Job Abstract

ID

2024-3648

Category

Credit

Type

Regular Full-Time

Banc of California, Inc. (NYSE: BANC) is a bank holding company headquartered in Los Angeles with one wholly-owned banking subsidiary, Banc of California (the “bank”). Banc of California is one of the nation’s premier relationship-based business banks focused on providing banking and treasury management services to small-, middle-market, and venture-backed businesses. Banc of California offers a broad range of loan and deposit products and services through more than 70 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, as well as full-stack payment processing solutions through its subsidiary, Deepstack Technologies. The bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more.

Job Summary

Responsible for assisting with the post-closing tasks in partnership with the relationship managers once the credit team ensures data integrity. Assists with monitoring assigned credit portfolio for covenant compliance, collateral monitoring, and credit deterioration in the tickler management system, as applicable. Coordinate the annual reviews of loans and identify any risk rating changes. Participates in determining the credit worthiness of the borrower and provides recommendations on credit decisions to credit administration remaining cognizant of the risk implications, audit controls and requisite documentation. Keeps apprised of industry related, political and regulatory issues to determine their impact on specific industries or clients. Performs all duties in accordance with the company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.

• Coordinates with the underwriting team to understand new credits and/or changes to existing credits and determines appropriate loan covenants to provide early triggers to detect deterioration of the credit.
• Inputs and proactively monitors assigned credit portfolio by using CASH for monitoring of ticklers and covenants, as applicable.
• Reviews and inputs as needed appropriate loan codes to insure proper reporting and CECL data collection.
• Partners with relationship managers and credit analysts to obtain information needed to perform annual reviews, and/or monitor covenant compliance.
• Assists with the analysis of appraisal and environmental reports for annual reviews.
• Assists with problem loan identification and elevation of possible risk rating changes to the underwriting team.
• Plays key role in working with underwriting teams to ensure audit and exam readiness.
• Works with other underwriting team members to ensure compliance with all applicable regulations, policies and procedures. Keeps abreast of changes to banking regulation and completes bank training courses on-line.
• Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
• Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
• Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
• Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.
• Performs other duties and projects as assigned.

Banc of California is an equal opportunity employer committed to creating a diverse workforce. All qualified applicants will receive consideration for employment without regard to age (40 and over), ancestry, color, religious creed (including religious dress and grooming practices), denial of Family and Medical Care Leave, disability (mental and physical) including HIV and AIDS, marital status, medical condition (cancer and genetic characteristics), genetic information, military and veteran status, national origin (including language use restrictions), race, sex (which includes pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), gender, gender identity, gender expression, and sexual orientation. If you require reasonable accommodation as part of the application process please contact Talent Acquisition Partner.

• Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act), Fair Housing Act (FHA), Home Mortgage Disclosure Act (HMDA), Real Estate Settlement Procedures Act (RESPA), Fair Credit Reporting Act (FCRA), Bank Secrecy Act (BSA) in conjunction with the USA PATRIOT Act, Anti-Money Laundering (AML) and Customer Information Program (CIP), Right to Financial Privacy Act (RFPA, state and federal) and Community Reinvestment Act (CRA).
• Working knowledge of the Bank’s Loan Policies.
• Understands moderately to complex loan documentation and collateral perfection.
• Solid skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook.
• Effective organizational and time management skills.
• Solid understanding of lending, specifically, cash flow and collateral analysis and loan structuring.
• Strong oral, written and interpersonal communication skills. Analytical writing skills a must.
• Ability to make decisions that have moderate impact on the immediate work unit and cross functional departments.
• Ability to comprehend and explain financial calculations and pricing alternatives.
• Ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence and procedures, and speak clearly to customers and employees.
• Ability to make informal and formal presentations, inside and outside the organization; speaking before assigned team or other groups as needed.
• Ability to deal with complex difficult problems involving multiple facets and variables in non-standardized situations.
• Ability to work with little to no supervision while performing duties.
• Bachelor's degree preferred and 1 to 2 years of related work experience and/or training; or equivalent combination of education and experience.
• Previous experience should include roles requiring cash flow and collateral analysis and loan structuring.
• Financial analysis experience for business financial statements, tax returns and individual’s financial statements and tax returns preferred.
• Experience in syndicated credits as a participant and in most types of credit products including derivatives preferred.

Salary Range: $68,040.96- 85,038.72 USD; Final salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with geographic/market data.