Special Assets Officer

As the Special Assets Officer II, you will manage a complex portfolio of criticized, non-performing, and high-risk agricultural and commercial credit relationships. This senior-level role is responsible for developing workout strategies that minimize losses, maximize recoveries, and ensure compliance with regulatory standards and internal loan policy.

In this role, you will independently manage complex agricultural and commercial workout situations involving farm operations, agribusinesses, commercial enterprises, and commercial real estate relationships. You will evaluate borrower viability, analyze financial performance and collateral positions, and develop strategies that may include restructures, repayment plans, settlements, or liquidation actions.

You will perform detailed financial and collateral analysis using borrower financial statements, tax returns, cash flow analysis, and appraisals while preparing credit memorandums, impairment analyses, risk rating recommendations, and workout strategies for leadership and Credit Committee review. You will also coordinate with legal counsel on foreclosure actions, bankruptcies, settlements, and other recovery efforts while overseeing collateral liquidation and management of OREO and OPP assets.

As a senior member of the Special Assets team, you will serve as a technical resource to colleagues and lending staff, assist with the transition of problem credits, and support proactive risk management efforts. This position also serves as the primary backup to the Problem Loan Specialist for key reporting and CECL-related responsibilities.

To be successful in this position, you will be a highly analytical and strategic banking professional with strong experience managing complex agricultural and commercial credit relationships. You will demonstrate sound judgment, strong negotiation skills, and the ability to work independently in sensitive and challenging situations. Your ability to communicate effectively, collaborate across teams, and develop practical workout solutions will contribute to the continued strength and stability of BND’s loan portfolio.

To be considered for this position, you must have a bachelor’s degree in finance, accounting, business administration, agricultural economics, or a related field and a minimum of 10 years of overall banking experience, which may include commercial or agricultural credit analysis, business banking, or related experience. A minimum of five years of experience in special assets, agricultural lending workouts, or commercial credit workouts within a banking environment is required. Candidates must possess strong knowledge of lending structures, collateral analysis, repayment sources, and regulatory expectations. Experience with farm operations, agribusiness lending, USDA/FSA guarantees, commercial collateral structures, lien perfection, and regulatory examinations is preferred.

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Please attach a resume to your electronic application. All application material must be received by 11:59 PM Central Standard Time (CST) on the closing date. Application form and resume should demonstrate the knowledge, skills, and abilities that are needed to meet the minimum qualifications for this position. Application materials will be scored based on a 100-point job related personnel system. Applications should include information which directly addresses how the applicant meets the minimum qualifications and summary of work. It is very important to be thorough and detailed on all your application materials.

Applicants who experience technical difficulties during the application process should contact recruiter@nd.gov or (701) 328-3290. If accommodations or assistance is needed in the application or interview process, please contact Mallory Green at mallgreen@nd.gov (701) 328-6573 or TTY users may use Relay North Dakota at 711 or (800) 366-6888.

Notice to prospective employees that the Bank of North Dakota complies with the U.S. Dept. of Labor Family and Medical Leave Act (FMLA); and all information contained within, at US Department of Labor FMLA.

A credit, state and federal background check will be conducted on the final candidate.

The State of North Dakota and this hiring agency do not discriminate on the basis of race, color, national origin, sex (including sexual orientation and gender identity), genetics, religion, age or disability in employment or the provisions of services and complies with the provisions of the North Dakota Human Rights Act.

As an employer, the State of North Dakota prohibits smoking in all places of state employment in accordance with N.D.C.C. § 23-12-10.