Senior Special Assets Officer

Mechanics Bank

. Handle problem commercial loans, including C&I and Commercial Real Estate credits .

Posted 10/2/2026full-timeIrvine • California • United StatesSenior💰 $130,000 - $175,000 per yearWebsite

Core Competencies

Role fit

Core Competencies

Use this summary to align your resume positioning with the role.

Demonstrates expertise in managing problem commercial loans, including C&I and Commercial Real Estate credits, with a strong focus on negotiation, risk assessment, and compliance with regulatory requirements. Proficient in developing resolution strategies and repayment plans while effectively communicating with senior management and external parties.

Highest-signal resume keywords

Special Assets ManagementNegotiation SkillsCredit AnalysisRegulatory ComplianceRisk Grading

ATS Keywords

Tailor your resume

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills

Problem Loan ResolutionLoan Modification UnderwritingRepayment Plan DevelopmentCredit AnalysisRisk Rating ChangesBankruptcy ProcessesLitigation ProcessesAttention to DetailLoan RestructuringForeclosure Knowledge

Soft Skills

Interpersonal SkillsCollaborative Work StyleWritten CommunicationOral CommunicationDetail Orientation

Tools & Technologies

Windows SuiteExcelWordAccessLotus Notes

Industry Keywords

Commercial LoansC&I LoansCommercial Real EstateREO PropertiesFederal RegulationsState RegulationsCalifornia ComplianceWashington Compliance

About the role

Key responsibilities & impact

Handle problem commercial loans, including C&I and Commercial Real Estate credits
Work with the Retail Special Assets group when action is necessary on consumer loans
Oversee REO properties as needed
Facilitate resolution of loans in default or with other high-risk characteristics
Assess issues with problem loans and independently develop and recommend resolution strategies
Identify the most cost-effective resolution for loans and REO properties: retain, exit, or liquidate
Underwrite loan modifications and prepare periodic reports for assigned portfolio loans
Develop and implement repayment plans for problem loans
Negotiate loan modification terms with clients
Recommend risk-rating changes and charge-offs
Present recommendations and action plans to senior management to minimize further credit losses
Serve as primary contact with third parties for monitoring, servicing, restructuring, collecting, liquidating, and pursuing legal action involving the problem loan portfolio
Adhere to applicable federal and state laws, regulations, guidance, and Bank policies and procedures

Requirements

What you’ll need

7 years of experience in special assets management including both C&I and CRE loans involved in litigation and bankruptcy required
Knowledge of bankruptcy and litigation processes
Strong negotiating skills
Ability to work effectively with senior management and other internal/external parties
Understanding of risk grading and accounting concepts
Strong knowledge of current regulatory requirements for loan restructuring and foreclosure, particularly in California and Washington
Strong interpersonal skills and highly collaborative work style
Excellent written and oral communication skills
Strong attention to detail and ability to explain complex situations and resolutions to a broad audience
Strong understanding of credit analysis, administration, policy and procedures
Proficiency with Windows suite of programs, including Excel, Word, Access, and Lotus Notes
A 4 Year / Bachelor's Degree is preferred; additional experience may be considered in lieu of degree
Ability to meet stated physical and vision requirements, with reasonable accommodations available
Ability to occasionally lift and/or move up to 10 pounds

Benefits

Comp & perks

AIP Bonus up to 20%
Medical, prescription, dental, and vision coverage for employees and their eligible family members
Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits
Health Savings Account with employer contribution
Healthcare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit
401(k) and Roth 401(k) with company contribution
529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program
Supplemental Health plans, Voluntary Legal and Identity Theft Services
11 paid holidays
Paid Sick days (accrual of one hour for every 30 hours worked)
Up to 25 paid vacation days
16 hours of paid volunteer time throughout the calendar year
Free personal checking and savings account
Discounted rates on primary residence loan with $0 origination fees (restrictions apply)