Banc of California, Inc. (NYSE: BANC) is a bank holding company with approximately $9 billion in assets and one wholly-owned banking subsidiary, Banc of California, N.A. (the “Bank”). With our 700+ dedicated professionals, we provide customized and innovative banking and lending solutions to businesses, entrepreneurs and individuals throughout California. We proudly partner with community organizations that provide financial literacy, job training, small business support, and affordable housing to help improve the communities where we live and work. With a commitment to service and building enduring relationships, we provide a higher standard of banking.
Responsible for approval of credits per assigned lending authority, and credit oversight for the assigned banking team. Works closely with the business unit leader and relationship managers to ensure quality lending. 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 business unit head and relationship managers to evaluate and communicate to management the credit worthiness of the borrower. Ensures the performance of 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:
Evaluates and provides a decision on all credit requests within delegated lending authority. Performs independent analysis of loan packages, including a review of financial spreads, credit analysis, projections, and debt service adequacy. Exercises good credit judgment and makes an independent decision as to approval of the credit request.
Assists Relationship Managers in development of new business by assisting with credit structure and risk assessments; independently reviews new credits and renewals submitted to the CCO with a recommendation for final approval. Consult with Relationship Managers in structuring appropriate loan covenants to provide early triggers to detect deterioration of the credit.
Help guide Relationship Managers as to information needed to perform annual reviews, including if necessary, site visits and phone calls. When necessary, make joint customer calls with Relationship Managers to assess business and management teams, as it relates to issues that may affect credit risk.
Proactively monitor the credit portfolio by coordinating with Portfolio Management Group such that no credit goes past due at maturity. Reviews delinquency reports and discuss with the Relationship Manager any credit risk issues. Assist the Relationship Managers with the creation of credit action recommendation memoranda based on independent investigation of assigned accounts.
Support the data integrity initiatives by working with Loan Servicing to ensure loans are boarded correctly.
Participates in the development and recommendation of departmental policies and procedures, as well as new products. This can include both the drafting and review of policies / standards.
Assist the business units in new product development by providing risk analysis and helping usher product through the appropriate committee channels.
Ensure compliance with all applicable regulations, policies, and procedures including SBA regulations and compliance regulations. Keeps up with changes to banking regulation and completes bank on-line training courses on-line.
Responsible for initiating problem loan identifications, when necessary, and administration to the appropriate party. 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. Help ensure the business banking team is proactive in risk assessment for the portfolio.
Supports the Bank’s Credit Review team in its analysis of the various loans in the portfolio, helping to answer any questions they may have.
Performs concentration reviews of the lending portfolio with recommendations for appropriate limits, and stress testing; provides early warning of anticipated portfolio or individual loan distress.
Assume a mentoring role with Relationship Managers, underwriting teams, and portfolio managers relating to the quality of CAMs and ability to underwrite in a quick and precise fashion. Help guide credit related teams overall in terms of appropriateness of risk ratings and timeliness of acting on changes in the borrower, along with the timeliness of renewals.
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.
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 required and ten (10) or more years of related work experience and/or training.
10 + years of work related experience must consist of a strong understanding of lending, specifically, cash flow and collateral analysis and loan structuring.
Additional experience in SBA regulations, compliance, policies and structuring.
Financial analysis experience for business and individual financial statements and tax returns required.