SVP, Special Assets

• Develops collection and loss-mitigation strategies and action plans; implements plans to maximize recovery and minimize loss
• Responsible for all activities relating to forbearance agreements, bankruptcy, deed in lieu of foreclosure and dispositions
• Develops and evaluates alternate courses of action and provides recommendations for comprehensive turnaround plans
• Defines and justifies the appropriate exit strategy
• Assists Management with the regulatory examinations and 3rd party audit processes to achieve positive results
• Provides Senior Management with monthly/quarterly reports including delinquency, non-accrual, charge-off, classified loans and OREO, updates on loan workout strategies and recommendations for further actions based on the updated information obtained
• Recommends charge-off of problem loans as appropriate
• Prepares periodic reports for the Board of Directors, Committee, Management, auditors, and regulators as required
• Provides suggestions for process improvement and analyzing trends in loan portfolios and recommending strategies to minimize credit losses or other risk exposures
• Assists EVP, Chief Credit Officer with credit approval process and other credit administration functions as assigned
• Proactively manages the resolution of Other Real Estate Owned (OREO) non-consumer properties (multi-family & commercial) including marketing and selling properties as expeditiously as possible and to achieve best market values
• Provides technical guidance, training, and expertise to other members of Special Assets Department. Supports departmental functions as required
• Participates in special projects, organizational committees, teams and task forces as assigned

• Bachelor's degree
• 15+ years in various aspects of Special Assets with increasing responsibility and leadership experience
• Knowledge in identifying problem assets and evaluating proper valuation of collateral, cash flow, and other repayment sources available to properly risk grade the loans
• Experience working with borrowers to better secure collateral, attain an equity position, or obtain other assets of the borrower to ensure and improve collateral protection
• Quality credit management oversight including; monitoring loans for defaults and receipt of required payments and information
• Ability to work with legal counsel, Senior Management, and other lenders where applicable to develop and execute strategies and action plans, and take appropriate legal actions consistent with the workout strategy, which may include site inspections and client meetings with the legal counsel and other lenders
• Ensures the accuracy of documentation for the most complex loan workouts

Born digital, Axos Bank has reinvented the banking model and grown to over $18.7 billion in assets since our founding in 2000. With a broad and ever-growing range of financial products, Axos Bank is rated among the top 5 digital banks in the country! Axos Financial is our holding company and publicly traded on the New York Stock Exchange under the symbol "AX" (NYSE: AX).

We bring together human insight and digital expertise to anticipate the needs of our customers. Our team members are innovative, technologically sophisticated, and motivated to achieve.

Pre-Employment 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 Bank 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.

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