VP, Underwriter, Commercial Real Estate & Construction at Banc of California in San Francisco, California

Job Description:

VP, Underwriter, Commercial Real Estate & Construction

Banc of California, Inc. (NYSE: BANC) is a bank holding company with approximately $8 billion in assets and one wholly-owned banking subsidiary, Banc of California, N.A. (the “Bank”). With our 600+ 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 providing financial, credit, and trend analysis for the delivery of the Banks credit products and services to clients and prospects.  Keeps apprised of industry related, political and regulatory issues to determine their impact on specific industries or clients. Acts independently from the sales teams to structure and evaluate credit requests.  Responsible for attaining established Bank and divisional financial goals, balance sheet limits and portfolio reporting.  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 moderately complex credit requests; assists sales teams in development of credit structure and risk assessments for new credit requests and changes to existing credits.


2. Reviews credit analysis of new and existing credit requests and prepares financial analysis of tax returns (personal and business), analyzes 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. Plays key role in working with loan coordinators to obtain information needed to underwrite the credit requests.


6. Oversees the Letters of Interest (LOI) and insures consistency between the loan documents and the CAM.


7. Regularly will join relationship managers on client calls and visits to discuss new credit requests.


8. Takes lead and reviews work/spreads completed by credit analysts and provides feedback and guidance.


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. Performs independent analysis of appraisal, environmental reports, and other third party reports including collateral audits and inventory or M&E appraisals.


11. Assigns risk rating on new loan requests according to bank policy. 


12. Responsible for reviewing the calculations for spreads and due diligence documentation once completed by credit analysts.


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


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


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


16. 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.


17. 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.


18. 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.

• 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.


• Strong organizational and time management skills.


• 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 moderately complex 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 7 + years of related work experience; or equivalent combination of education and experience.


• Expert understanding of financial accounting knowledge preferred.


• Preferred knowledge in lending, specifically, cash flow and collateral analysis and loan structuring.


• Financial analysis experience for business financial statements, individual’s financial statements and tax returns preferred.


• Exposures to syndicated credits as a participant and in most types of credit products including derivatives preferred.

Salary: