VP, Corporate Asset Finance Underwriter

Banc of California; Chicago (IL); On-site; USD 120,000 - 170,000; Full time

Benefits offered by this job

401k with company match

Health insurance

Paid time off

Tuition reimbursement

Job summary

The Banc of California seeks a VP, Underwriter to perform credit analysis, due diligence and underwriting for construction, real estate and commercial loan requests within our Community and Commercial Bank and for the Corporate Asset Finance group. Review initial borrower submissions, analyze information, and prepare CAR reports for approval.

Independently evaluates creditworthiness, structures borrowing arrangements, and communicates with clients and bank personnel to ensure compliant, timely

Qualifications

• Highschool Diploma or equivalent.
• 6-8+ years of underwriting experience in real estate, construction and commercial financing including valuation and asset management and financial analysis.
• Bachelor's Degree and/ or relevant work experience or training.
• Experience underwriting corporate asset finance type loans inclusive of aviation, rail / marine, and equipment leasing.

Responsibilities

• Independently evaluates and structures complex credit requests within various types of lending to businesses within C&I, and other specialty types of industries.
• Loan types may include asset-based lending, term loans, leases, and cash flow reliant facilities.
• Performs independent credit analysis and risk assessment including, but not limited to, preparing analysis of financial statements for privately/publicly held and Sponsor owned companies.
• Well versed in modeling income statements, balance sheets and cash flow calculations over multiple years, as well as analyzing tax returns, financial statements, extensive real estate schedules, 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 to Specialty Banking Credit Committee.
• Oversees the Letter of Interest (LOI) and insure consistency between the LOI, loan documents and the
• Review documents related to loan request, including but not limited to, UCC filings, appraisal report, 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.
• Follow all established policies and procedures.
• Perform other duties and projects as assigned.

Education

Bachelor's Degree

Tools

Moody's

nCino

Excel

Word

Job description

The Banc of California seeks a VP, Underwriter to perform credit analysis, due diligence and underwriting for construction, real estate and commercial loan requests within our Community and Commercial Bank and for the Corporate Asset Finance group. Review initial borrower submissions, analyze information, and prepare CAR reports for approval.

Independently evaluates creditworthiness, structures borrowing arrangements, and communicates with clients and bank personnel to ensure compliant, timely