VP, Underwriter SBL

Description

BANC OF CALIFORNIA AND YOUR CAREER

Banc of California, Inc. (NYSE : BANC) is a bank holding company headquartered in Los Angeles with one wholly-owned banking subsidiary, Banc of California (the "bank"). Banc of California is one of the nation's premier relationship-based business banks focused on providing banking and treasury management services to small, middle-market, and venture-backed businesses. Banc of California offers a broad range of loan and deposit products and services, with full-service branches throughout California and Denver, Colorado, as well as full-stack payment processing solutions through its subsidiary, Deepstack Technologies. The bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more.

At Banc of California, our success is driven by our people, and we take pride in fostering an environment where everyone can reach their full potential. We embrace a culture of empowerment, progressive thinking, and entrepreneurial spirit, ensuring our team members have an opportunity to make an impact and play an important role in the future of Banc of California. Our core values - Entrepreneurialism, Operational Excellence, and Superior Analytics - empower us in creating a dynamic and inclusive workplace. We are committed to supporting your growth and well-being with comprehensive benefits, career development programs, a variety of employee resource groups, and more. TOGETHER WE WIN®

THE OPPORTUNITY

The VP, Underwriter will perform analysis, due diligence and underwriting of proposed Small Business Administration loan requests. Review initial borrower submissions, perform analysis of information submitted and prepare a written credit presentation of construction, real estate, and commercial loan requests. The primary purpose of this position is to independently evaluate the credit worthiness of loan requests covering both existing customers and new credit relationships. Aside from performing financial analysis and cash flow calculations as well as the determining the viability of each credit request based on Banc of California's lending criteria, the position holder is responsible for the timely, effective and efficient completion of required underwriting tasks to make recommendations and creating the appropriate Loan Report for eventual forwarding to and obtaining approval from Credit Management. The underwriter interacts and effectively communicates with Bank personnel and with existing or prospective 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.

HOW YOU'LL MAKE A DIFFERENCE

Review and evaluate loan application packages for completeness and eligibility under Small Business Lending Loan Program guidelines.

Develop thorough understanding of the nature and history of the applicant's business, the market in which the business operates, and assess the capability of its management.

Complete spreadsheet of financial statements and / or tax returns.

Analysis of tax returns, financial statements, and cash flow calculations.

Effectively function as a member of the deal team to assess the credit worthiness of prospective borrowers.

Recommend the approval, decline and / or restructuring of specific loan request.

Identify the credit risk and suggest mitigants. Apply appropriate asset-based lending techniques when evaluating collateral where applicable.

Prepare and complete the Loan Report for submission and approval of Small Business Administration Loan Program request by Credit Management.

Participate in credit committee meetings as appropriate.

Assist in the preparation and completion of Commitment Letters (as needed) to ensure that the approval conditions imposed by Credit Management are spelled clearly to all parties.

Review documents related to loan request, including but not limited to, UCC filings, appraisal report, Title policies & issues, lease agreements, credit reports, etc.

Review loan documents to ascertain key components of the credit facility.

Ensures compliance with all Bank's policies.

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)

Required :

Experience with structure and rules associated with government guaranteed loan products (7a, 504, and USDA)

PC proficient with emphasis in Word and Excel

Excellent composing and writing skills

Ability to communicate verbally with a wide range of people

Responsiveness, judgment, maturity, integrity, and time management skills

Must be a self-starter and able to multi-task, work efficiently on own and team environment, and be readily adaptable to change

Ability to work under pressure and meet completion time tables

Strong financial analytical skills with the ability to evaluate complex financial statements and complicated business and personal tax returns

Preferred :

Experience in underwriting various Commercial Real Estate properties

Treat people with respect; keep commitments; inspire the trust of others; work ethically and with integrity; uphold organizational values; accept responsibility for own actions.

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.

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

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.

WHAT YOU'LL BRING

Experience :

• Required : Minimum of 6-8 years of underwriting experience in real estate, construction and commercial financing including valuation and asset management and financial analysis

Education & Certifications :

HOW WE'LL SUPPORT YOU

Financial Security : You will be eligible to participate in the company's 401k plan which includes a company match and immediate vesting.

Health & Well-Being : We offer comprehensive insurance options including medical, dental, vision, AD&D, supplemental life, long-term disability, pre-tax Health Savings Account with employer contributions, and pre-tax Flexible Spending Account (FSA).

Building & Supporting Your Family : Banc of California partners with providers that offeradoption, surrogacy, and fertility assistance as well as paid parental leave and family support solutions including care options for your family.

Paid Time Away : Eligible team members receive paid vacation days, holidays, and volunteer time off.

Career Growth Opportunities : To support career growth of our team members, we offer tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning, and more.

SALARY RANGE

The base salary ultimately offered is determined through a review of education, industry experience, training, knowledge, skills, abilities of the applicant in alignment with market data and other factors.

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.

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws.

For further information, please review the Know Your Rights () notice from the Department of Labor.

Equal Opportunity Employer

PacWest Bancorp and its affiliates are fully committed to the principles of equal opportunity and diversity. We take pride in building a workplace culture where all employees feel supported and respected, and have equal access to career and development opportunities without regard to race, religion / creed, color, national origin, age, marital status, ancestry, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), gender identity / expression, sexual orientation, veteran status, physical or mental disability, medical condition, military status, genetic information, or any other characteristic protected by federal, state or local laws.