VP, Underwriter, CRE

BANC OF CALIFORNIA AND YOUR CAREERBanc 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 OPPORTUNITYFocusing on Commercial Real Estate (CRE) 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 construction, real estate and commercial loan requests. The primary purpose of this position is to independently evaluate 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 federal laws and regulations, wherein the Company operates.HOW YOU’LL MAKE A DIFFERENCEIndependently evaluates and structures complex credit requests within CRE types of lending including construction loans. Loan types could include various types of real estate secured facilities including bridge, construction, and permanent financing.Performs independent credit analysis and risk assessment including, but not limited to, preparing analysis of financial statements.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 report, title policy, lease agreements, credit reports, etc.Recommend reporting and performance covenants specific to the type of financing being provided and articulate rationale within the CAR.Assist Loan Administrator in a timely boarding and/or funding of loan requests.Responsible for correct identification providing adequate support of new loans’ Risk Ratings.Keeps apprised of industry related, political and regulatory issues to determine their impact on specific industries or clients. Engages with internal and external credit review teams and regulators as needed responding to inquiries on underwritten new loans.Provides guidance and mentoring to junior Underwriters regarding more complex transactions that they assist with. Reviews the work completed by junior Underwriters and communicates the review findings to the individualsFollow all established policies and procedures.Perform other duties and projects as assigned.WHAT YOU’LL BRINGMinimum of 6-8 years of underwriting experience in real estate, construction and commercial financing including valuation and asset management and financial analysisBachelor’s Degree and/or relevant work experience or trainingProficient with nCinoDemonstrates 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)PC proficient with emphasis in Word, Excel Excellent composing and writing skillsAbility to communicate verbally with a wide range of peopleResponsiveness, judgment, maturity, integrity, and time management skillsMust be a self-starter and able to multi-task, work efficiently on own and team environment, and be readily adaptable to changeAbility to work under pressure and meet completion time tablesStrong financial analytical skills with the ability High School diploma or equivalent requiredHOW WE’LL SUPPORT YOUFinancial Security: You will be eligible to participate in the company’s 401k plan which includes a company match and immediate vesting.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.SALARY RANGEThe base salary ultimately offered is determined through a review of education, industry experience, training, knowledge, skills, abilities of the applicant in alignment with market data and other factors.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 their actual or perceived race (including traits associated with race, such as hair texture, hair type or protective hairstyles), religion or religious creed (including religious dress and grooming practices), color, sex (including pregnancy, childbirth, breastfeeding and related medical conditions), sexual orientation, gender, gender identity, gender expression, gender transitioning, citizenship status, national origin, ancestry, age, marital status, military or veteran status, medical condition, genetic information, or disability (mental or physical), requests for accommodation and any additional protected categories set forth in applicable federal, state or local laws. If you require reasonable accommodation as part of the application process, please contact Talent Acquisition.Job SummaryRequisition Number: VPUND004983Job Category: Credit, Portfolio Management \& Sales SupportSchedule: Full-Time