Underwriter

SVP, Underwriter, Life SciencesBanc of California, Inc. (NYSE: BANC) 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. At Banc of California, our success is powered by our people and a shared commitment to delivering meaningful results. We foster an environment where entrepreneurial thinking is encouraged, and accountability and operational excellence are expected. Our team members are empowered to take ownership, make informed decisions, and make a meaningful impact as the bank continues to grow and evolve. We are dedicated to supporting your growth and wellbeing through comprehensive benefits, robust development opportunities, and inclusive programs that enable you to perform at your best. Together we win!The SVP, Underwriter, Life Sciences will be a key contributor to the Venture Banking originations team with key responsibilities including providing financial, credit, and trend analysis for venture lending opportunities to early stage private and public companies in the healthcare & life sciences industry. Specific sectors of coverage include biotechnology, medical devices, healthcare services, specialty pharmaceuticals and digital health. Supports the Life Sciences lending team with expertise in structuring, analysis, and documentation for credit actions. Establishes viability of repayment sources and prepares credit approval memos. Identifies, gathers, and reviews financial information to determine credit ratings and appropriate loan structuring. Assesses and communicates risks and mitigation strategies. Provides service and support internally and externally, assisting in customer calls and identifying cross-sales opportunities. Leads special projects as needed to facilitate Life Sciences lending activities and may act in a leadership role to less experienced underwriters in the work group. The SVP, Underwriter, Life Sciences must perform independently to structure and evaluate credit requests. 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.Independently leads the underwriting of Life Sciences credit opportunities according to applicable regulations, procedures, credit standards and guidelines. Interacts directly with customers to gather information throughout the approval process and to determine the credit risks and mitigants. Reviews financial statements, communicates with customers or prospects, and performs analysis to recommend credit ratings, covenants, and appropriate loan structuring. Ensures all involved parties are updated on underwriting progress and outcome. Provides leadership in daily activities through underwriting production and credit analysis expertise. Sources, compiles, and interprets financial data to support structuring and approval of loans. Reviews industry information and comparisons, key risks and mitigants, and collaterals to form a general business overview of the borrower. Utilizes results of analysis to underwrite complex loans. Develops comprehensive financial models, including multi-year projections of income statement, balance sheet, and cash flow, and performs sensitivity, downside, and break-even analyses to assess transaction viability. Partners with company CFOs and VCs to refine projections and evaluate key assumptions to ensure underwriting models reflect all relevant business and capital structure considerations. Analyzes complex corporate structures and recommends optimal loan and collateral structures designed to appropriately mitigate risk and align with the Bank's credit appetite. In conjunction with the Relationship Manager, plays a lead role in structuring transactions and drafting key deal terms, including participating in the negotiation of loan documents with outside counsel or internal legal teams. Prepares detailed credit memos that clearly articulate the proposed transaction, risks, mitigants, and rationale to support credit recommendation and approval. Leads underwriting due diligence efforts by identifying required information, coordinating with internal partners, and evaluating third-party reports such as appraisals, field exams, environmental reports, and collateral analyses. Prepares and reviews Expressions of Interest (EOIs) and term sheets to ensure alignment with the proposed credit structure and underwriting analysis. Collaborates with Relationship Managers on client engagement during the underwriting process, including participating in client calls to assess business models, management teams, and transaction strategy. Provides guidance and mentorship to junior Underwriters on complex underwriting assignments, including reviewing underwriting analyses, models, and credit memorandums for quality and completeness. Ensures all underwriting activities are conducted in compliance with applicable regulations, credit policies, and internal procedures. Supports transaction execution through closing by partnering with internal teams and ensuring all underwriting conditions and structural elements are accurately reflected in final documentation. Follow all established policies and procedures.10+ years of life sciences banking experience. 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 and Standards. 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. Effective organizational and time management skills. 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 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 complex difficult problems involving multiple facets and variables in non-standardized situations. Ability to work with little to no supervision while performing duties. Highschool Diploma or equivalent.Financial Security: You will be eligible to participate in a 401k plan in which the Bank will match 100% of the first 4% of your contributions, which is immediately vested. Health & Well-Being: We offer comprehensive insurance options including medical, dental, vision, AD&D, supplemental life, long-term disability, pre-tax Health Savings Account with employer contributions, and pre-tax Flexible Spending Account (FSA). Building & Supporting Your Family: 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. Paid Time Away: Eligible team members receive paid vacation days, holidays, and volunteer time off. Career Growth Opportunities: 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.