Special Assets Portfolio Manager

Description

The Special Assets Portfolio Manager is directly accountable for managing a portfolio consisting of assigned stressed banking relationships with the goal of loan rehabilitation or collection. This position executes loan workout, restructuring, collection, and liquidation strategies to minimize loss exposure and maximize recoveries for the Bank. The Special Assets PM is responsible for reviewing financial statements, proactively monitoring and interacting with Credit Analysts and Relationship Managers of loans with early warning signals still managed by the business units.

He or she makes recommendations on appropriate credit structures, pricing and ensures that workout strategies are consistent with the Bank’s credit and risk policy. The Portfolio Manager is also responsible for completion of approval memos, Loan Strategy Reports, determining and preparing Risk Grade Changes, accrual status and impairments for the Special Assets Department Manager approval. The Portfolio Manager works closely with borrowers, attorneys, appraisers, receivers, and other third parties to resolve problem credits in compliance with Bank policy, regulatory requirements, and prudent credit administration practices.

• Manage an assigned portfolio of criticized, classified, and non‑performing commercial loans.
• Develop and execute individualized action and workout plans, including restructures, forbearances, repayment arrangements, or liquidation strategies.
• Conduct detailed financial and collateral analyses to assess repayment capacity and collateral adequacy.
• Recommend and implement charge‑offs, reserve allocations, and loan risk rating adjustments.
• Prepare comprehensive credit memos, workout proposals, and presentations for internal approval committees.
• Manage the credit process from approval through communication with various involved groups and arranging processing of details and changes into the Bank’s internal systems.
• Negotiate, prepare and review documentation related to transactions, such as loan documents, forbearance agreements, guarantees, and security documents.
• Structure workout strategies, including negotiations with potential and existing clients.
• Under the direction of the Special Assets Department Manager, initiate, negotiate, and implement note sale strategies.
• Monitor ongoing business activities and financial performance of existing clients, including financial covenant monitoring.
• Manage commercial portfolio risk on an ongoing basis by monitoring customer creditworthiness, adherence to contract loan terms, and general business conditions.
• Undertake industry and peer group analysis to determine key industry drivers and their impact on individual market participants; incorporate this analysis into client‑specific or industry‑wide credit reports.

• Maintain direct client contact with owners, borrower’s management, guarantors, etc., and close oversight of all loans in the assigned portfolio to achieve optimal resolution strategies.
• Oversee collateral valuation such as ordering appraisals, assessing sufficient collateralization, determining shortfalls, and corrective action plans to protect the Bank’s interest.
• Work with receivers, brokers, and asset managers to protect the Bank’s interests in distressed assets.
• Coordinate with external legal counsel on bankruptcy proceedings, foreclosures, litigation, and enforcement actions.

• Provide clear updates on loan status, risks, and recommendations to the Special Assets Department Manager and Credit Administration.
• Support regulatory examinations and audits related to non‑performing distressed assets.
• Mentor Credit Analysts and more junior Portfolio Managers.
• Demonstrate sound judgment and appropriate emotional intelligence in high‑pressure work situations.

• Ensure all actions comply with OCC/FDIC/FRB regulations, loan policy, and best practices.
• Maintain accurate documentation, reporting, and loan files in support of regulatory and audit reviews.
• Maintain appropriate client records and an archive of client‑specific credit work.