VP, Business Development Officer

Banc Of California • Santa Ana, CA

118d

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

• Minimum 10 years of experience in a commercial lending environment
• Bachelor's Degree or additional equivalent experience
• Strong analytical, technical and documentation skills
• Strong time management and organizational skills
• Relationship-building capabilities
• Ability to work both independently and in a team environment
• Experienced and knowledgeable in originating SBA 7a and SBA 504 loan products
• Familiarity with Small Business Administration Standard Operating Procedures and eligibility requirements
• Possessing an established referral network which might include business and real estate brokers, accountants, attorneys as well as other commercial banking relationships and community groups
• Ability to generate significant loan volume in immediate markets (generally within 4 hours drive time from applicants' office)
• Possesses credit skills sufficient to determine appropriate loan structure and assess credit risk of applicants
• Ability to learn and embrace technology utilized in the origination process
• Comfortable using Word, Excel and other office software programs

Nice To Haves

• Bachelor's degree in finance or accounting

Responsibilities

• Sourcing loan opportunities
• Negotiating and issuing term sheets
• Assisting in the preparation of internal memoranda for deal approval
• Working with Underwriting to provide a clear understanding of the transaction structure as well as borrower expectations and business needs
• Establishing new relationships and fostering existing relationships
• Self-sourcing new transactions
• Assisting in the initial pre-screening, qualifying and structuring of loan opportunities
• Communicating with clients and contacts on a regular basis regarding deal status
• Working closely with Underwriting and Closing on establishing the proper structure and lending parameters of transactions
• Performing all duties in accordance with the Company's policies and procedures, all U.S. state and federal laws and regulations
• Performing other duties and projects as assigned

Benefits

• 401k plan with 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
• Pre-tax Flexible Spending Account (FSA)
• Adoption, surrogacy, and fertility assistance
• Paid parental leave and family support solutions
• Paid vacation days, holidays, and volunteer time off
• Tuition reimbursement
• Annual mentorship program
• Leadership development resources
• Access to LinkedIn Learning

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree