VP, Underwriter- HOA Lending

Company Overview

Banc of California, Inc. (NYSE: BANC) is a bank holding company headquartered in Los Angeles, California. Its sole subsidiary, Banc of California, offers a broad range of loan and deposit products and services, with full‑service branches throughout California and Denver, Colorado. The bank is committed to its local communities by supporting organizations that provide financial literacy, job training, small business support, affordable housing, and more.

VP, Underwriter – HOA Lending

Irvine, CA

• Seniority level
  :
  Mid‑senior level
• Employment type
  :
  Full‑time
• Job function
  :
  Finance & Sales
• Industry
  :
  Banking

• Independently evaluates and structures complex credit requests within various types of lending to businesses within C&I, investor real estate, and other specialty types of industries with primary emphasis on HOA loans.
• Loan types primarily include delayed draw term loans and lines of credit may include asset‑based lending, term loans, commercial real estate loans, bridge loans, guidance lines, buy and sell side syndicated credits, and cash flow reliant facilities.
• Performs independent credit analysis and risk assessment including, but not limited to, preparing analysis of financial statements, HOA cost reserve studies, and projections.
• Well versed in modeling income statements, balance sheets and cash flow calculations over multiple years, as well as analyzing tax returns and financial statements, and be able to perform a downside and break‑even projection analysis with limited input.
• Develop thorough understanding of the nature and history of the applicant’s business, the market in which the business operates, and assess the capability of its management.
• Understands complex corporate structures and is able to recommend the best borrowing structures to protect the bank. In conjunction with the Relationship Manager (RM), involved in drafting and negotiating complex loan documents prepared by outside law firm or in‑house counsel.
• Prepare and complete the CAR report for submission and approval by Credit Administration.
• Oversees the Letter of Interest (LOI) and ensures consistency between the LOI, loan documents and the CAR.
• Review documents related to loan request, including but not limited to, UCC filings, appraisal report, title policy, lease agreements, credit reports, etc.
• Recommend reporting and performance covenants specific to the type of financing being provided and articulate rationale within the CAR.
• Assist Loan Administrator in a timely boarding and/or funding of loan requests.
• Responsible for correct identification providing adequate support of new loans’ Risk Ratings.
• Keeps apprised of industry related, political and regulatory issues to determine their impact on specific industries or clients.
• Engages with internal and external credit review teams and regulators as needed responding to inquiries on underwritten new loans.
• Provides guidance and mentoring to junior Underwriters regarding more complex transactions that they assist with. Reviews the work completed by junior Underwriters and communicates the review findings to the individuals.
• 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; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
• 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.

• Demonstrates knowledge of, adherence…