AVP, Loan Officer

Banc of California • Chicago, IL

16d

About The Position

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 primary function of this position is to manage asset based loans to
businesses with annual sales between $1MM and $250MM and borrowing needs between
$1MM and $25MM. The main objectives of this position are to provide service to
individual business borrowers within a prescribed financing structure, to avoid
loan losses and non-performing loans, and to maximize portfolio return and
profitability. 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

• Strong analytical and communication skills required, together with an entrepreneurial work ethic
• Ability to analyze financial statements (profit and loss, balance sheet, and cash flow statements)
• Ability to multi-task in a fast paced environment
• Strong analytical skills and resourcefulness necessary to complete in-depth industry and market analyses
• Superior interpersonal, writing and oral communication skills
• Proficient with Word and Excel (including financial modeling)
• There will be some on-the-job training; however, the candidate should be a “self-starter”
• Bachelor’s Degree and/or relevant work experience or training
• Minimum 5 years of related experience
• High School diploma or equivalent required

Nice To Haves

• Public accounting
• CPA or MBA

Responsibilities

• Daily collateral and borrowing base monitoring including approving daily loan advance requests of up to 30 portfolio accounts
• Monthly collateral and financial statement analysis and monitoring
• Develop and maintain strong relationships with borrowers, internal staff and industry professionals.
• Review and comment on field audit reports.
• Maintain credit and legal loan documentation.
• Manage customer loan requests and changes by analyzing, preparing and recommending credit requests for loan approval.
• Must actively communicate with clients including site visits in order to provide service and to help identify potential problem situations.
• Must be familiar with compliance policies and procedures and is responsible for completing regularly scheduled training modules within certain deadlines.
• Maintain zero write-offs or additions to non-accruals.
• Submit monthly trend card and financial statement and clearly point out financial, collateral, and other issues as pertinent to the lending relationship.
• Present and/or address client credit approvals or account issues with senior management.
• Maintain up to date "tickler" reports with accurate information for all accounts.
• Follows all established policies and procedures.
• Performs 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