VP, Underwriter

Description

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 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. 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 VP, Underwriter will perform analysis, due diligence and underwriting of proposed Small Business Administration loan requests. Review initial borrower submissions, perform analysis of information submitted and prepare a written credit presentation of construction, real estate, and commercial loan requests. The primary purpose of this position is to independently evaluate the credit worthiness of loan requests covering both existing customers and new credit relationships.

Aside from performing financial analysis and cash flow calculations as well as the determining the viability of each credit request based on Banc of California's lending criteria, the position holder is responsible for the timely, effective and efficient completion of required underwriting tasks to make recommendations and creating the appropriate Loan Report for eventual forwarding to and obtaining approval from Credit Management.

The underwriter interacts and effectively communicates with Bank personnel and with existing or prospective clients. 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.

• Review and evaluate loan application packages for completeness and eligibility under Small Business Lending Loan Program guidelines.
• 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.
• Complete spreadsheet of financial statements and / or tax returns.
• Analysis of tax returns, financial statements, and cash flow calculations.
• Effectively function as a member of the deal team to assess the credit worthiness of prospective borrowers.
• Recommend the approval, decline and / or restructuring of specific loan request.
• Identify the credit risk and suggest mitigants.
• Apply appropriate asset‑based lending techniques when evaluating collateral where applicable.
• Prepare and complete the Loan Report for submission and approval of Small Business Administration Loan Program request by Credit Management.
• Participate in credit committee meetings as appropriate.
• Assist in the preparation and completion of Commitment Letters (as needed) to ensure that the approval conditions imposed by Credit Management are spelled clearly to all parties.
• Review documents related to loan request, including but not limited to, UCC filings, appraisal report, Title policies & issues, lease agreements, credit reports, etc.
• Review loan documents to ascertain key components of the credit facility.
• Ensures…