Fremont Bancorporation
Assistant Manager, C&I Special Assets
Fremont Bancorporation, Livermore, California, United States, 94551
Title: AssistantManager, C&I Special Assets
Job Location: Livermore, CA
Hiring salary range: $116,700.00 - $151,600.00 annual
FremontBank founded in 1964,
is one of the oldest independently owned banksin the Bay Area and is one of the top-rated mid-tier banks in the nation.
Voted a TopWorkplace for 2025 and for the past fifteen consecutive years.
Fremont Bank has an immediate opening for an
Assistant Manager, C&I Special Assets,
inLivermore, CA.
Position Overview
As the
Assistant Manager, C&I Special Assets
youwill support the restructuring of distressed borrower relationships andadversely graded loans within the Bank's portfolio. This includes secured andunsecured commercial loans, land and construction loans, income property loans,and private banking lines.
Key responsibilities include underwriting and managingclassified loan relationships, collaborating with the SAD Credit Analyst onmonthly and quarterly reporting, and contributing to the department's goal ofreducing classified assets and minimizing loan losses. You'll ensure compliancewith all relevant laws, regulations, and internal lending policies.
This role involves detailed financial analysis, including cashflow assessments and impairment evaluations, and requires both independent andteam-based work to meet departmental and organizational objectives.
Role and 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 Qualifications and Requirements
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 SBA operations and lending experience is desirable Knowledge of the Bay Area industries and real estate market preferred 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. Physical Requirements
Will be completing repetitive tasks, including typing and numerical entries, and using a computer for extended periods of time.
Job Location: Livermore, CA
Hiring salary range: $116,700.00 - $151,600.00 annual
FremontBank founded in 1964,
is one of the oldest independently owned banksin the Bay Area and is one of the top-rated mid-tier banks in the nation.
Voted a TopWorkplace for 2025 and for the past fifteen consecutive years.
Fremont Bank has an immediate opening for an
Assistant Manager, C&I Special Assets,
inLivermore, CA.
Position Overview
As the
Assistant Manager, C&I Special Assets
youwill support the restructuring of distressed borrower relationships andadversely graded loans within the Bank's portfolio. This includes secured andunsecured commercial loans, land and construction loans, income property loans,and private banking lines.
Key responsibilities include underwriting and managingclassified loan relationships, collaborating with the SAD Credit Analyst onmonthly and quarterly reporting, and contributing to the department's goal ofreducing classified assets and minimizing loan losses. You'll ensure compliancewith all relevant laws, regulations, and internal lending policies.
This role involves detailed financial analysis, including cashflow assessments and impairment evaluations, and requires both independent andteam-based work to meet departmental and organizational objectives.
Role and 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 Qualifications and Requirements
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 SBA operations and lending experience is desirable Knowledge of the Bay Area industries and real estate market preferred 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. Physical Requirements
Will be completing repetitive tasks, including typing and numerical entries, and using a computer for extended periods of time.