VP, Special Assets Manager

Axos Bank

Target Range:

$90,000.00/Yr. - $110,000.00/Yr.

Actual starting pay will vary based on factors including, but not limited to, geographic location, experience, skills, specialty, and education.

Eligible for an Annual Discretionary Cash Bonus Target: 12.5%

Eligible for an Annual Discretionary Restricted Stock Units Bonus Target: 12.5%

These discretionary target bonuses may be awarded semi-annually based upon your achievement of performance goals and targets.

About This Job

The VP, Special Assets Manager assists with management and oversight of the Commercial Special Asset portfolio to mitigate credit losses and other risk exposures. The position provides training and mentoring to junior level analysts while working alongside the Chief Credit Officer and Director of Special Assets.

Responsibilities:

• Build strong asset management to help mitigate potential losses. Analyze and recommend appropriate workout strategies to maximize value of loan assets. Performing and approving loan reviews

• Managing commercial loans in active Bankruptcies and Receiverships. Reviewing loss mitigation requests, including; loan modification, deed in lieu, and short sale requests. Ensuring compliance with servicing guides,

• Mentoring and training junior analysts and strengthening working relationships within the business units and portfolio management groups

• Create, document, and execute comprehensive action plans and workout strategies for all problematic credits in the portfolio. This includes enforcing remedies and taking legal action when necessary while providing regular status updates to senior management

• Oversee various functions from the initiation of the default process to post-sale requirements

• Liaison with both external and internal legal counsel on matters pertaining to adversely graded loans within the bank’s loan portfolio

• Engage in negotiations with debtors and bankers to manage, workout, and restructure challenged deals. Aim to improve credit quality, restructure or sell loans cost-effectively, and minimize potential losses while maximizing returns

• Prepares periodic reports for the Board of Directors, Committee, Management, auditors, and regulators as required

• Participates in special projects, organizational committees, teams and task forces as assigned

• Assists EVP, Chief Credit Officer, Director of Special Assets and Special Assets Manager with credit approval process and other credit administration functions as assigned

• Handle challenged loans by restructuring debt, negotiating settlement agreements, pursuing appropriate legal action, and/or liquidating collateral or selling loans

• Provides suggestions for process improvement and analyzing trends in loan portfolios and recommending strategies to minimize credit losses or other risk exposures

Qualifications:

• Bachelor’s degree

• 5+ years of experience in special assets, credit risk, and/or portfolio management

• Asset based lending and cash flow experience

• Familiarity with banking regulations and compliance requirements

• Experience with loan workouts and note sales

• Commercial special assets experience

Axos Employee Benefits May Include:

About Axos

Born digital-first, Axos delivers financial tools and services that allow individuals, small businesses, and companies to access and manage their money how, when, and where they want. We’re a diverse team of dynamic, insightful, and independent innovators who are excited to provide technology-driven solutions that offer unbeatable value to our customers.

Axos Financial is our holding company and is publicly traded on the New York Stock Exchange under the symbol "AX" (NYSE: AX).

Learn more about working at Axos

Pre-Employment Background Check and Drug Test:

All offers are contingent upon the candidate successfully passing a credit check, criminal background check, and pre-employment drug screening, which includes screening for marijuana. Axos Bank is a federally regulated banking institution. At the federal level, marijuana is an illegal schedule 1 drug; therefore, we will not employ any person who tests positive for marijuana, regardless of state legalization.

Equal Employment Opportunity:

Axos is an Equal Opportunity employer. We are committed to providing equal employment opportunities to all employees and applicants without regard to race, religious creed, color, sex (including pregnancy, breast feeding and related medical conditions), gender, gender identity, gender expression, sexual orientation, national origin, ancestry, citizenship status, military and veteran status, marital status, age, protected medical condition, genetic information, physical disability, mental disability, or any other protected status in accordance with all applicable federal, state, and local laws.

Job Functions and Work Environment:

While performing the duties of this position, the employee is required to sit for extended periods of time. Manual dexterity and coordination are required while operating standard office equipment such as computer keyboard and mouse, calculator, telephone, copiers, etc.

The work environment characteristics described here are representative of those an employee may encounter while performing the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.