Assistant Manager, C&I Special Assets

Fremont Bancorporation•Livermore, CA

About The Position

Fremont Bank — one of the Bay Area’s most respected and long-standing financial institutions — is seeking a strategic, hands-on professional to join and help advance our Commercial Special Assets team. This is a high-impact opportunity to contribute to the success of a mission-driven organization committed to excellence, community service, and strong client relationships. If you're energized by purpose-driven work, collaboration, and delivering meaningful results, we’d love to connect. Founded in 1964, Fremont Bank is one of the oldest independently owned banks in the Bay Area and has been consistently recognized as a Top Workplace for the past 15 consecutive years. Our foundation is built on relationships — with our clients, our associates, and our communities. We offer: A people-first culture grounded in inclusion and excellence Deep community involvement and local reinvestment A mission-driven workplace where values and performance go hand in hand The Fremont Bank Way Full-Service Banking with comprehensive financial solutions, advanced technology, and exceptional service No-Compromise Approach — we help clients get to "yes" Core Values: o Go above and beyond for clients o Foster a supportive and empowering environment for associates o Deeply invest in the well-being of our local community Position Overview As the Assistant Manager, C&I Special Assets you will support the restructuring of distressed borrower relationships and adversely graded loans within the Bank’s portfolio. This includes secured and unsecured commercial loans, land and construction loans, income property loans, and private banking lines. Key responsibilities include underwriting and managing classified loan relationships, collaborating with the SAD Credit Analyst on monthly and quarterly reporting, and contributing to the department’s goal of reducing classified assets and minimizing loan losses. You’ll ensure compliance with all relevant laws, regulations, and internal lending policies. This role involves detailed financial analysis, including cash flow assessments and impairment evaluations, and requires both independent and team-based work to meet departmental and organizational objectives.

Requirements

Bachelor’s Degree (Finance or Accounting preferred) or 5 years equivalent experience in workouts
Three years plus of experience in loan workout of C&I and CRE
Strong understanding of and experience in commercial loan underwriting, structuring, approval and documentation
Knowledge of the Fair Debt Collection Protection Act
Ability to use understanding of business and other economic issues to logically assess and analyze the potential risks of problem credits for efficient resolution
Analytical skills, including strong problem-solving and critical thinking
Clear communicator who can respond clearly and persuasively in all situations
Original thinker who brings creativity to dealing with work problems and opportunities, meeting challenges with resourcefulness
Ability to work in a fast-paced, challenging environment and deliver on time, accurate work
Advanced Microsoft Excel skills and competence using Outlook, Word, and PowerPoint
Understanding of Global Cash Flow, business financial statements, and spreading software
Must be flexible with schedule, including weekends and holidays, to ensure work completion as determined by business needs.
Ability to complete typing and numerical entries repetitively, and using a computer for extended periods of time.

Nice To Haves

SBA operations and lending experience is desirable
Knowledge of the Bay Area industries and real estate market preferred

Responsibilities

Assist with special projects such as annual loan monitoring, Credit Review and/or Audit Request as needed
Manage a portfolio of criticized and classified loans as assigned, to minimize delinquency and charge-offs
Meet with problem loan customers to evaluate the severity of the problem and develop recommendations to improve the likelihood of repayment and minimize risk of loss to the Bank
Obtain, manage, and dispose 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 downgrades and/or charge-offs are recommended on a timely basis.
Provide guidance regarding the early identification, evaluation of and potential strategies for deteriorating loan situations to lending staff on smaller, non-complex business purpose credits not formally assigned to Special Assets to minimize losses and maximize recoveries
Negotiate with debtors or their representatives to secure repayment agreements and monitor adherence to the terms of approved repayment agreements. After overseeing the negotiation process, submit modifications and/or recommendations for approval to the appropriate committee.
Assist with special projects such as annual loan monitoring, Credit Review and/or Audit Request as needed
Provides quality and timely analysis and reporting, as required