Special Assets Manager

Exchange Bank•Santa Rosa, CA

15h•$115,000 - $168,000

About The Position

The Special Assets Manager manages complex, at-risk and problem loans and bankruptcies, and provides supervision for the Bank’s collections activities and staff. Essential Functions Loan Workouts, Collections and Foreclosure: Manage all aspects of loans within an assigned portfolio including the following process: foreclosures, bankruptcy, litigation, past due payments, and liquidation of asset(s). Approve charge-offs within approved authority. Manage problem loan relationships with the goal of moving them off the Bank’s balance sheet within established timeframes. Monitor and continually analyze the position of the loans on the Watch and Problem Loan List. Create reports for the Board of Directors, including charge-offs and recoveries and the status of non-performing assets and OREO. Review, analyze and recommend decisions to resolve problem credit and workout loans with Bank customers. Analyze properties and their corresponding markets to determine and recommend appropriate disposition strategies, book values and charge-offs in conformance to Bank policies and procedures and regulatory requirements. Negotiate directly with borrowers to restructure debt and create workout plans. Analyze financial statements, business history and creditworthiness of buyers and borrowers. Consult regularly with management when identifying and implementing resolution actions including attending client meetings when determining resolution actions. Partner with underwriters to facilitate SBA7A purchase guarantee process. Ensure foreclosure process and legal requirements are followed, working with Bank legal counsel and the Chief Credit Officer, and within Bank policies and procedures. Design, recommend and implement approved and appropriate plans and budgets to manage and dispose of properties obtained through foreclosure. Request property inspections, engineering studies or construction bids as necessary in the disposal of property. Coordinate the necessary actions to manage and sell properties working with real estate brokers, potential purchasers, title and escrow companies, receivers, property management firms and other REO property related vendors. Supervise sales negotiations with potential purchasers including approval, declination and recommendation to management regarding offers. Manage assigned loan-related litigation matters with Bank legal counsel and management. Work with outside consultants on business and/or property management of troubled assets. Provide guidance to Bank Collection staff with regards to the more complex collections issues. Serve as a resource providing management and direction of foreclosures, litigation matters, past dues, liquidation of assets and manages Other Real Estate Owned (OREO) working with various units within the Bank. Provide guidance and direction to line Loan Officers on Watch List accounts to prevent identified loans from migrating to a problem asset. Oversee and monitor the status of delinquent loans and leases. Prepare monthly RCN report on delinquent loans including non-accruals. Provide guidance and recommendations to the Chief Credit Officer related to special assets and related problem resolutions. Management: Schedule staff and assign work to ensure superior service and work plans are met. Recruit, select, train, and provide leadership and performance feedback for direct reports. Recommend wage adjustments, staffing and work assignments. Conduct regular staff and coaching meetings with direct reports. Establish goals and work plans consistent with Bank needs and monitor progress. Recommend and monitor budget and strategic plan. Approve department expenditures within authorized limits. Recommend methods and procedures to improve department efficiency. Attend internal and external management meetings and represent the Bank at external functions and activities. Non-Essential Functions: Perform special projects, research and other duties as assigned.

Requirements

A combination of education and experience equivalent to a bachelor’s degree in business administration, economics, accounting or related field of study and 7 years of experience in complex commercial lending, credit administration, and work-outs.
Thorough knowledge of bankruptcy laws, full understanding of lender liability issues, foreclosures, collections, SBA liquidation and related laws and regulations.
Thorough knowledge of commercial, commercial real estate and construction methods and practices.
Thorough knowledge of real estate finance, accounting and law.
Skills operating a personal computer including word processing, spreadsheet and presentation software.
Ability to stand, bend, stoop, sit, walk, twist and turn.
Ability to lift up to 15 pounds occasionally.
Indoor office work environment with a majority of time sitting at a desk.

Responsibilities

Manage all aspects of loans within an assigned portfolio including the following process: foreclosures, bankruptcy, litigation, past due payments, and liquidation of asset(s).
Approve charge-offs within approved authority.
Manage problem loan relationships with the goal of moving them off the Bank’s balance sheet within established timeframes.
Monitor and continually analyze the position of the loans on the Watch and Problem Loan List.
Create reports for the Board of Directors, including charge-offs and recoveries and the status of non-performing assets and OREO.
Review, analyze and recommend decisions to resolve problem credit and workout loans with Bank customers.
Analyze properties and their corresponding markets to determine and recommend appropriate disposition strategies, book values and charge-offs in conformance to Bank policies and procedures and regulatory requirements.
Negotiate directly with borrowers to restructure debt and create workout plans.
Analyze financial statements, business history and creditworthiness of buyers and borrowers.
Consult regularly with management when identifying and implementing resolution actions including attending client meetings when determining resolution actions.
Partner with underwriters to facilitate SBA7A purchase guarantee process.
Ensure foreclosure process and legal requirements are followed, working with Bank legal counsel and the Chief Credit Officer, and within Bank policies and procedures.
Design, recommend and implement approved and appropriate plans and budgets to manage and dispose of properties obtained through foreclosure.
Request property inspections, engineering studies or construction bids as necessary in the disposal of property.
Coordinate the necessary actions to manage and sell properties working with real estate brokers, potential purchasers, title and escrow companies, receivers, property management firms and other REO property related vendors.
Supervise sales negotiations with potential purchasers including approval, declination and recommendation to management regarding offers.
Manage assigned loan-related litigation matters with Bank legal counsel and management.
Work with outside consultants on business and/or property management of troubled assets.
Provide guidance to Bank Collection staff with regards to the more complex collections issues.
Serve as a resource providing management and direction of foreclosures, litigation matters, past dues, liquidation of assets and manages Other Real Estate Owned (OREO) working with various units within the Bank.
Provide guidance and direction to line Loan Officers on Watch List accounts to prevent identified loans from migrating to a problem asset.
Oversee and monitor the status of delinquent loans and leases.
Prepare monthly RCN report on delinquent loans including non-accruals.
Provide guidance and recommendations to the Chief Credit Officer related to special assets and related problem resolutions.
Schedule staff and assign work to ensure superior service and work plans are met.
Recruit, select, train, and provide leadership and performance feedback for direct reports.
Recommend wage adjustments, staffing and work assignments.
Conduct regular staff and coaching meetings with direct reports.
Establish goals and work plans consistent with Bank needs and monitor progress.
Recommend and monitor budget and strategic plan.
Approve department expenditures within authorized limits.
Recommend methods and procedures to improve department efficiency.
Attend internal and external management meetings and represent the Bank at external functions and activities.
Perform special projects, research and other duties as assigned.