Special Assets Portfolio Manager

Special Assets Portfolio Manager at California Bank of Commerce
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Join to apply for the Special Assets Portfolio Manager role at California Bank of Commerce.

This range is provided by California Bank of Commerce. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

$/yr - $/yr

Annual Bonus

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 reviews financial statements, proactively monitors, and interacts with Credit Analysts and Relationship Managers of loans with early warning signals still managed by the business units.

The PM makes recommendations on appropriate credit structures, pricing and ensures workout strategies align with the Bank’s credit and risk policy. Responsible for completion of approval memos, Loan Strategy Reports, and preparation of Risk Grade Changes, Accrual status and Impairments for 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.

• 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.
• Manage the credit process from approval through communication with involved groups to system processing.
• Negotiate and review documentation related to transactions, such as loan documents, forbearance agreements, guarantees, and security documents.
• Structure workout strategies, including negotiations with clients.
• Under the direction of the Special Assets Department Manager, initiate, negotiate, and implement note sale strategies.
• Monitor ongoing business activities and financial performance of existing clients, including covenant monitoring.
• Manage commercial portfolio risk continuously by monitoring creditworthiness, contract compliance, and general business conditions.
• Analyze industries and peer groups to determine key drivers and incorporate these factors into credit reports.

• Maintain direct client contact and oversee all loans to achieve optimal resolution strategies.
• Oversee collateral valuation, including appraisals, sufficient collateralization assessment, shortfall determination, and corrective action plans.
• 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 junior Portfolio Managers.
• Demonstrate sound judgment and emotional intelligence in high-pressure situations.

• Ensure all actions comply with OCC/FDIC/FRB regulations, loan policy, and best practices.
• Maintain accurate documentation, reporting, and loan files for regulatory and audit reviews.
• Maintain appropriate client records and archive client-specific credit work.

• Highly professional credit and risk analysis…