AVP, Loan Officer

Banc of California • Chicago, IL

5d • $84,000 - $125,000

About The Position

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
• P roficient 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
• Required: Minimum 5 years of related experience
• High School diploma or equivalent required

Nice To Haves

• Preferred: 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.
• Treat people with respect; keep commitments; inspire the trust of others; work ethically and with integrity; uphold organizational values; accept responsibility for own actions.
• Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; promotes working environment free of harassment of any type.
• Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
• Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions.
• The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.
• 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