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VP, Underwriter III – Business Banking at Banc of California

Posted in Banking 30+ days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Santa Ana, California





Job Description:

Since 1941, Banc of California (NYSE:BANC) has provided full-service banking and lending to individuals and their businesses, families and employees throughout California and across the West.
 
Today, with over $10 billion in consolidated assets, we are large enough to meet our clients’ banking needs, yet small enough to care and serve them well. Banc of California’s strong balance sheet, deep community roots and commitment to lasting and meaningful relationships are the foundation for its long record of success.
 
JOB SUMMARY:
 
Responsible for providing financial, credit, and trend analysis for the delivery of the Banks credit products and services to clients and prospects. Monitors assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration, as applicable.  Keeps apprised of industry related, political and regulatory issues to determine their impact on specific industries or clients. Acts in an independent fashion from the sales teams to structure and evaluate credit requests.  Is responsible for determining the credit worthiness of the Borrower and recommending credit decisions to Credit Administration. 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.
 
ESSENTIAL DUTIES AND RESPONSIBILITIES:



  1. Evaluates credit requests; assists sales teams in development of credit structure and risk assessments for new credit requests and changes to existing credits.



  2. Generally, performs independent credit analysis of new and existing credit requests.  Including but limited to preparing financial analysis of tax returns (personal and business), analysis of financial statements and financial projections and is well versed in modeling a sensitivity and break-even projection analysis.



  3. Independently underwrites new credits and/or changes to existing credits and determines appropriate loan covenants to provide early triggers to detect deterioration of the credit. 



  4. Recommends credit actions by preparing the Credit Approval Memorandum (“CAM”) which is submitted to Credit Administration for final decision.



  5. Works with Loan Coordinators to obtain information needed to underwrite the credit request, perform annual reviews, and/or monitor covenant compliance.



  6. Maintains a relationship with the clients in conjunction with Relationship Managers and may make joint customer calls with Relationship Manager to assess client’s needs, business, and management team.



  7. Provides guidance to Credit Analysts and/or other Underwriters regarding more complex transactions.



  8. Reviews the work completed by the Credit Analyst and communicates the review findings to the Credit Analyst.



  9. Ensures compliance with all applicable regulations, policies and procedures. Keeps up with changes to banking regulation and completes bank training courses on-line.



  10. Has an adequate knowledge of appraisal and environmental reports to perform independent analysis of appraisal and environmental reports.



  11. Proactively monitors assigned credit portfolio by using CASH for monitoring of ticklers and covenants, as applicable.



  12. Reviews daily overdraft report on assigned accounts and works with sales teams to avoid losses on overdrafts, as applicable.



  13. Independently and proactively initiates problem loan identification and administration and writes Problem Loan Status Reports (PLSRs) as necessary and applicable.



  14. Responsible for ongoing proactive and correct identification and monitoring of Risk Ratings for Borrowers under the Risk Rating Policies of the Bank such that the office does not have Risk Rating misses either up or down grades when audited by internal or external auditors, as necessary and applicable.



  15. Ensures compliance with all applicable regulations, policies and procedures. Keeps up with changes to banking regulation and completes bank training courses on-line.



  16. Participates in the Business Continuity Plan (BCP), as required.



  17. Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.



  18. Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.



  19. 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.



  20. 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.



  21. 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.

ESSENTIAL KNOWLEDGE, SKILLS, AND ABILITIES:



  • 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).



  • Strong working knowledge of the Bank’s Loan Policies.



  • Understands very complex loan documentation and collateral perfection.



  • Strong skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook.



  • Advanced math skills; calculate interest and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.



  • Effective organizational and time management skills.



  • Exceptional 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.


 
EDUCATION, EXPERIENCE AND/OR LICENSES:


  • Bachelor's degree in accounting, finance, economics or related field preferred and/or 7+ years of related work experience and/or training.  



  • Intermediate/Financial Accounting 1 and 2 preferred.



  • Work related experience should consist of a good to strong understanding of lending, specifically, 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.