What you will do:

• Work autonomously and with a team to assess issues with problem loans. Independently develop and recommend strategies to resolve the loans.
• Identify the most cost-effective resolution (retain, exit, liquidate) for loans and REO properties.
• Underwrite loan modifications, prepare periodic reports for loans in the assigned portfolio.
• Develop and implements repayment plans for problem loans.
• Negotiate loan modification terms with clients.
• Recommend risk rating changes and charge offs.
• Apply strong deductive thinking skills that support recommendations presented to senior management along with action plans to minimize further credit losses.
• Primary contact with related third parties in monitoring, servicing, restructuring, collecting, liquidating, and pursuing legal action of problem loan portfolio.
• Regulatory responsibilities include: 1) adhering to and complying with the applicable, federal and state laws, regulations and guidance; 2) adhering to Bank policies and procedures.
• Travel Required: 0-10%

Who you are:

• 4 Year / Bachelors Degree preferred.
• Additional experience may be considered in lieu of degree.
• 7 years of experience in special assets management including both C&I and CRE loan involved in litigation and bankruptcy required.
• Knowledge of bankruptcy and litigation processes along with strong negotiating skills are essential.
• Ability to work effectively with senior management and other internal/external parties.
• Understanding of risk grading and accounting concepts is required.
• Strong knowledge of current regulatory requirements for loan restructuring and foreclosure, particularly in California and Washington.
• Strong interpersonal skills and highly collaborative work style is essential.
• Excellent communication skills -- written and oral;
• 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.
• Proficient with Windows suite of programs (Excel, Word, Access, Lotus Notes).

ADA Requirements:

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
• The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• While performing the duties of this job, the employee is regularly required to sit and talk or hear, and use hands to finger, handle, or feel objects, tools, or controls.
• The employee is occasionally required to stand; walk; reach with hands and arms; and stoop, kneel, crouch, or crawl.
• The employee must occasionally lift and/or move up to 10 pounds.
• Specific vision abilities required by this job include close vision.
• The noise level in the work environment is usually moderate.

#LI-ML1

Pay Range: $130,000 - $175,000 annually

AIP Bonus up to 20%

Our comprehensive employee benefits program is designed for you to live your best life at work, home, and everywhere in between. Employees working 25 hours or more per week are eligible for health benefits effective the first day of the month following or coinciding with their date of hire.
Benefits package includes[1]:

• 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, and 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)

Final compensation package will be determined by the work experience, education, and/or skill level of the applicant along with internal equity and alignment with geographic market data.

• Mechanics Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, religion, national origin, age, genetic information, veteran status, or on the basis of disability, gender identity, sexual orientation or other bases prohibited by applicable law.

• Please view Equal Employment Opportunity Posters provided by OFCCP here.

• To learn more about Mechanics Bank’s California privacy and security policies, including your right to a Notice At Collection as a California Resident, please visit

  California Privacy Policy for Prospective Employees | Mechanics Bank

[1] The benefits listed in this job posting reflect the Bank’s most reasonable and genuinely expected benefits offered for this position.