Special Assets Officer

WHO WE ARE

City First Bank N.A. is a mission-driven Community Development Financial Institution (CDFI) principally focused on a transformative impact in underserved, urban markets with the highest needs to drive equitable economic development. Our credit activities are purely commercial and focused on the following segments:
Multifamily Affordable Housing, Not-for-Profit Finance, and Small Business Finance. As a depository and commercial lending provider with over $1.3 billion in bank assets as of December 31, 2025, our unified organization has over 100 employees in Washington DC and Los Angeles/Inglewood, CA.

The Special Assets Officer is responsible for the independent management, oversight, and resolution of complex criticized and classified commercial loan relationships, including Commercial Real Estate (CRE) and C&I credits. The role focuses on loss mitigation, capital preservation, and regulatory compliance, while proactively identifying emerging risks and executing strategies to return troubled assets to performing status or achieve an optimal exit. The Special Assets Officer exercises independent credit judgment, works closely with lending, legal, and executive leadership, and plays a critical role in regulatory readiness and Board reporting.

• Manages an assigned portfolio of criticized, classified, non-accrual, impaired, and restructured loans, including complex CRE and relationship-based credits.
• Proactively identifies emerging credit concerns and assumes responsibility for loans migrating to Watch, Special Mention, Substandard, Doubtful, or Loss classifications.
• Develops, documents, and executes customized resolution strategies designed to maximize recovery, minimize loss, and align with regulatory expectations.
• Conducts on-site inspections of collateral and borrower operations to assess condition, cash flow sustainability, and risk exposure.

• Ensures accurate and timely risk rating assignments, accrual status determinations, impairment analysis, and charge-off recommendations.
• Prepares and presents written credit memoranda, strategy updates, and risk rating justifications to internal Credit, Loan, Watch List, and Problem Loan Committees.
• Partners with Finance and Credit to support CECL qualitative and quantitative inputs related to criticized assets.
• Identifies portfolio-level trends and root causes of deterioration and recommends policy, procedural, or underwriting enhancements.

• Leads and manages loan workouts, restructures, modifications, forbearance agreements, settlements, and exit strategies.
• Oversees loans involving bankruptcy (Chapters 7, 11, and 13), receiverships, litigation, foreclosure, deeds-in-lieu, and UCC remedies.
• Manages and directs external legal counsel, appraisers, environmental consultants, and other third parties to ensure cost-effective and timely resolution.
• Reviews and coordinates the negotiation of loan documentation and enforcement actions in accordance with Bank policy and legal requirements.

• Performs and reviews global cash flow analysis, guarantor support assessments, stress testing, and collateral valuation sensitivity analysis.
• Reviews and evaluates updated appraisals, rent rolls, operating statements, environmental reports, and inspection findings.
• Assesses borrower and guarantor financial capacity, management quality, and operational viability to inform resolution decisions.

• Serves as a subject matter expert during regulatory examinations, audits, and internal reviews related to criticized assets and special assets…