Associate, Fund Finance

Banc of California; Menlo Park (CA); On-site; USD 110,000 - 160,000; Full time

Benefits offered by this job

401k with company match

Comprehensive health insurance

Paid time off and holidays

Tuition reimbursement

Job summary

Banc of California is seeking an Associate to analyze, evaluate, structure, underwrite, and close life insurance lending opportunities. The role requires independence with limited supervision and a strong background in structured lending and investment banking.

The candidate will build financial models, develop ranges, and contribute to documentation and closing processes, while adhering to company policies and U.S. laws and regulations.

Qualifications

• Bachelor’s degree required; MBA preferred for advanced roles.
• 3-4 years in investment banking or related lending experience.
• Strong financial modeling and credit analysis capabilities.
• Excellent attention to detail and regulatory awareness.
• Proven ability to work independently and in cross-functional teams.

Responsibilities

• Analyze and structure senior and unitranche financing opportunities.
• Construct detailed financial models and run sensitivity analyses.
• Prepare internal memos and term sheets for approvals.
• Conduct market and sponsor due diligence.
• Assist origination and closing of new transactions.

Skills

Investment banking

Structured lending

Financial modeling

Credit analysis

Regulatory knowledge

Communication skills

Team collaboration

Microsoft Excel

Education

Bachelor’s degree

MBA preferred

Tools

Excel

PowerPoint

Word

Outlook

Job description

BANC OF CALIFORNIA AND YOUR CAREER
Banc 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.

BANC OF CALIFORNIA AND YOUR CAREER
Banc 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 OPPORTUNITY
The Associate will be responsible for analyzing, evaluating, structuring, underwriting, and closing potential life insurance lending opportunities. The position requires the ability to work independently with limited day-to-day supervision. We are interested in smart, hard-working, and creative candidates – a “perfectly applicable” background/training is not necessary to be successful in the group. 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

• Evaluate senior and unitranche financing requests to determine credit quality of opportunities and appropriate loan structures.
• Identify specific merits, risks, and mitigants for each transaction.
• Construct and maintain detailed financial models and develop sensitivity analyses.
• Generate internal approval memoranda and term sheets.
• Perform market, industry, and sponsor due diligence.
• Ensure business terms, concepts, and structure are accurately captured in loan documentation.
• Assist in all aspects of origination activity leading to the closing of new transactions.
• Follow all established policies and procedures.
• Perform other duties and projects as assigned.

What You’ll Bring

• 3-4 years’ experience in investment banking, structured lending required.
• Premium finance lending preferred.
• Bachelor’s degree required and MBA or Master’s degree preferred.
• Excellent attention to detail and accuracy – work is subject to various forms of regulatory scrutiny.
• Must exhibit a significant level of trust, professionalism, diplomacy and conceptual judgement in addition to normal courtesy and tact.
• Superior interpersonal verbal and written communication skills.
• Strong organizational skills with the ability to handle multiple priorities, and projects simultaneously.
• Creative and strategic thinker capable of analyzing information/processes to determine overall trends and make appropriate conclusions.
• Ability to work independently yet collaborate cross-functionally in a team environment.
• Proven ability to use Microsoft Office Suite (Outlook, Excel, MS Word, and PowerPoint).
• Knowledge of banking/financial/insurance business operations, industry trends and applicable federal and state banking regulations for safety and soundness related to credit risk/loan review and governances to identify gaps in the Bank’s credit and underwriting policies and procedures preferred.
• Meaningful experience with financial modeling preferred.
• Knowledge of multiple lending asset and loan collateral classes preferred.
• Advanced understanding of accounting and finance including financial statement analysis preferred.
• High School diploma or equivalent required

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 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 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 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.