Vp, Underwriter Iii, Specialty Banking

VP, Underwriter III, Specialty Banking

Banc of California, Inc. (NYSE: BANC) is a bank holding company with approximately $9.4 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.

• 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.
• 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.
• Maintains a relationship with the clients in conjunction with Relationship Managers and may make joint customer calls with RM to assess client’s needs, business, and management team.
• Is fluent with the concepts of EBITDA; EBITDAR; Equity Cure; Delayed Draw Term Loan; Fixed Charge Coverage Ratio; Working Capital needs; Accordian; an industry analysis; Global Cash Flow; NOI; Negative and Affirmative Covenants; Derivative; Dilution; suppressed availability; pre billing; subordinated debt; mezzanine debt; Sponsor; compliance certificate; Cash Flow Leverage; KYC/BSA; Beneficial Ownership; Swing Line; SNC; Club Deal;
• Performs other duties and projects as assigned.
• Independently and proactively initiates problem loan identification and administration and writes Problem Loan Status Reports (PLSRs) as necessary and applicable.
• Should be very well versed in modeling income statement, balance sheet and cash flow over multiple years, as well as extensive real estate schedules, and be able to perform a downside and break-even projection analysis with limited input. Can work with company CFO’s to assure the projections they provide cover all necessary concepts. Understands non cash and non-recurring income and expense items to be able to arrive at a reasonable level of Adjusted EBITDA for underwriting purposes. Has a good grasp of taxation to be able to model future taxes for borrowers.
• 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.
• Independently evaluates and structures complex credit requests, including, but not limited to asset-based lending, term loans, commercial real estate loans, bridge loans, guidance lines, buy and sell side syndicated credits, buyout financing with corporate sponsors to include enterprise value or cash flow credit facilities.
• Provides guidance and mentoring to Credit Analysts and/or junior Credit Officers regarding more complex transactions that they assist with. Reviews the work completed by the Credit Analyst or junior Credit Officers and communicates the review findings to the individuals.
• Works with Loan Coordinators to obtain due diligence information needed to underwrite the credit request, perform annual reviews, and/or monitor covenant compliance.
• Recommends credit actions by preparing the Credit Approval Memorandum (“CAM”) which is submitted to Credit Administration for final decision.
• Performs independent credit analysis and risk assessment of new and existing credit requests. Including, but not limited to, preparing analysis of financial statements for privately held and Sponsor owned companies from quality of earnings reports, financial projections and audited statements.
• Has an advanced knowledge of asset-based lending guidelines and reviews borrowing base reports, collateral exams, and inventory appraisals. Has an advanced knowledge of appraisal and environmental reports to perform independent analysis of appraisal and environmental reports.
• Oversees the Letters of Interest (LOI) and insures consistency between the loan documents and the CAM.
• Is familiar with the concepts of Direct and Indirect Leveraged Lending and is able to prequalify a company as being a Leveraged Loan or not.
• Ensures compliance with all applicable regulations, policies and procedures. Keeps up with changes to banking regulation and completes bank training courses on-line, and on time.
• Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
• Understands complex corporate structures and is able to recommend the best borrowing structures to protect the bank. In conjunction with Relationship Manager, involved in drafting and negotiating complex loan documents prepared by outside law firm or in-house counsel.
• Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.

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.

• Strong working knowledge of the Bank’s Loan Policies and Standards.
• Strong skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook.
• Ability to comprehend and explain financial calculations and pricing alternatives
• 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.
• Understands very complex loan documentation and collateral perfection.
• 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.
• 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).
• Ability to make decisions that have moderate impact on the immediate work unit and cross functional departments.
• Exceptional oral, written and interpersonal communication skills. Analytical writing skills a must.
• Effective organizational and time management skills.
• 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 work with little to no supervision while performing duties.

• Intermediate/Financial Accounting 1 and 2 needed.
• Bachelor's degree in accounting, finance, economics or related field and/or 8-10 years of related work experience and/or formal credit training.
• Work related experience should consist of a good to strong understanding of lending, specifically, cash flow and collateral analysis and loan structuring.

SALARY RANGE: $120,000.00 - 165,000.00; Exact compensation may vary based on skills, experience, and location.