Associate - Lender Finance

Banc of California • Chevy Chase, MD

2d • $65,000 - $98,000 • Onsite

About The Position

The Associate in the Lender Finance Group analyzes, evaluates, underwrites, and assists in structuring and closing potential real estate asset-based lending opportunities. Working independently with limited day-to-day supervision and closely with Investment Officers on new transactions, the Associate focuses on valuation, financial analysis, modeling, research, site due diligence, and credit application preparation. 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

• Two to three years of experience in the banking and/or financial services industry required.
• Three to five years of total experience preferred, with two to three years required, in the financial services sector with a focus on real estate, including appraisal, private equity, specialty finance, real estate finance, or investment banking.
• Experience with real estate valuation and modeling.
• Experience evaluating a property’s historical and projected financial cash flows.
• Strong analytical skills, including the ability to value underlying real estate assets and perform cash flow, real estate industry, and market analyses.
• Ability to adapt to multiple real estate asset-based lending opportunities, including performing and non-performing assets.
• Proficiency in Excel and Word required.
• Superior interpersonal skills and experience working with senior management and sophisticated sponsors.
• Strong written and oral communication skills.
• High school diploma or equivalent required.

Responsibilities

• Evaluate transaction requests to determine the quality of each opportunity and potential loan structure to maximize return on investment.
• Perform valuations of underlying real estate assets.
• Identify the specific merits, risks, and mitigants associated with each transaction.
• Construct and maintain detailed real estate financial models and develop sensitivity analyses around key economic drivers.
• Generate internal approval memoranda and draft term sheets.
• Perform industry, company, and market financial research and due diligence.
• Travel to locations throughout the United States to perform required site due diligence.
• Support the legal documentation and execution of new transactions.
• Assist in all aspects of origination activity leading to the closing of new transactions.
• Perform other duties and projects as assigned.

Benefits

• 401k plan which includes a company match and immediate vesting
• 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)
• adoption, surrogacy, and fertility assistance
• paid parental leave and family support solutions including care options for your family
• paid vacation days, holidays, and volunteer time off
• tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED