VP, Portfolio Manager III - SBA (LA or OC) 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 the development, maintenance, and analysis of SBA Loan Portfolio.
Reviews, 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 SBA SOP 50 10 5(K), covenants, bank policies and procedures
and Standard Operating Procedures.  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. Responsible
    for all aspects of the bank’s SBA portfolio management functions.

  2. Analyzes
    financials, evaluates collateral, assesses deteriorating/non-performing SBA
    credits and recommends workouts/restructures.

  3. 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 standing.

  4. 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 certifications.

  5. Responsible
    for communicating with the SBA origination group and the SAG/MAG group to
    assess and report to the Head of Business Banking and Department Credit
    Administrator any anticipated migration of loans to SAG/MAG.

  6. May be
    involved in underwriting and completion of Credit Approval Memos (CAM), as
    needed. Makes independent decisions regarding whether credit should be
    approved.

  7. Prepares
    Risk Rating change memos under the supervision of Head of Business Banking.

  8. Tests
    and prepares Key Performance Indicators and Loan Covenant Compliance.

  9. Works
    with Loan Servicing to ensure SBA loans are boarded correctly to maintain data
    integrity.

  10. Works
    with SBA Manager and SBA Loan Coordinator to ensure new SBA 7a and SBA 504
    loans are processed, closed, and boarded in adherence of SBA and Bank SOP’s.

  11. Reviews
    daily overdraft report on assigned accounts. Works with Head of Business
    Banking to avoid losses on overdrafts.

  12. Ensures
    adherence to the Bank’s loan policies as well as Standard Operating Procedure,
    and actively incorporates them when underwriting credit.

  13. 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.

  14. Assists
    in managing Credit Risk associated with Treasury Management products not
    necessarily associated with Loan accounts.

  15. 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.

  16. 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.

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

  18. 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.

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

  20. Performs
    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.

  21. 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.


#LI-JE1

ESSENTIAL KNOWLEDGE, SKILLS, AND ABILITIES:

  • Expert
    in compliance of SBA SOP-50 10 5 (K), including but not limited to, all aspects
    of portfolio management, servicing, buying and selling to and from the
    secondary market, and timely reporting to the SBA.

  • Expert
    in loan documentation and creating a Perfected Lien.

  • Strong
    understanding of accounting and spreading the financial statements.

  • 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.

  • Effective
    organizational and time management skills. Ability to juggle multiple tasks
    simultaneously.

  • Exceptional
    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

  • 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 or equivalent combination of education and work experience.

  • Minimum
    ten (10) or more years of related work experience and/or training preferred.

  • Financial
    analysis experience related to business and individual financial statements and
    tax returns preferred.





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