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 the credit origination process and portfolio management of existing portfolio in accordance with established Banc Standards and Procedures. Manages a team of Underwriters and Credit Analysts, who determine the credit worthiness of the borrower and an appropriate credit structure. 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.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Is responsible for his/her team’s credit origination overall in terms of appropriateness of risk ratings and timeliness of acting on changes in the borrower, quality of Credit Approval Memorandum (“CAM”) and ability to underwrite in a quick and precise fashion.
Communicates and manages loan origination assignments to the Underwriter and Credit Analyst team.
Sets goals for the team and is responsible for performance plans and evaluations of his/her team members.
Conducts regular team meetings to discuss origination statuses and to address any issues.
Able to evaluate highly complex credit requests; assist Relationship Managers and Underwriters in development of new business and credit structure and risk assessments; independently originate new credits and renewals and ensures the CAM submitted to Credit Administration contains an appropriate recommendation for final approval. Determines and assists Relationship Managers in negotiating appropriate loan covenants to provide early triggers to detect deterioration of the credit.
Provides direction to Underwriters regarding very complex credit requests, loan documentation and collateral perfection.
Oversight of Underwriter’s independent credit analysis of loan packages and verifies Underwriters credit judgment and decisions as to recommending the credit.
Proactively incorporates the Bank’s Loan Policies when reviewing credits.
Develops a strong working relationship with Relationship Managers, Head of Business Banking, Credit Administration, Loan Administration and other groups that support the of business.
Ensures compliance with all applicable regulations, policies and procedures. Keeps up with changes to banking regulation and completes bank training courses on time.
Assists with the monitoring and reporting of origination process activities and KPIs.
Participates in the updating and revision of Standards, Policies, and Procedures, as required.
Participates in the Business Continuity Plan (BCP), as required.
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.
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.
Intermediate accounting skills.
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 or seven (7) or more years of related work experience and/or training.
Work related experience must consist of a strong understanding of lending, specifically, cash flow and collateral analysis and loan structuring.
Financial analysis experience working with business financial statements and tax returns and individual financial statements and tax returns required.
Three (3) or more years of managerial experience required.