VP, Underwriter Team Lead at Banc of California

Posted in Banking 7 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 providing financial,
credit, and trend analysis for the delivery of the Banks credit products and
services to clients and prospects.  Oversees the supervision of entire
underwriting group 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.  Provides leadership, training,
and supervision; delegates day to day operations to the appropriate subordinate
personnel.  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. This role will train, teach and develop
    staff. Actively manage, coach, and counsel individuals to improve their
    understanding of underwriting responsibilities and the significance of
    underwriting and risk management.

  2. 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.

  3. 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.

  4. 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. 

  5. Recommends
    credit actions by preparing the Credit Approval Memorandum (“CAM”) which is
    submitted to credit administration for final decision.

  6. Plays
    key role in working with loan coordinators to obtain information needed to underwrite
    the credit requests.

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

  8. Frequently
    will join relationship managers on client calls and visits to discuss new
    credit requests.

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

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

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

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

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

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

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

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

  17. 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.

  18. 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.

  19. 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).

  • 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.

 
EDUCATION, EXPERIENCE AND/OR LICENSES:

  • Bachelor's
    degree preferred and 7 + years of related work experience; or equivalent
    combination of education and experience and 4 years of management 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.





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