VP, Underwriter, Corporate Asset Finance

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

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, 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 VP, Underwriter will perform analysis, due diligence and underwriting of proposed new loan requests for new and existing clients within the Community and Commercial Bank and for the Corporate Asset Finance group. Review initial borrower submissions, perform analysis of information submitted and prepare a written credit presentation of construction, real estate and commercial loan requests. Independently evaluates 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 Difference

• 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.

What You’ll Bring

• Required:
  • 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
• Preferred:
  • 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
• PC proficient with emphasis in Word, Excel and Moody's
• Excellent composing and writing skills
• Ability to communicate verbally with a wide range of people
• Responsiveness, judgment, maturity, integrity, and time management skills
• Must be a self-starter and able to multi-task, work efficiently on own and team environment, and be readily adaptable to change
• Ability to work under pressure and meet completion time tables
• Strong financial analytical skills with the ability to evaluate complex financial statements and complicated business and personal tax returns
• Proficient with nCino

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.