Officer, Commercial Banking Associate

Banc of California • Santa Ana, CA

3d

About The Position

BANC OF CALIFORNIA AND YOUR CAREER 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 BancEdge. 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. We are committed to supporting your growth and well-being with comprehensive benefits, career development programs, a variety of employee resource groups, and more. TOGETHER WE WIN® THE OPPORTUNITY The position entails providing support to a seasoned team of commercial real estate lenders and loan processors. 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 in portfolio management, construction loan disbursements / advances, new deal review and underwriting, 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, with the opportunity to freely 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

• You will be eligible to participate in the company’s 401k plan which includes a company match and immediate vesting.
• 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).
• 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.
• Eligible team members receive paid vacation days, holidays, and volunteer time off.
• 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