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Sr Portfolio Manager - Special Assets

Company: Pacific Premier Bank
Location: Irvine
Posted on: October 8, 2020

Job Description:

The Senior Special Assets Portfolio Manager is responsible for the restructure of larger and/or more complex troubled borrower relationships and/or adversely graded loans within the Bank’s loan portfolio of diverse size and complexity in compliance with all applicable state and federal laws, rules and regulations and Bank lending policies and procedures. Works with Portfolio Managers, Directors and Credit Administration to ensure the Bank’s position is properly secured related to collateral, equity, and other assets pledged by the borrower; ensures the preservation of loan principal and collects interest whenever possible; takes appropriate measures to mitigate the risk of loan Charge-off.Attends training and maintains/demonstrates knowledge of policies and procedures to ensure compliance with the laws and regulations governing financial institutions, including the Bank Secrecy Act (BSA) or other Anti-Money Laundering (AML) legislation, the Office of Foreign Assets Control (OFAC), Consumer Privacy, Information Security, Bank Protection Act, Regulations CC, E, D, DD and othersRESPONSIBILITIES Administer a portfolio of larger and/or more complex performing and non-performing loans.Perform daily collection calls on delinquent loans and / or lines of credit, track conversations, follow up with written correspondence, and monitor results.Perform Skip Tracing functions, when required, to locate borrower and collateral. Negotiate, recommend and discuss workout and or liquidation strategies to minimize loss to the Bank and to maximize recovery and the Bank’s position. Assess problem loan situations, developing an appropriate strategy and action plan, as well as implementing it in order to resolve the problem loan and reduce the bank’s risk.Provide guidance on loans still housed in regular units but requiring Special Assets oversightRecommend liquidation strategies for OREO assets Collect updated borrower financial information in accordance with periodic reporting requirements and complete scheduled loan reviews.Grade loans based on periodic review of financial or other information or data that may prompt a risk grade change.Assess and analyze problems and causes of problems on loans at time of assignment through making timely business connections, interviewing obligors, reviewing loan files.  Execute approved strategy in a timely manner with assessment of success and reformulation of revised strategy proactively with updated approvals obtained as needed during the workout process. Work with outside counsel, trustees, foreclosure personnel, and other internal or outside professionals, as required.Collect and analyze relevant information for loan workout, collateral liquidation, and legal actions, note sales. Analyze bank’s collateral position relative to problem loans and ensure accurate internal bank reportingReview, monitor and strategize for bankruptcies and other legal proceedings involving loans in Special Assets, as assigned.Work with internal and external customers on a variety of issues (payment posting, grade changes, billing issues and, payoffs).Identify, report to appropriate channels and correct any significant document or other discrepancies pertaining to loan and collateral.Respond promptly to customer inquiries.  Prepare Problem Loan Reports, CAMS, and other reports as required for management’s approval for proposed action plans, (i.e. forbearances, modification, cure covenant violations). Periodically and accurately report to management the status of all assigned problem loans.QUALIFICATIONS7+ years experience in structuring and recommending or approving a variety of loans, troubleshooting and turning around troubled loan relationships, negotiating successful resolutions of complex problem loans.7+ years experience in handling troubled loans of all kinds, including  C&I, Franchise and ABL. Experience to include workouts and restructures, litigation including collection litigation, receivership, bankruptcy, and judicial and non-judicial real estate foreclosures. 7+ years experience in negotiating and enforcing loan documentation, appropriately managing a lending relationship whether it is a direct loan, participation or agented loan. 7+ years experience in assessing problem loan situations, developing an appropriate strategy and action plan, as well as implementing it in order to resolve the problem loan and reduce the bank’s risk. 7+ of portfolio management experience including spreading and analyzing personal and company financial statements and other documentation relative to monitoring a portfolio of loans.7+ years of customer service in the banking industry 7+ years of commercial/consumer credit experience Experience leading and/or supervising others Bachelor’s degree (BA) in Finance, Business, or Economics or equivalent preferred related experience and/or training; or the equivalent combination of education and Banking experience.  Excellent written and verbal communication skills; ability to define problems, collect data, establish facts, and draw conclusions.Proficiency with Microsoft Office – (Outlook, Word, Excel, and Power Point)Job SummaryRequisition Number: SRPOR02951Job Category: NoneSchedule: Full-Time

Keywords: Pacific Premier Bank, Irvine , Sr Portfolio Manager - Special Assets, Other , Irvine, California

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