Manager, Special Assets

Manager, Special Assets

Location:

Sacramento, CA (Hybrid – 3 days onsite, 2 days remote)

Salary: $124,700 – $155,000 annually

The Manager, Special Assets is responsible for developing and executing workout strategies that minimize losses, preserve collateral value, and support the long‑term financial health of the organization.

The ideal candidate brings strong expertise in commercial real estate (CRE), commercial and industrial (C&I) lending, loan restructures, recoveries, and special assets management. Candidates with substantial experience in Credit Administration will also be considered.

• Manage a portfolio of criticized, classified, and non‑performing CRE and C&I loans.
• Develop and implement workout strategies, including restructures, repayment plans, settlements, collateral liquidation, and exit strategies.
• Negotiate loan modifications, forbearance agreements, and settlements with borrowers, guarantors, and legal counsel.
• Coordinate foreclosure actions, bankruptcy proceedings, litigation, receiverships, and collateral disposition efforts.
• Analyze borrower financial statements, guarantor strength, cash flow, and collateral performance to determine appropriate risk ratings and action plans.
• Recommend risk grade changes consistent with internal policy and regulatory expectations.
• Prepare portfolio reporting for management, committees, auditors, and regulatory examiners.
• Support CECL reserve forecasting, impairment analysis, and charge‑off recommendations.
• Partner with Business Lending, Credit Administration, Finance, Legal, and third‑party vendors to identify and mitigate emerging credit risks.
• Provide leadership, coaching, and technical guidance to analysts and support staff while contributing to process improvements and best practices.

• Bachelor's degree in Finance, Accounting, Business, Economics, or a related field, or an equivalent combination of education and experience.
• Seven or more years of experience in commercial lending, special assets, workout management, credit administration, or related functions.
• Experience managing criticized, classified, and non‑performing commercial loan portfolios.
• Demonstrated success executing restructures, workouts, settlements, and collateral liquidation strategies.
• Experience working with legal counsel, third‑party vendors, and internal stakeholders to resolve complex commercial credit situations.

• Prior supervisory experience or demonstrated leadership of analysts, portfolio managers, or support staff.
• Knowledge of CECL, reserve methodologies, impairment analysis, and regulatory examination processes.
• Familiarity with foreclosure proceedings, bankruptcy claims, litigation support, and receivership actions.

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