AVP, Portfolio Manager

Banc Of California • San Luis Obispo, CA

90d

About The Position

Banc of California, Inc. (NYSE: BANC) is a bank holding company headquartered in Los Angeles with one wholly-owned banking subsidiary, Banc of California (the “bank”). Banc of California is one of the nation's premier relationship-based business banks focused on providing banking and treasury management services to small, middle-market, and venture-backed businesses. Banc of California offers a broad range of loan and deposit products and services, with full-service branches throughout California and Denver, Colorado, as well as full-stack payment processing solutions through its subsidiary, Deepstack Technologies. The bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more. At Banc of California, our success is driven by our people, and we take pride in fostering an environment where everyone can reach their full potential. We embrace a culture of empowerment, progressive thinking, and entrepreneurial spirit, ensuring our team members have an opportunity to make an impact and play an important role in the future of Banc of California. Our core values - Entrepreneurialism, Operational Excellence, and Superior Analytics - empower us in creating a dynamic and inclusive workplace.

Requirements

• Bachelor's degree in accounting, finance, economics or related field and/or 3 years of related work experience.
• Formal credit training and/or Intermediate/Financial Accounting 1 and 2 preferred.
• Work related experience should consist of a good to strong understanding of lending, specifically, cash flow and collateral analysis and loan structuring.
• Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position.
• Working knowledge of the Bank's Loan Policies and Standards.
• Strong skills in computer terminal and personal computer operation; Microsoft Office applications including Word, Excel, PowerPoint and Outlook.
• Advanced math skills; calculate interest and percentages; balance accounts; add, subtract, multiply and divide in all units of measure.
• Effective organizational and time management skills.
• Exceptional oral, written and interpersonal communication skills.
• Analytical writing skills a must.
• Ability to make decisions that have moderate impact on the immediate work unit and cross functional departments.
• Ability to comprehend and explain financial calculations and pricing alternatives.
• Ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence and procedures.
• Ability to make informal and formal presentations, inside and outside the organization.
• Ability to deal with complex difficult problems involving multiple facets and variables in non-standardized situations.
• Ability to work with little to no supervision while performing duties.

Responsibilities

• Responsible for providing financial, credit, and trend analysis for the delivery of the Banks credit products and services to middle market and other business clients and prospects.
• Monitors assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration, as applicable.
• Conduct annual reviews of loans and identify any risk rating changes.
• Keeps apprised of industry related, political and regulatory issues to determine their impact on specific industries or clients.
• Acts in an independent fashion from the sales teams to structure and evaluate credit requests.
• Is responsible for determining the credit worthiness of the Borrower and recommending credit decisions to Credit Administration.
• Performs all duties in accordance with the company's policies and procedures, all U.S. state and federal laws and regulations.
• Independently evaluates and structures lower complexity credit requests, including asset-based lending, term loans, and commercial real estate loans.
• Performs independent credit analysis and risk assessment of new and existing credit requests.
• In conjunction with Relationship Manager, involved in drafting loan documents prepared by outside law firm or in-house counsel.
• Recommends credit actions by preparing the Credit Approval Report (CAR) which is submitted to Credit Administration for final decisioning.
• Works with Loan Administration team to obtain due diligence information needed to underwrite the credit request, perform risk rating reviews, and/or monitor covenant compliance and ticklers.
• Reviews the Letters of Interest (LOI) and ensures consistency between the loan documents and the CAM.
• May make joint customer calls with RM to assess client's needs, business, and management team.
• Ensures compliance with all applicable regulations, policies and procedures.
• Keeps up with changes to banking regulation and completes bank training courses on-line, and on time.
• Completes Problem Loan Status Reports (PLSRs) with guidance from manager.
• Responsible for ongoing proactive and correct identification and monitoring of Risk Ratings for Borrowers under the Risk Rating Policies of the Bank.
• 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; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
• 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.
• Performs other duties and projects as assigned.

Benefits

• Eligible to participate in the company's 401k plan which includes a company match and immediate vesting.
• 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).
• Partners with providers that offer adoption, surrogacy, and fertility assistance as well as paid parental leave and family support solutions.
• Eligible team members receive paid vacation days, holidays, and volunteer time off.
• Offers 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: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree