VP, Underwriter

Description

Banc of California, Inc. (NYSE: BANC) is a bank holding company headquartered in Los Angeles with one wholly-owned banking subsidiary, Banc of California (the “Bank”). Banc of California is one of the nation’s premier relationship-based business banks focused on providing banking and treasury management services to small, middle-market, and venture-backed businesses. Banc of California offers a broad range of loan and deposit products and services, with full-service branches throughout California and Denver, Colorado, as well as full-stack payment processing solutions through Banc Edge.

The bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more.

At Banc of California, our success is driven by our people, and we take pride in fostering an environment where everyone can reach their full potential. We embrace a culture of empowerment, progressive thinking, and entrepreneurial spirit, ensuring our team members have an opportunity to make an impact and play an important role in the future of Banc of California. Our core values – Entrepreneurialism, Operational Excellence, and Superior Analytics – empower us in creating a dynamic and inclusive workplace.

We are committed to supporting your growth and well-being with comprehensive benefits, career development programs, a variety of employee groups, and more. TOGETHER WE WIN®

Focusing on Homeowners Association (HOA) lending the Underwriter will perform analysis, due diligence and underwriting of proposed new loan requests for new and existing clients within the Community and Commercial Bank. Review initial borrower submissions, perform analysis of information submitted and prepare a written credit presentation of loan requests. Independently evaluates the credit worthiness of loan requests covering both existing customers and new credit relationships.

Responsible for the timely, effective and efficient completion of required underwriting tasks to make recommendations and creating the appropriate Credit Approval Recommendation (CAR) report for eventual forwarding to and obtaining approval from Credit Administration. The underwriter interacts and effectively communicates with Bank personnel and with existing or prospective clients. Performs all duties in accordance with the Company’s policies and procedures, all U.S. state and laws and regulations, wherein the Company operates.

• Independently evaluates and structures complex credit requests within various types of lending to businesses within C&I, investor real estate, and other specialty types of industries with primary emphasis on HOA loans.

• Loan types primarily include delayed draw term loans and lines of credit may include asset-based lending, term loans, commercial real estate loans, bridge loans, guidance lines, buy and sell side syndicated credits, and cash flow reliant facilities.

• Performs independent credit analysis and risk assessment including, but not limited to, preparing analysis of financial statements, HOA cost reserve studies, and projections.

• Well versed in modeling income statements, balance sheets and cash flow calculations over multiple years, as well as analyzing tax returns, financial statements, and be able to perform a downside and break-even projection analysis with limited input.

• Develop thorough understanding of the nature and history of the applicant’s business, the market in which the business operates, and assess the capability of its management.

• Understands complex corporate structures and is able to recommend the best borrowing structures to protect the bank. In conjunction with the Relationship Manager (RM), involved in drafting and negotiating complex loan documents prepared by outside law firm or in-house counsel.

• Prepare and complete the CAR report for submission and approval by Credit Administration.

• Oversees the Letter of Interest (LOI) and insure consistency between the LOI, loan documents and the CAR.

• Review documents related to loan request, including but not limited to, UCC filings, appraisal…