SVP, Underwriter, VBG

Locations

• San Diego, CA
  - Del Mar, 11988 El Camino Real, Suite 520, San Diego, CA 92130, USA
• Boston, MA
  - Oliver, 131 Oliver Street, Suite 250, Boston, MA 02110, USA
• Menlo Park, CA, 2420 Sand Hill Road Ste 100, Menlo Park, CA 94025, USA

• Type: Full-Time, On-site
• Salary: $145,000 – $185,000 USD
• Requisition #: SVPUN
  004975

BANC OF CALIFORNIA AND YOUR CAREER

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. It provides banking and treasury management services to small, middle‑market, and venture‑backed businesses and offers a broad range of loan and deposit products. The bank also provides full‑service payment processing solutions and serves the Community Association Management industry nationwide.

Banc of California is committed to supporting local communities through charitable initiatives and financial literacy programs.

At Banc of California, success is powered by people. We foster an environment that encourages entrepreneurial thinking, accountability and operational excellence. Our team members are empowered to take ownership, make informed decisions, and have a meaningful impact as the bank continues to grow. We are dedicated to supporting your growth and wellbeing through comprehensive benefits, development opportunities and inclusive programs.

The SVP, Underwriter – Life Sciences will be a key contributor to the Venture Banking originations team with responsibilities that include providing financial, credit and trend analysis for venture lending opportunities to early‑stage private and public companies in the healthcare & life‑sciences industry. The position covers biotechnology, medical devices, healthcare services, specialty pharmaceuticals and digital health.

• Independently lead the underwriting of Life Sciences credit opportunities, interacting with customers to assess risks and mitigants.
• Source, compile and interpret financial data to support loan structuring and approval.
• Develop comprehensive multi‑year financial models and perform sensitivity, downside and break‑even analyses.
• Partner with company CFOs and VCs to refine projections and evaluate assumptions.
• Analyze complex corporate structures and recommend optimal loan and collateral structures.
• Collaborate with Relationship Managers to structure transactions and draft key deal terms, including negotiating loan documents.
• Prepare detailed credit memos that articulate transaction rationale, risks and mitigants.
• Lead underwriting due diligence, coordinating with internal partners and reviewing third‑party reports.
• Prepare and review Expressions of Interest and term sheets to ensure alignment with underwriting analysis.
• Engage with clients during the underwriting process, including client calls to assess business models, management teams and strategy.
• Provide guidance and mentorship to junior Underwriters on complex underwriting assignments.
• Ensure all underwriting activities comply with regulations, credit policies and internal procedures.
• Support transaction execution by partnering with internal teams and ensuring accurate final documentation.
• Follow all established policies and procedures.

• 10+ years of life sciences banking experience.
• Strong knowledge of state and federal regulations relevant to underwriting.
• Strong working knowledge of the Bank’s loan policies and standards.
• Deep understanding of complex loan documentation and collateral perfection.
• Proficient computer skills, including Microsoft Office.
• Excellent organizational and time‑management skills.
• Exceptional oral, written and interpersonal communication skills.
• Ability to make decisions with moderate impact on the work unit.
• Strong analytical and financial calculation skills.
• Ability to explain financial concepts clearly to customers and colleagues.
• Strong presentation skills, both informal and formal.
• Capability to tackle complex problems in non‑standardized situations.
• Ability to work with minimal supervision.
• High school diploma or equivalent.

• Financial Security: 401(k) plan with 100% match of the first 4% of…