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 creating credit spreads by spreading the financial
statements of corporate and individual borrowers and performing cash flow
analysis on the borrowers in the Commercial Lending loan portfolio. Assists Underwriters/Analysts and the
Applicable Department Manager in overall management of credit clients, to
include: requesting and collecting quarterly and annual financial statements,
testing against Key Performance Indicators, and financial covenants; analyzing
historical and projected financial performance, collateral values, and
comparative industry data. Analyzes structures and recommends approval or
decline of various servicing actions including collateral substitutions,
additional guarantors, etc. Ensures that
loans are maintained in accordance with covenants, bank policies and procedures
and Standard Operating Procedures. Assists
in managing Credit Risk associated with Treasury Management products not
necessarily associated with Loan accounts.
Performs all duties in accordance with the company’s policies and
procedures, all U.S. state and federal laws and regulations, wherein the
DUTIES AND RESPONSIBILITIES:
Responsible for spreading the financial
statements and tax returns of clients and prospective clients.
Responsible for performing a thorough review
of current and prospective clients by gathering and analyzing their background
credit and legal information, to validate their credit worthiness and legal
Performs independent credit analysis for
annual reviews, loan renewals or modifications (i.e. prepare financial analysis
of business and personal tax returns and financial statements) and risk rating
May be involved in underwriting and
completion of Credit Approval Memos (CAM), as needed, for smaller credit
transactions on an independent basis. Makes independent decisions regarding
whether credit should be approved.
Prepares Risk Rating change memos under the
supervision of Applicable Department Manager.
Determines initial Debt Service Coverage
Ratio (DSCR) for credits as requested by Applicable Department Manager.
Tests and prepares Key Performance
Indicators and Loan Covenant Compliance.
Works with Loan Servicing to ensure loans
are boarded correctly to ensure data integrity.
Reviews daily overdraft report on assigned
accounts. Works with Applicable Department Manager to avoid losses on
Ensures adherence to the Bank’s loan
policies as well as Standard Operating Procedure, and actively incorporates
them when underwriting credit.
Orders various third party reports timely,
such as, collateral audits, and appraisal environmental reports; and develops
an adequate knowledge of appraisal and environmental reports and policies.
Assists in managing Credit Risk associated
with Treasury Management products not necessarily associated with Loan
Ensures compliance with all applicable
regulations, policies and procedures, and stays abreast of emerging changes to
banking regulation and completes bank training courses on-line.
Actively initiates problem loan
identification and administration, as required. Writes Problem Loan Status
Reports (PLSR’s) as required by policy and quarterly Risk Rating
Certifications. Responsible for ongoing proactive and correct identification
and monitoring of Risk Ratings for Borrowers under the Risk Rating Policies of
the Bank; to ensure there are not Risk Rating upgrades or downgrades, when
audited by internal or external auditors.
people with respect; keeps commitments; inspires the trust of others; works
ethically and with integrity; upholds organizational values; accepts
responsibility for own actions.
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.
policies and procedures; completes tasks correctly and on time; supports the
company’s goals and values.
the position safely, without endangering the health or safety of 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.
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.
KNOWLEDGE, SKILLS, AND ABILITIES:
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).
understanding of basic loan documentation and creating a Perfected Lien.
understanding of accounting and spreading the financial statements.
skills in computer terminal and personal computer operation; Microsoft Office
applications including but not limited to: Word, Excel, PowerPoint and Outlook.
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.
organizational and time management skills. Ability to juggle multiple tasks
oral, written and interpersonal communication skills. Analytical writing skills
to make decisions that have moderate impact on the immediate work unit and
cross functional departments.
to comprehend and explain financial calculations
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.
to make informal and formal presentations, inside and outside the organization;
speaking before assigned team or other groups as needed.
to deal with complex difficult problems involving multiple facets and variables
in non-standardized situations.
to work with little to no supervision while performing duties.
EXPERIENCE AND/OR LICENSES:
degree in accounting, finance, economics or related field required, or
non-business related degree along with sufficient coursework such as Risk
Management Association, Omega credit training, or in-house financial
institution credit training.
or more years of related work experience and/or training preferred. Proficiency
in Intermediate/Financial Accounting 1 and 2 required.
analysis experience related to business and individual financial statements and
tax returns preferred.