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Fremont Bank · 19 hours ago

Assistant Manager, C&I Special Assets

Livermore, CA

Full-time

Onsite

Mid, Senior Level

$116K/yr - $156K/yr

3+ years exp

Fremont Bank is one of the Bay Area’s most respected financial institutions, seeking a strategic professional to join their Commercial Special Assets team. The Assistant Manager will support the restructuring of distressed borrower relationships and manage classified loan relationships to minimize loan losses and ensure compliance with relevant regulations.

Financial ServicesMortgageRetail

Responsibilities

Assist with special projects such as annual loan monitoring, Credit Review and/or Audit Request as needed

Manage a portfolio of criticized and classified loans as assigned, to minimize delinquency and charge-offs

Meet with problem loan customers to evaluate the severity of the problem and develop recommendations to improve the likelihood of repayment and minimize risk of loss to the Bank

Obtain, manage, and dispose of repossessed assets in an efficient and timely manner

Ensure the risk rating, accrual status and loan loss provisions of the assigned portfolio accurately reflect the risk of those assets

Ensure that downgrades and/or charge-offs are recommended on a timely basis

Provide guidance regarding the early identification, evaluation of and potential strategies for deteriorating loan situations to lending staff on smaller, non-complex business purpose credits not formally assigned to Special Assets to minimize losses and maximize recoveries

Negotiate with debtors or their representatives to secure repayment agreements and monitor adherence to the terms of approved repayment agreements. After overseeing the negotiation process, submit modifications and/or recommendations for approval to the appropriate committee

Assist with special projects such as annual loan monitoring, Credit Review and/or Audit Request as needed

Provides quality and timely analysis and reporting, as required

Qualification

Commercial loan underwritingLoan workout experienceFinancial analysisSBA operations experienceAdvanced Microsoft ExcelAnalytical skillsClear communicationProblem-solvingCreativityTeam player

Required

Bachelor's Degree (Finance or Accounting preferred) or 5 years equivalent experience in workouts

Three years plus of experience in loan workout of C&I and CRE

Strong understanding of and experience in commercial loan underwriting, structuring, approval and documentation

Knowledge of the Fair Debt Collection Protection Act

Ability to use understanding of business and other economic issues to logically assess and analyze the potential risks of problem credits for efficient resolution

Analytical skills, including strong problem-solving and critical thinking

Clear communicator who can respond clearly and persuasively in all situations

Original thinker who brings creativity to dealing with work problems and opportunities, meeting challenges with resourcefulness

Ability to work in a fast-paced, challenging environment and deliver on time, accurate work

Advanced Microsoft Excel skills and competence using Outlook, Word, and PowerPoint

Understanding of Global Cash Flow, business financial statements, and spreading software

Must be flexible with schedule, including weekends and holidays, to ensure work completion as determined by business needs

Ability to complete typing and numerical entries repetitively, and using a computer for extended periods of time