AVP, Loan Officer

BANC OF CALIFORNIA AND YOUR CAREER

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 its subsidiary, Deepstack Technologies. 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 resource groups, and more. TOGETHER WE WIN

THE OPPORTUNITY

The primary function of this position is to manage asset based loans to businesses with annual sales between $1MM and $250MM and borrowing needs between $1MM and $25MM. The main objectives of this position are to provide service to individual business borrowers within a prescribed financing structure, to avoid loan losses and non-performing loans, and to maximize portfolio return and profitability. 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 DIFFERENCE

• Daily collateral and borrowing base monitoring including approving daily loan advance requests of up to 30 portfolio accounts
• Monthly collateral and financial statement analysis and monitoring
• Develop and maintain strong relationships with borrowers, internal staff and industry professionals.
• Review and comment on field audit reports.
• Maintain credit and legal loan documentation.
• Manage customer loan requests and changes by analyzing, preparing and recommending credit requests for loan approval.
• Must actively communicate with clients including site visits in order to provide service and to help identify potential problem situations.
• Must be familiar with compliance policies and procedures and is responsible for completing regularly scheduled training modules within certain deadlines.
• Maintain zero write-offs or additions to non-accruals.
• Retain 75% of accounts through contract extensions with multi-year contract extensions promoted where appropriate.
• Generate non-contractual fees of $75,000 annually.
• Renew credit facilities as early as possible particularly when opportunity arises.
• Review all audits and ineligibles within 3 business days.
• Submit monthly trend card and financial statement and clearly point out financial, collateral, and other issues as pertinent to the lending relationship.
• Present and/or address client credit approvals or account issues with senior management.
• Maintain up to date "tickler" reports with accurate information for all accounts.
• Treat people with respect; keep commitments; inspire the trust of others; work ethically and with integrity; uphold organizational values; accept responsibility for own actions.
• Demonstrates 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.
• Follows policies and procedures; completes tasks correctly and on time; supports the company's goals and values.
• Performs 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.
• Performs other duties and projects as assigned.

WHAT YOU'LL BRING

• Strong analytical and communication skills required, together with an entrepreneurial work ethic
• Ability to analyze financial statements (profit and loss, balance sheet, and cash flow statements)
• Ability to multi-task in a fast paced environment
• Strong analytical skills and resourcefulness necessary to complete in-depth industry and market analyses
• Superior interpersonal, writing and oral communication skills
• Proficient with Word and Excel (including financial modeling)
• There will be some on-the-job training; however, the candidate should be a "self-starter"
• Bachelor's Degree and/or relevant work experience or training
• Required:
  
  • Minimum 5 years of related experience
• Preferred:
  
  • Public accounting
  • CPA or MBA

HOW WE'LL SUPPORT YOU

• Financial 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 offeradoption, 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 RANGE

The 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 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. If you require reasonable accommodation as part of the application process, please contact Talent Acquisition.