Portfolio Manager I at Banc of California

Posted in Banking 19 days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Los Angeles, California





Job Description:

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.

 

JOB
SUMMARY:


Responsible for assisting with the
post-closing tasks in partnership with the relationship managers once the
credit team ensures data integrity. Assists with monitoring assigned credit portfolio
for covenant compliance, collateral monitoring, and credit deterioration in the
tickler management system, as applicable. Coordinate the annual reviews of
loans and identify any risk rating changes.  Participates in determining the credit
worthiness of the borrower and provides recommendations on credit decisions to credit
administration remaining cognizant of the risk implications, audit controls and
requisite documentation. 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:


  1. Coordinates with the underwriting team to understand new credits and/or
    changes to existing credits and determines appropriate loan covenants to
    provide early triggers to detect deterioration of the credit.

  2. Inputs and proactively monitors assigned credit portfolio by using CASH
    for monitoring of ticklers and covenants, as applicable.

  3. Reviews and inputs as needed appropriate loan codes to insure proper
    reporting and CECL data collection. 

  4. Partners with relationship managers and credit analysts to obtain
    information needed to perform annual reviews, and/or monitor covenant
    compliance.

  5. Assists with the analysis of appraisal and environmental reports for
    annual reviews.

  6. Assists with problem loan identification and elevation of possible
    risk rating changes to the underwriting team.

  7. Plays key role in working with underwriting teams to ensure audit
    and exam readiness.

  8. Works with other underwriting team members to ensure compliance with all
    applicable regulations, policies and procedures. Keeps abreast of changes to
    banking regulation and completes bank training courses on-line.

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

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

  11. 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.

  12. 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.

  13. 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).

  • Working
    knowledge of the Bank’s Loan Policies.

  • Understands
    moderately to complex loan documentation and collateral perfection.

  • Solid skills
    in computer terminal and personal computer operation; Microsoft Office
    applications including but not limited to: Word, Excel, PowerPoint and Outlook.

  • Effective
    organizational and time management skills.

  • Solid
    understanding of lending, specifically, cash flow and collateral analysis and
    loan structuring.

  • 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 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 preferred and 1 to 2 years of related work experience and/or training;
    or equivalent combination of education and experience.

  • Previous
    experience should include roles requiring cash flow and collateral analysis and
    loan structuring.

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

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





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