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California Bank of Commerce · 2 days ago

Special Assets Portfolio Manager

Irvine, CA

Full-time

Onsite

Mid, Senior Level

$106K/yr - $131K/yr

7+ years exp

California Bank of Commerce is seeking a Special Assets Portfolio Manager to manage a portfolio of stressed banking relationships aimed at loan rehabilitation or collection. The role involves executing loan workout strategies, conducting financial analysis, and collaborating with various stakeholders to minimize loss exposure and maximize recoveries for the bank.

BankingFinanceFinancial 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

CreditRisk analysisFinancial statement analysisNegotiation skillsCommercial credit experienceLoan workout strategiesProblem solving skillsProficient in Microsoft OfficeTeamworkCommunication skillsOrganizational skills