About this opportunity
Banc of California lists this VP, Underwriter - Asset-Based Lending (ABL) opportunity in phoenix, Arizona. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Job Opportunity At Banc Of CaliforniaBanc of California, Inc. is a bank holding company with over $34 billion in assets and the parent company of Banc of California. Banc of California is one of the nation's premier relationship-based business banks, providing banking and treasury management services to small, middle market, and venture backed businesses. As the largest independent bank headquartered in California, the bank offers a broad range of loan and deposit products and services through a network of full-service branches and regional offices, as well as through digital and nationwide capabilities. The bank also provides full-service payment processing solutions to its clients and serves the Community Association Management industry nationwide through its technology forward platform, SmartStreet™. Banc of California is committed to supporting its local communities through the Banc of California Charitable Foundation and by partnering with organizations that promote financial literacy, job training, small business support, affordable housing, and more.The opportunity involves providing financial, credit, and trend analysis for the delivery of the bank's credit products and services to asset based lending and other business clients and prospects. The role includes monitoring assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration, as applicable. The individual will conduct annual reviews of loans and identify any risk rating changes. They will keep apprised of industry related, political and regulatory issues to determine their impact on specific industries or clients. The role acts in an independent fashion from the sales teams to structure and evaluate credit requests. The individual is responsible for determining the credit worthiness of the borrower and recommending credit decisions to Credit Administration. They will perform all duties in accordance with the company's policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.The candidate will independently evaluate and structure complex credit requests, including, but not limited to asset-based lending, term loans, commercial real estate loans, bridge loans, guidance lines, buy and sell side syndicated credits, buyout financing with corporate sponsors to include enterprise value or cash flow credit facilities. They will perform independent credit analysis and risk assessment of new and existing credit requests. The individual should be very well versed in modeling income statement, balance sheet, and cash flow over multiple years, as well as extensive real estate schedules, and be able to perform a downside and break-even projection analysis with limited input. They can work with company CFO's to assure the projections they provide cover all necessary concepts. The candidate understands complex corporate structures and is able to recommend the best borrowing structures to protect the bank. In conjunction with Relationship Manager, they are involved in drafting and negotiating complex loan documents prepared by outside law firm or in-house counsel. They recommend credit actions by preparing the Credit Approval Memorandum ("CAM") which is submitted to Credit Administration for final decisioning. The individual works with Loan Coordinators to obtain due diligence information needed to underwrite the credit request, perform annual reviews, and/or monitor covenant compliance and ticklers. They oversee the Letters of Interest (LOI) and insure consistency between the loan documents and the CAM. The candidate maintains a relationship with the clients in conjunction with Relationship Managers and may make joint customer calls with RM to assess client's needs, business, and management team. They provide guidance and mentoring to junior Underwriters regarding more complex transactions that they assist with. The individual reviews the work completed by junior Underwriters and communicates the review findings to the individuals. They ensure compliance with all applicable regulations, policies, and procedures. The candidate keeps up with changes to banking regulation and completes bank training courses on-line, and on time. They have an advanced knowledge of asset-based lending guidelines and reviews borrowing base reports, collateral exams, and inventory appraisals. The individual has an advanced knowledge of appraisal and environmental reports to perform independent analysis of appraisal and environmental reports. They independently and proactively initiate problem loan identification and administration and write Problem Loan Status Reports (PLSRs) as necessary and applicable. The candidate is responsible for ongoing proactive and correct identification and monitoring of Risk Ratings for Borrowers under the Risk Rating Policies of the Bank such that the office does not have Risk Rating misses either up or down grades when audited by internal or external auditors, as necessary and applicable.The candidate will bring underwriting experience in asset-based lending including valuation and asset management and financial analysis. They 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). They have a strong working knowledge of the Bank's Loan Policies and Standards. The individual understands very complex loan documentation and collateral perfection. They have strong skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook. The candidate has 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. They have effective organizational and time management skills. The individual has exceptional oral, written and interpersonal communication skills. Analytical writing skills are a must. The candidate is able to make decisions that have moderate impact on the immediate work unit and cross functional departments. They are able to comprehend and explain financial calculations and pricing alternatives. The individual is able 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. They are able to make informal and formal presentations, inside and outside the organization; speaking before assigned team or other groups as needed. The candidate is able to deal with complex difficult problems involving multiple facets and variables in non-standardized situations. They are able to work with little to no supervision while performing duties. A high school diploma or equivalent is required.Banc of California partners with providers that offer adoption, surrogacy, and fertility assistance as well as paid parental leave and family support solutions including care options for your family. Eligible team members receive paid vacation days, holidays, and volunteer time off. To support career growth of our team members, we offer tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning, and more.
Worksite address
phoenix, AZ, 85027, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.