Banc of California · 19 hours ago
VP, Special Assets Manager
Santa Ana, California, United States
Full-time
Onsite
Mid, Senior Level
$40.38/hr - $67.55/hr
5+ years expBanc of California, Inc. is a bank holding company focused on providing banking services to small and middle-market businesses. The VP, Special Assets Manager is responsible for managing troubled and defaulted mortgage accounts, evaluating effective resolutions, and collaborating with various stakeholders to minimize risk and loss to the bank.
BankingFinanceFinancial Services
Responsibilities
Manages distressed mortgage accounts by analyzing least loss outcomes for the Bank on defaulted accounts (i.e. consumer loans, single-family loans, home equity lines of credit, business purpose loans, etc.)
Manages communications and creates relationships with subservicers, internal counsel, external counsel and other third-parties to investigate distressed mortgage accounts. Analyzes the information, formulates a mutually beneficial solution based on the complete facts and circumstances regarding the account and makes recommendations to executive management while maintaining a high degree of courtesy and professionalism with counterparties
Applies independent judgment and discretion when evaluating the distressed account; makes independent recommendations for potential resolutions
Works with internal and external counsel to manage mortgage accounts that have gone into litigation. Maintains reporting with status for tracking and reporting purposes
Creates reports including but not limited to accrual and loan risk grading, open items for all subservicers with follow dates, expected resolution dates, etc
Responsible for reviewing, ordering and reporting valuations for defaulted accounts
Performs special projects as determined by management. Examples could include involvement in loan sales or portfolio/bank acquisitions
Cross-trained in multiple functional areas within the department to provide support wherever and whenever needed in a dynamic, energetic and demanding environment
Broad understanding of residential, consumer and commercial loan foreclosure and default management processes, documentation and servicing
Documents department policies and procedures and ensure compliance management
Treat people with respect; keep commitments; inspire the trust of others; work ethically and with integrity; uphold organizational values; accept responsibility for own actions
Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; promotes working environment free of harassment of any type
Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values
Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct
Performs other duties and projects as assigned
Qualification
Required
Bachelor's degree in banking or a business related field
Minimum of 5 years of experience working in a similar role
Strong working knowledge of the Microsoft Office Suite
Effective organizational and time management skills
Exceptional oral, written and interpersonal communication skills with the ability to apply sound judgment to follow instructions, interpret documents, understand procedures, draft reports and correspondence, and communicate clearly with customers and employees
Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act), Fair Housing Act (FHA), Home Mortgage Disclosure Act (HMDA), Real Estate Settlement Procedures Act (RESPA), Fair Credit Reporting Act (FCRA), Bank Secrecy Act (BSA) in conjunction with the USA PATRIOT Act, Anti-Money Laundering (AML) and Customer Information Program (CIP), Right to Financial Privacy Act (RFPA, state and federal) and Community Reinvestment Act (CRA)
Ability to communicate ideas clearly and effectively
Ability to prepare detailed reports, manuals, or presentations for audiences outside of the immediate work area
Ability to interact with Senior Management as an advisor and serve as the organization's principal spokesperson within area of expertise
Ability to make decisions that have significant impact on the department's credibility, operations, and services
Ability to organize and prioritize both short-term and long-term work schedules
Ability to work independently with minimal supervision
Ability to travel 10% or more as needed
High School diploma or equivalent required
Preferred
Master's degree preferred
Benefits
You will be eligible to participate in the company’s 401k plan which includes a company match and immediate vesting.
We offer comprehensive insurance options including medical, dental, vision, AD&D, supplemental life, long-term disability, pre-tax Health Savings Account with employer contributions, and pre-tax Flexible Spending Account (FSA).
Banc of California partners with providers that offer adoption, surrogacy, and fertility assistance as well as paid parental leave and family support solutions including care options for your family.
Eligible team members receive paid vacation days, holidays, and volunteer time off.
To support career growth of our team members, we offer tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning, and more.
Company
Banc of California
Banc of California provides a full-service banking and home lending to individuals and their businesses and families.
1001-5000 employees
Funding
Current Stage
Public CompanyTotal Funding
$20MKey Investors
Patriot Financial Partners
2013-12-05Post Ipo Equity· $20M
2002-08-23IPO
Leadership Team
Ken McMullen
Treasurer
Recent News
2026-01-22
Benzinga.com
2026-01-07
2025-12-08
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