AVP, Underwriter, VBG

Salary Range: $75,000 USD to $112,500 USD

Banc of California, Inc. (NYSE: BANC) is a bank holding company with over $34 billion in assets and the parent company of Banc of California. Banc of California is one of the nation’s premier relationship-based business banks, providing banking and treasury management services to small, middle market, and venture backed businesses. As the largest independent bank headquartered in California, the bank offers a broad range of loan and deposit products and services through a network of full-service branches and regional offices, as well as through digital and nationwide capabilities.

The bank also provides full-service payment processing solutions to its clients and serves the Community Association Management industry nationwide through its technology forward platform, Smart Street. Banc of California is committed to supporting its local communities through the Banc of California Charitable Foundation and by partnering with organizations that promote financial literacy, job training, small business support, affordable housing, and more.

At Banc of California, our success is powered by our people and a shared commitment to delivering meaningful results. We foster an environment where entrepreneurial thinking is encouraged, and accountability and operational excellence are expected. Our team members are empowered to take ownership, make informed decisions, and make a meaningful impact as the bank continues to grow and evolve. We are dedicated to supporting your growth and wellbeing through comprehensive benefits, robust development opportunities, and inclusive programs that enable you to perform at your best.

Together we win!

Responsible for the completion of new deal underwritings, i.e. providing financial, credit, and trend analysis for the delivery of the Banks credit products and services to sponsor backed lower middle market and middle market prospects in the Technology industry. In addition, the AVP, underwriter will also play an integral role in the loan closing process. The AVP, underwriter will work with the originations team on new deal underwritings and should strive to understand the prospect's operating performance and needs, and work to build strong working relationships both internally and externally.

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.

• Both independently and in conjunction with the originations team, evaluates and structures complex credit requests across both lower middle market and middle market venture capital, growth equity and private equity backed technology companies.
• Performs independent credit analysis of new credit requests, generating complete underwriting files ranging from deal screening documents to final credit approval memorandums. Including, but not limited to, preparing analysis of financial statements for privately held and Sponsor owned companies from quality of earnings reports, financial projections and audited statements.
• Should be very well versed in modeling income statement, balance sheet and cash flow over multiple years, and be able to perform a downside and break-even projection analysis with limited input. Can work with company CFO’s to assure the projections they provide cover all necessary concepts.
• Prepares final approval documents via change memos, approval emails, etc. in addition to the new credit memorandums.
• Plays a key role in loan closings; interacts with loan operations, insurance operations, treasury management and various other internal stakeholders in preparing and ultimately closing new loan opportunities. Interacts with nCino on a regular basis in order to complete these tasks.
• 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.
• Understands complex corporate structures.
• Travel to client sites.
• Follow all established policies and procedures.
• Perform other duties and projects as assigned.

• Minimu…