Assistant Manager, C&I Special Assets at Fremont Bank

Title: Assistant Manager, C&I Special Assets

Job Location: Livermore, CA

Hiring Salary Range: $115,900.00 to $156,500.00 annually

Position Summary

Fremont Bank — one of the Bay Area’s most respected and long-standing financial institutions — is seeking a strategic, hands-on professional to join and help advance our Commercial Special Assets team. This is a high-impact opportunity to contribute to the success of a mission-driven organization committed to excellence, community service, and strong client relationships.

If you're energized by purpose-driven work, collaboration, and delivering meaningful results, we’d love to connect.

Why Fremont Bank?

Founded in 1964, Fremont Bank is one of the oldest independently owned banks in the Bay Area and has been consistently recognized as a Top Workplace for the past 15 consecutive years. Our foundation is built on relationships — with our clients, our associates, and our communities.

We offer:

• A people-first culture grounded in inclusion and excellence
• Deep community involvement and local reinvestment
• A mission-driven workplace where values and performance go hand in hand
  
  

The Fremont Bank Way

• Full-Service Banking with comprehensive financial solutions, advanced technology, and exceptional service
• No-Compromise Approach — we help clients get to "yes"
• Core Values:
• Go above and beyond for clients
• Foster a supportive and empowering environment for associates
• Deeply invest in the well-being of our local community
  
  

Position Overview

As the Assistant Manager, C&I Special Assets you will support the restructuring of distressed borrower relationships and adversely graded loans within the Bank’s portfolio. This includes secured and unsecured commercial loans, land and construction loans, income property loans, and private banking lines.

Key responsibilities include underwriting and managing classified loan relationships, collaborating with the SAD Credit Analyst on monthly and quarterly reporting, and contributing to the department’s goal of reducing classified assets and minimizing loan losses. You’ll ensure compliance with all relevant laws, regulations, and internal lending policies.

This role involves detailed financial analysis, including cash flow assessments and impairment evaluations, and requires both independent and team-based work to meet departmental and organizational objectives.

Role And Responsibilities

• Assist with special projects such as annual loan monitoring, Credit Review and/or Audit Request as needed
• Manage a portfolio of criticized and classified loans as assigned, to minimize delinquency and charge-offs
• Meet with problem loan customers to evaluate the severity of the problem and develop recommendations to improve the likelihood of repayment and minimize risk of loss to the Bank
• Obtain, manage, and dispose of repossessed assets in an efficient and timely manner
• Ensure the risk rating, accrual status and loan loss provisions of the assigned portfolio accurately reflect the risk of those assets
• Ensure that downgrades and/or charge-offs are recommended on a timely basis.
• Provide guidance regarding the early identification, evaluation of and potential strategies for deteriorating loan situations to lending staff on smaller, non-complex business purpose credits not formally assigned to Special Assets to minimize losses and maximize recoveries
• Negotiate with debtors or their representatives to secure repayment agreements and monitor adherence to the terms of approved repayment agreements. After overseeing the negotiation process, submit modifications and/or recommendations for approval to the appropriate committee.
• Assist with special projects such as annual loan monitoring, Credit Review and/or Audit Request as needed
• Provides quality and timely analysis and reporting, as required
  
  

Minimum Qualifications

• Bachelor’s Degree (Finance or Accounting preferred) or 5 years equivalent experience in workouts
• Three years plus of experience in loan workout of C&I and CRE
• Strong understanding of and experience in commercial loan underwriting, structuring, approval and documentation
• Knowledge of the Fair Debt Collection Protection Act
• SBA operations and lending experience is desirable
• Knowledge of the Bay Area industries and real estate market preferred
• Ability to use understanding of business and other economic issues to logically assess and analyze the potential risks of problem credits for efficient resolution
• Analytical skills, including strong problem-solving and critical thinking
• Clear communicator who can respond clearly and persuasively in all situations
• Original thinker who brings creativity to dealing with work problems and opportunities, meeting challenges with resourcefulness
• Ability to work in a fast-paced, challenging environment and deliver on time, accurate work
• Advanced Microsoft Excel skills and competence using Outlook, Word, and PowerPoint
• Understanding of Global Cash Flow, business financial statements, and spreading software
• Must be flexible with schedule, including weekends and holidays, to ensure work completion as determined by business needs.
• Ability to complete typing and numerical entries repetitively, and using a computer for extended periods of time.
  
  

What Makes Fremont Bank Associates Thrive?

• Team Players who go above and beyond to support their colleagues
• Action-Oriented professionals who challenge the status quo and seek improvement
• Purpose-Driven individuals who understand and champion the bank’s community impact
  
  

Benefits Snapshot

Health & Wellness

• Medical, dental, and vision insurance
• Flexible Spending Accounts (FSA, Dependent Care, Health Savings)
  
  

Financial & Retirement

• Employee Stock Ownership Plan (ESOP)
• 401(k) with employer match
• Performance-based bonuses or incentives
  
  

Work-Life & Perks

• Paid holidays, vacation, sick time, and parental leave
• Free personal checking and savings accounts
• Home loan rate discounts
• Tuition reimbursement and professional development resources
• On-site gym and discounted health club memberships
• Employee Assistance Program (EAP)
  
  

Equal Opportunity Employer

Fremont Bank is proud to be an Equal Opportunity Employer. We are committed to creating an inclusive environment for all employees, regardless of race, color, religion, sex, gender identity, sexual orientation, national origin, age, disability, veteran status, or any other protected classification.

Salary Range

The hiring salary range for this position is $115,900.00 to $156,500.00 annually, based on factors such as experience, skills, education, and internal equity. Compensation decisions are made in consideration of these factors and in alignment with Fremont Bank’s compensation philosophy.

Employee Stock Ownership Plan (ESOP)

The Employee Stock Ownership Plan (ESOP) is a way for Fremont Bank to contribute to the financial well-being of associates by making a contribution to their retirement account. In addition, the ESOP provides associates an opportunity to share in the growth and prosperity of Fremont Bank.

Note to Search Firms:

Fremont Bank does not accept unsolicited resumes from search firms or agencies without a signed service agreement. Unsolicited resumes will be considered the property of Fremont Bank, and no fees will be paid.