Officer, Commercial Banking Associate

Banc of California • Thousand Oaks, CA

32d

About The Position

The position entails providing support to a seasoned commercial real estate
lending team. The incumbent will gain exposure to various departments and
personnel throughout the Bank, including senior management representing the
origination, portfolio management, and credit review segments of the
institution. The position is responsible for supporting an existing team of
commercial real estate lenders including origination and new deal review,
underwriting, portfolio management, construction loan disbursements / advances,
guarantor and borrower analysis, term sheet preparation, spreading and analysis
of financial information, site visits, risk rating monitoring, and loan
agreement compliance, among others. Incumbents will have the opportunity to join
senior lenders on client meetings and calls and network within the local and
national commercial real estate industry. 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

• Bachelor’s Degree with coursework or concentration in Commercial Real Estate Finance / Investment
• Grasp of basic concepts in reviewing commercial real estate transactions (loan to value, loan to cost, debt service coverage ratio, rent rolls, property operating statements, cap rates, appraisals, valuation, market research, occupancy, absorption rates, property stabilization, etc.).
• Interest in the commercial real estate finance industry – general understanding of differentiating factors of the major CRE asset classes.
• A general knowledge and understanding of commercial real estate principles and financial analysis
• P.C. proficient with emphasis on spreadsheets (Word, Excel, Argus)
• Excellent composing and writing skills
• Above-average interpersonal skills; ability to communicate verbally with a wide range of people
• Positive attitude and willingness to work
• Responsiveness, judgment, maturity, integrity, and time management skills are required
• Review and be knowledgeable of departmental and human resource’s policies & procedures

Nice To Haves

• Understanding and/or exposure to detailed construction budgets a plus (the construction process, project entitlements and permitting, etc).

Responsibilities

• Join an existing team of commercial real lenders, providing a mix of construction loans, bridge loans, and permanent financing secured by office, multi family, industrial, and retail properties (with some special purpose exposure)
• Analyze and spread property level detail – operating statements, budgets / pro-forma cash flows
• Analyze and spread guarantor financial information and analyze guarantor wherewithal – personal financial statements, tax returns
• Support the team with preparation of credit / investment memorandums as a component of the credit approval process
• Support the team with analysis of new deals and financing opportunities – collect required information and review along with the lending officer.
• Support the team with general portfolio management activities – loan monitoring, collection and review of required financial reporting information, loan maturity maintenance, risk ratings, perform site inspections.
• Willingness to learn - growth opportunities in Relationship Management, Portfolio Management, Loan Processing, and Fund Control.
• Opportunity to join senior lenders in client meetings, client calls – client exposure.
• Stay abreast of market trends and develop/maintain a network of referral sources
• Perform other duties as assigned
• 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: Entry Level