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Credit Analyst I - Business Banking & Numerated Deals at Banc of California

Posted in Banking 30+ days ago.

Type: Full-Time
Location: Los Angeles, California





Job Description:

Banc of California, Inc. (NYSE: BANC) is
a bank holding company with approximately $8 billion in assets and one
wholly-owned banking subsidiary, Banc of California, N.A. (the “Bank”). With
our 600+ 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 Underwriters, Relationship
Managers and/or Portfolio Managers with the credit origination process and
financial reviews and analysis on the existing portfolio. Reviews borrower
information, perform credit/financial analysis and Know Your Customer (KYC) due
diligence and insure initial application process meets regulatory and Banc
standards. In some areas, the job will be largely focused on creating credit
spreads by spreading the financial statements of corporate and individual
borrowers and performing cash flow analysis on borrowers. In support of the
Portfolio Managers, monitors assigned credit relationships for covenant
compliance, collateral monitoring, and credit deterioration, as
applicable.  Keeps appraised 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. Responsible
    for spreading operating history, personal and entity financial statements
    and/or tax returns of borrower, as applicable and required.

  2. Depending
    on the assigned department, will be responsible for performing the initial or 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.

  3.  May monitor financial
    and covenant compliance in conjunction with Underwriters, as applicable.

  4. May
    assist with the underwriting and completion of Credit Approval Memorandums
    (CAM), coordination and preparation for portfolio reviews and audits, and
    monitoring and reporting of the origination process and portfolio review
    activities, as applicable.

  5. May
    assist with the coordination and preparation for portfolio reviews and audits,
    and monitoring and reporting of the origination process and portfolio review
    activities, as applicable.

  6. Conduct
    professional and courteous correspondence with clients.

  7. Monitor assigned credit relationships
    for covenant compliance, collateral monitoring, and credit deterioration, as
    applicable. 

  8. Depending
    on the assigned department, may support the Portfolio Managers by pulling all
    3rd party vendor reports and preparing all tickler reports for the team. May
    also be responsible for gathering documentation including proof of insurance,
    recorded title and property taxes

  9. Ensure
    compliance with all applicable regulations, policies and procedures.

  10. Keep up with changes to
    banking regulation and completes bank training courses on time.

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

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

  13. Demonstrate 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.

  14. Perform 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.


  15. Perform 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:


  • Demonstrate
    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).

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

  • Proficiency
    in intermediate math and accounting skills required.

  • Effective
    organizational and time management skills.

  • Ability
    to grasp and understand mathematical concepts, including accounting concepts,
    balancing, loan interest 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 deal with problems involving multiple facets and variables in
    non-standardized situations.

  • Excellent
    time management skills and accustomed to working with deadlines.

 

EDUCATION, EXPERIENCE
AND/OR LICENSES:


  • Bachelor's
    degree in accounting, finance, economics or related field and 0-1 years of work experience or equivalent
    combination of education, training and experience.

  • Financial
    analysis experience working with business financial statements and tax returns
    and individual financial statements and tax returns preferred.





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