What are the responsibilities and job description for the AVP, Special Assets Manager position at Axos Bank?
- Manage real estate owned including physical security, maintenance, repair, and preparation for sale
- Assist in the development of disposition strategy for troubled assets including analysis of feasibility for alternative uses and preparation of construction and / or repair estimates
- Manage the bidding, requests for proposal and governmental approval process for real estate owned
- Assist in the development and management of the Single-Family Residential Loan Program(in pilot process now)
- Oversee the construction process for real estate owned related repairs and maintenance
- Assists in all aspects of the commercial construction loan disbursement administration
- Prepare, organize and review loan draw packages, ensuring quality, completeness and accuracy and recommend disbursements as appropriate
- Engage construction inspectors and title companies to facilitate submitted draw requests, including inspection requests, title date downs and endorsements
- Review and escalate issues with respect to requested construction draws
- Ensure construction loans are in balance, obtaining necessary /required conditional releases for current submitted draws and unconditional releases for past draws
- Review loan budgets and evaluate draw packages
- Orders third-party cost/construction reviews as appropriate.
- Conduct pre-construction meetings with the general contractors and borrowers as appropriate
- Conduct site visits of real estate owned and pre and post funding site visits of construction projects
- Perform other duties as may be assigned from time to time by management
- Bachelors Degree
- 4 years experience with underwriting, credit risk, portfolio management, and/or lending
- Familiarity with banking regulations and compliance requirements
- Strong financial analysis and communication skills
- 3 years experience with GSE loss mitigation
Axos Employee Benefits Include:
- Compensation for this position includes a Semi-Annual Bonus Plan
- 3 weeks’ Vacation, Sick leave, and Holidays (about 11 a year); Medical, Dental, Vision, Life insurance and more
- HSA or FSA account and other voluntary benefits
- 401(k) Retirement Saving Plan with Employer Match Program and 529 Savings Plan
- Employee Mortgage Loan Program and free access to Self-Directed Trading
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.
