Special Assets Portfolio Manager

California Bank of Commerce, N.A.•Irvine, CA

54d•$106,000 - $131,000

About The Position

The Special Assets Portfolio Manager is directly accountable for managing a portfolio consisting of assigned stressed banking relationships with the goal of loan rehabilitation or collection. This position executes loan workout, restructuring, collection, and liquidation strategies to minimize loss exposure and maximize recoveries for the Bank. The Special Assets PM is responsible for reviewing financial statements, proactive monitoring and interaction with Credit Analysts and Relationship Managers of loans with early warning signals still managed by the business units. Make recommendations on appropriate credit structures, pricing and make certain that workout strategies are consistent with the Bank’s credit and risk policy. Responsible for completion of approval memos, Loan Strategy Reports, determining and preparing Risk Grade Changes, Accrual status and Impairments for the Special Assets Department Manager approval. The Portfolio Manager works closely with borrowers, attorneys, appraisers, receivers, and other third parties to resolve problem credits in compliance with Bank policy, regulatory requirements, and prudent credit administration practices.

Requirements

Highly professional credit and risk analysis skills. Ability to analyze complex financial statements, repayment capacity, and collateral valuations.
Experience in designing and negotiating work out strategies.
Professional presence. Able to communicate effectively with clients, consultants, lawyers, and internal bank partners.
Expertise in financial and risk analysis and effective problem solving.
Experience managing an advanced commercial client portfolio with a great deal of complexity.
Demonstrated problem solving skills.
Strong computer and organizational skills.
Exhibit teamwork.
Results oriented - demonstrated ability to accomplish objectives in a specified timeframe.
Proficient in basic software applications such Microsoft Word and Excel.
Excellent written and verbal communication skills, including the ability to prepare and present credit actions.
Bachelor’s degree or 7+ years of equivalent experience. Degree in Accounting, Finance or Economics preferred.
Commercial credit experience in commercial banking or finance industry, loan workouts, or Special Assets experience in the banking industry. Strong knowledge of loan structures, collateral documentation, bankruptcy, foreclosure, and liquidation processes.
Proven negotiation and conflict resolution skills.

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.