VP, Special Assets Manager

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 Banc Edge.

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.

Responsible for managing troubled and defaulted mortgage accounts for the Bank in collaboration with the Bank’s subservicers. Evaluates and determines the most effective way to either upgrade or liquidate credit while minimizing risk and/or loss to the Bank. 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.

• Manages distressed mortgage accounts by analyzing least loss outcomes for the Bank on defaulted accounts (i.e. consumer loans, single‑family loans, home equity lines of credit, business purpose loans, etc.).
• Manages communications and creates relationships with subservicers, internal counsel, external counsel and other third‑parties to investigate distressed mortgage accounts. Analyzes the information, formulates a mutually beneficial solution based on the complete facts and circumstances regarding the account and makes recommendations to executive management while maintaining a high degree of courtesy and professionalism with counter parties.
• Applies independent judgment and discretion when evaluating the distressed account; makes independent recommendations for potential resolutions.
• Works with internal and external counsel to manage mortgage accounts that have gone into litigation. Maintains reporting with status for tracking and reporting purposes.
• Creates reports including but not limited to accrual and loan risk grading, open items for all subservicers with follow dates, expected resolution dates, etc.
• Responsible for reviewing, ordering and reporting valuations for defaulted accounts.
• Performs special projects as determined by management. Examples could include involvement in loan sales or portfolio/bank acquisitions.
• Cross‑trained in multiple functional areas within the department to provide support wherever and whenever needed in a dynamic, energetic and demanding environment.
• Broad understanding of residential, consumer and commercial loan foreclosure and default management processes, documentation and servicing.
• Documents department policies and procedures and ensures compliance management.
• 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; promotes working environment free of harassment of any type.
• 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.

• Bachelor’s degree in banking or a business related field
• Minimum of 5 years of experience working in a similar role.
• Master’s degree preferred.
• Strong working knowledge of the Microsoft Office Suite
• Effective organizational and time management skills
• Exceptional oral, written and interpersonal…