Bank of Southern California · 2 months ago
Special Assets Portfolio Manager
Irvine,CA,US
Full-time
Onsite
Senior Level
$106K/yr - $131K/yr
7+ years expBank of Southern California is seeking a Special Assets Portfolio Manager responsible for managing a portfolio of stressed banking relationships to achieve loan rehabilitation or collection. The role involves executing strategies for loan workouts, restructuring, and collection while ensuring compliance with the Bank's credit and risk policies.
BankingCommercialFinanceFinancial Services
Responsibilities
Manage an assigned portfolio of criticized, classified, and non-performing commercial loans
Develop and execute individualized action and workout plans, including restructures, forbearances, repayment arrangements, or liquidation strategies
Conduct detailed financial and collateral analyses to assess repayment capacity and collateral adequacy
Recommend and implement charge-offs, reserve allocations, and loan risk rating adjustments
Prepare comprehensive credit memos, workout proposals, and presentations for internal approval committees
Managing the credit process; from time of approval and communicating with various involved groups to arranging for processing of details and changes into the Bank’s own internal systems
Negotiation, preparation and review of documentation related to transactions, such as loan documents, forbearance agreements, guarantees, and security documents
Responsible for the structuring of work out strategies, including negotiations with potential and existing clients
Under the direction of the Special Assets Department Manager the Portfolio Manager initiates, negotiates, and implements note sale strategies
Monitoring the ongoing business activities and financial performance of existing clients, including financial covenant monitoring
Manages commercial portfolio risk on an ongoing basis by monitoring customer creditworthiness, adherence to contract loan terms and general business conditions
Undertake analysis of industries and relevant peer groups to determine key industry drivers and how these affect individual market participants. Such analysis to be factored into client specific or industry wide credit reports
Maintain direct client contact with owners, borrower’s management, guarantors, etc., and close oversight of all loans in their assigned portfolio to achieve optimal resolution strategies
Oversee Collateral valuation such as ordering appraisals, assessing sufficient collateralization, determining shortfalls and corrective action plans to protect the Bank’s interest
Work with receivers, brokers, and asset managers to protect the Bank’s interests in distressed assets
Coordinate with external legal counsel on bankruptcy proceedings, foreclosures, litigation, and enforcement actions
Provide clear updates on loan status, risks, and recommendations to the Special Assets Department Manager and Credit Administration
Support regulatory examinations and audits related to non-performing distressed assets. Mentor Credit Analysts and more Junior Portfolio Managers
Demonstrate sound judgment and appropriate emotional intelligence in high-pressure work situations
Ensure all actions comply with OCC/FDIC/FRB regulations, loan policy, and best practices
Maintain accurate documentation, reporting, and loan files in support of regulatory and audit reviews
Maintain appropriate client records and an archive of client specific credit work
Qualification
Required
Highly professional credit and risk analysis skills
Ability to analyze complex financial statements, repayment capacity, and collateral valuations
Experience in designing and negotiating work out strategies
Professional presence
Able to communicate effectively with clients, consultants, lawyers, and internal bank partners
Expertise in financial and risk analysis and effective problem solving
Experience managing an advanced commercial client portfolio with a great deal of complexity
Demonstrated problem solving skills
Strong computer and organizational skills
Exhibit teamwork
Results oriented - demonstrated ability to accomplish objectives in a specified timeframe
Proficient in basic software applications such Microsoft Word and Excel
Excellent written and verbal communication skills, including the ability to prepare and present credit actions
Bachelor's degree or 7+ years of equivalent experience
Degree in Accounting, Finance or Economics preferred
Commercial credit experience in commercial banking or finance industry, loan workouts, or Special Assets experience in the banking industry
Strong knowledge of loan structures, collateral documentation, bankruptcy, foreclosure, and liquidation processes
Proven negotiation and conflict resolution skills
Company
Bank of Southern California
Bank of Southern California offers business banking and commercial lending services.
201-500 employees
Funding
Current Stage
Public CompanyTotal Funding
$93MKey Investors
Castle Creek Partners
2021-01-04Post Ipo Equity· $42M
2020-06-02Post Ipo Debt· $18M
2018-04-02Post Ipo Equity· $26M
Leadership Team
Jean Carandang
EVP, Chief Financial Officer
Pamela Isaacson
Executive Vice President/Chief Administrative Officer
Recent News
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