Tasa365 LLC ยท 1 week ago
Special Assets Department Manager
LA Metro Area
Full-time
Onsite
Director/Executive
$150K/yr - $170K/yr
10+ years expTasa365 LLC is a community bank organization seeking a Special Asset Department Manager in Los Angeles, CA. The role involves leading a team to manage distressed and non-performing loans, ensuring compliance, and maximizing recoveries while maintaining community-focused values.
Information Technology & Services
Responsibilities
Lead the Special Assets team in managing criticized and classified loans
Develop and execute strategies for loan workouts, restructures, and recoveries
Collaborate with legal counsel, credit officers, and external consultants on foreclosure, litigation, and asset disposition
Maintain detailed documentation and reporting for internal and regulatory purposes
Conduct regular portfolio reviews and risk assessments
Serve as a liaison with borrowers to negotiate repayment plans or settlements
Ensure compliance with banking regulations and internal credit policies
Qualification
Required
Bachelor's degree in Finance, Accounting, or related field
10+ years of experience in commercial lending, credit risk, or special assets
Strong knowledge of loan documentation, bankruptcy, and foreclosure processes
Excellent negotiation, analytical, and leadership skills
Familiarity with community banking values and customer relationship management
Experience with SBA loan programs and regulations
Proven track record in managing distressed SBA loans and asset recovery
Strong understanding of SBA loan documentation and compliance requirements
Ability to negotiate and restructure SBA loans effectively
Excellent analytical and problem-solving skills related to SBA
Preferred
Familiarity with legal proceedings related to loan enforcement and bankruptcy
Experience working with external legal counsel and asset recovery firms
Experience with The Universal Purchase Package (UPP) is a standardized document developed by the SBA to streamline the process for lenders requesting that the SBA honor its guaranty on 7(a) loans, regardless of loan size or program type
Experience working in a community bank or regional financial institution
Ability to balance risk management with customer service
Strong interpersonal skills and a collaborative mindset
Benefits
Comprehensive benefits package
Medical
Dental
Vision
Life Insurance
401k retirement savings plan
Paid federal holidays
Company
Tasa365 LLC
Our Business Services: TASA365 is a leading boutique firm specializing in Financial Services, Healthcare & Life Sciences, Technology, Global Supply Chain & Logistics, and Real Estate.
11-50 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase