability to work effectively on teams by building strong relationships, listening to others, valuing opinions, and helping team to meet goals
- Working knowledge of FSA guarantee programs
- Legal recovery is a large part of this job and a sound working knowledge of real estate and chattel laws, UCC, bankruptcy and other litigation is required
- Ability to reason, judge, compare, evaluate and critique such information as written materials, numerical data, responses to customer needs and/or other work-related activities
- Ability to manage multiple tasks and meet deadlines
- Skill in utilizing Word/Excel/PowerPoint/Outlook to increase efficiency and effectiveness
- Responsible to appropriately protect the confidentiality, security, and integrity of the Association's systems and data and clients' data
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