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Senior Special Assets Officer

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Job ID CRDT-11841 City Los Angeles State California Exempt/Non Exempt Exempt Shift Day Work Schedule m-f, 8-5
Job Details:

Under general supervision, this colleague is responsible for managing a portfolio of problem consumer, commercial, real estate, and syndicated loans. Works in a team environment developing and recommending strategies to maximize recovery and reduce losses from own portfolio of commercial credits. Works closely with borrowers, executives, attorneys and mid-size company groups to review and restructure credit and repayment terms to better secure collateral, attain an equity position or charge-off the loan as appropriate. Performs other duties as requested. Must be in good standing under "The Secure and Fair Enforcement for Mortgage Licensing Act of 2008" (Safe Act) and must be registered/licensed with the "Nationwide Mortgage Licensing System and Registry"; or must be able to be registered under the Safe Act. Must remain in good standing under the Safe Act.

Manages the largest and most complex consumer, commercial, and real estate loan portfolio,(including fulfilling a lead agent role in syndicated credits.) Utilizes a high degree of independence in managing a large portfolio of a diverse and complex nature. Directs and administers multifaceted action plans strategies with considerable autonomy and judgment. Colleagues typically have in excess of ten years of related experience.

Responsibilities

  • Investigate, analyze and evaluate the condition of the borrower to isolate problems in the credit. Develop strategies to maximize recovery and reduce loses from portfolios. Provide recommendations to the Team Leader about restructuring credits or presents exit strategy if restructuring is not possible within established time frames.
  • Negotiate and interface with executives, attorneys and certified public accountants in developing an action plan to rehabilitate, if possible, or develop and implement an exit strategy for the credit.
  • Create and prepare a variety of reports dealing with portfolio status and proposed action plans, performance tracking, forecasting losses, recommendations for charge-offs and other routine reports for area of responsibility.
  • Coordinate with other Bank departments (e.g., ABL, RM, Legal, CLC) as well as external regulators, auditors, business finance companies and auctioneers to proactively pursue the best course of action for the Bank regarding adversely graded loans.
Basic Requirements
  • *Bachelor's Degree
  • *Minimum of 10 years of experience in special assets in C&I, Real Estate, and/or fulfilling a lead agency role of a syndicated credit (s).
  • *Must be in good standing under "The Secure and Fair Enforcement for Mortgage Licensing Act of 2008" (Safe Act) and must be registered/licensed with the "Nationwide Mortgage Licensing System and Registry"; or must be able to be registered under the Safe Act.

Skills and Knowledge

  • Thorough working knowledge of analysis of corporate financial statements, cash flow statements and commercial/corporate structure required.
  • Demonstrated ability to analyze credit and to develop and negotiate repayment terms with large and mid-size companies and high net worth individuals.
  • Strong working knowledge of loan restructuring and re-negotiation of interest rates, terms, collateral requirements, documentation and loan agreements.
  • Excellent verbal and written communication skills to interact effectively with all levels of Bank personnel and customers.
  • Must possess strong working knowledge of the Microsoft Suite. Must be in good standing under "The Secure and Fair Enforcement for Mortgage Licensing Act of 2008" (Safe Act) and must be registered/licensed with the "Nationwide Mortgage Licensing System and Registry"; or must be able to be registered under the Safe Act.

*Represents basic qualifications for the position. To be considered for this position you must at least meet the basic qualifications.

Equal Opportunity/Affirmative Action Employer, Minorities/Females/Individuals with Disabilities/Veterans

Note: This preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

Note: Candidates should be advised that City National Bank does not pay interviewee travel expenses or relocation expenses for candidates who are hired unless previously agreed.

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Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled
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