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First Northern Bank · 1 month ago

VP/Portfolio Manager - Special Assets

Sacramento, CA

Full-time

Onsite

Senior Level, Lead/Staff

$150K/yr - $160K/yr

10+ years exp

First Northern Bank is seeking a VP/Portfolio Manager to oversee the monitoring and risk assessment of a diverse portfolio of credits. The role involves managing loans, providing recommendations to minimize risk, and ensuring compliance with banking regulations.

BankingFinancial Services

Responsibilities

Manage a portfolio (collect, analyze, spread, underwrite, review documentation, etc.) of assigned loans to minimize delinquency and charge-offs

Manage a portfolio of Shared National Credits; provide ongoing monitoring as well as recommendations that align with Bank strategy

Make recommendations to improve likelihood of repayment and minimize risk of loss to the Bank

Monitor adherence to the terms of approved repayment agreements

Assist in the disposal of repossessed assets in an efficient and timely manner

Ensure the risk rating, accrual status and loan loss provisions of the assigned portfolio accurately reflect the risk of those assets; ensure that charge-offs are recommended on a timely basis

Assist with bankruptcy and foreclosure processes as necessary

Communicate and attend meetings with Senior Leadership and Loan Officers as required

Provide quality and timely reporting, or responses to inquiries, as required

Maintain current knowledge of all laws, regulations, and rulings concerning insolvency, bankruptcy, etc

Complete all mandatory training in a timely manner as instructed

Comply with all applicable banking compliance rules and regulations established by both internal departments and external agencies

Qualification

Commercial banking experienceFinancial analysisRisk assessmentAbrigoAdvanced Microsoft ExcelAnalytical skillsJudgmentDiscretionCompliance knowledgeCommunication skillsProblem-solving skillsAttention to detailInitiative

Required

High school diploma or GED required

Minimum of 10 years' experience in commercial banking/special assets with knowledge of both commercial and consumer lending, collection guidelines and compliance requirements required