Underwriter

Banc of California; Beverly Hills (CA); On-site; USD 85,000 - 120,000; Full time

Benefits offered by this job

401(k) with company match

Health, dental, vision insurance

Paid time off and holidays

Tuition reimbursement and mentorship

Job summary

Banc of California is seeking an Underwriter to support credit products and services for small to mid-market clients. You will evaluate credits, analyze financial statements, and partner with Relationship Managers and Credit Administration to make sound credit decisions.

The role emphasizes independent work, attention to detail, and strong communication with senior management. Competitive compensation and growth opportunities offered.

Qualifications

• Evaluate routine to moderately complex credit requests.
• Analyze financial statements, tax returns, cash flow and projections.
• Assess borrower creditworthiness and support underwriting recommendations.
• Collaborate with Relationship Managers and Credit Administration.

Responsibilities

• Evaluate and underwrite routine to moderately complex credit requests, including new credits and modifications.
• Recommend credit structures, covenant packages, and risk mitigation strategies.
• Partner with Relationship Managers, Credit Administration, and other stakeholders throughout underwriting.
• Analyze financial statements, tax returns, cash flow, collateral, and projections.
• Manage select credits independently and escalate complex cases.

Skills

Underwriting

Credit analysis

Financial statement analysis

Communication skills

Independent work

Team collaboration

Attention to detail

Education

Bachelor1 degree preferred

Tools

Excel

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.

THE OPPORTUNITY

The Underwriter provides financial, credit, and trend analysis to support the delivery of the Bank’s credit products and services to clients and prospects. The role stays current on industry-related, political, and regulatory issues to determine their impact on specific industries or clients, independently structures and evaluates credit requests, assesses borrower creditworthiness, and recommends credit decisions to Credit Administration. 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 and underwrite routine to moderately complex credit requests, including new credits and modifications to existing credit relationships.
• Recommend credit structures, covenant packages, and risk mitigation strategies appropriate to the transaction and borrower profile, and elevate complex structures and policy exceptions.
• Partner with Relationship Managers, Credit Administration, and other stakeholders throughout the underwriting process to gather information, evaluate risks, and support timely credit decisions.
• Analyze financial statements, tax returns, cash flow, collateral, and financial projections to assess borrower creditworthiness and support underwriting recommendations.
• Manage select credits independently while escalating more complex structures and exceptions.
• Develop proficiency in credit structuring, industry analysis, portfolio management, and risk assessment to support ongoing professional growth and increasingly complex underwriting assignments.
• Review spreads, due diligence documentation, and underwriting analyses prepared by Credit Analysts and provide feedback, coaching, and guidance.
• Perform other duties and projects as assigned.

What You’ll Bring

• 2–4 years of underwriting, credit analysis, or commercial banking experience.
• Ability to analyze financial statements, including profit and loss, balance sheet, and cash flow statements.
• Strong organizational, written, and verbal communication skills.
• Ability to work independently and collaboratively.
• Ability to interface effectively and professionally with senior-level management.
• Ability to manage multiple projects simultaneously.
• Excellent attention to detail and accuracy.
• Bachelor’s degree preferred.
• Intermediate understanding of financial accounting preferred.
• Knowledge of lending, specifically cash flow and collateral analysis and loan structuring, preferred.
• Experience analyzing business financial statements, individual financial statements, and tax returns 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.

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.