VP, Special Assets Manager (C&I)

Axos Bank • San Diego, CA

82d • $90,000 - $110,000

About The Position

If you're looking for a career in fintech with a company that embraces innovation and employee development, Axos Bank might be a great fit! The VP, Special Assets Manager assists with management and oversight of the Commercial Special Asset portfolio to mitigate credit losses and other risk exposures. The position provides training and mentoring to junior level analysts while working alongside the Chief Credit Officer and Director of Special Assets.

Requirements

• Bachelor's degree in finance, accounting, or relevant focus.
• 5+ years of experience in C&I special assets, credit risk, and/or portfolio management.
• Commercial Lending experience.
• Underwriting experience.
• Asset based lending and cash flow experience.
• Familiarity with banking regulations and compliance requirements.
• Experience with loan workouts and note sales.

Responsibilities

• Analyze and recommend appropriate workout strategies to maximize value of loan assets.
• Performing and approving loan reviews.
• Managing commercial loans in active Bankruptcies and Receiverships.
• Reviewing loss mitigation requests, including; loan modification, deed in lieu, and short sale requests.
• Ensuring compliance with servicing guides.
• Mentoring and training junior analysts and strengthening working relationships within the business units and portfolio management groups.
• Create, document, and execute comprehensive action plans and workout strategies for all problematic credits in the portfolio.
• Oversee various functions from the initiation of the default process to post-sale requirements.
• Liaison with both external and internal legal counsel on matters pertaining to adversely graded loans within the bank’s loan portfolio.
• Engage in negotiations with debtors and bankers to manage, workout, and restructure challenged deals.
• Aim to improve credit quality, restructure or sell loans cost-effectively, and minimize potential losses while maximizing returns.
• Prepare periodic reports for the Board of Directors, Committee, Management, auditors, and regulators as required.
• Participate in special projects, organizational committees, teams and task forces as assigned.
• Assist EVP, Chief Credit Officer, Director of Special Assets and Special Assets Manager with credit approval process and other credit administration functions as assigned.
• Handle challenged loans by restructuring debt, negotiating settlement agreements, pursuing appropriate legal action, and/or liquidating collateral or selling loans.
• Provide suggestions for process improvement and analyzing trends in loan portfolios and recommending strategies to minimize credit losses or other risk exposures.

Benefits

• Medical, Dental, Vision, and Life Insurance.
• Paid Sick Leave, 3 weeks’ Vacation, and Holidays (about 11 a year).
• HSA or FSA account and other voluntary benefits.
• 401(k) Retirement Saving Plan with Employer Match Program and 529 Savings Plan.
• Employee Mortgage Loan Program and free access to an Axos Bank Account with Self-Directed Trading.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Bachelor's degree