Associate, Fund Finance

Banc of California • Menlo Park, CA

4d

About The Position

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.

Requirements

• 3-4 years’ experience in investment banking, structured lending
• 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
• Meaningful experience with financial modeling
• Knowledge of multiple lending asset and loan collateral classes
• Advanced understanding of accounting and finance including financial statement analysis
• High School diploma or equivalent required

Nice To Haves

• Premium finance lending
• MBA or Masters
• 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

Responsibilities

• 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.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees