Banc of California, Inc.
(NYSE: BANC) is a bank holding company with approximately $8 billion in assets and one wholly-owned banking subsidiary, Banc of California, N.A.
(the “Bank”).
With our 600+ dedicated professionals, we provide customized and innovative banking and lending solutions to businesses, entrepreneurs and individuals throughout California.
We proudly partner with community organizations that provide financial literacy, job training, small business support, and affordable housing to help improve the communities where we live and work.
With a commitment to service and building enduring relationships, we provide a higher standard of banking.
JOB SUMMARY:
Responsible for the development, maintenance, and analysis of SBA Loan Portfolio.
Reviews, analyzes, structures, and recommends approval or decline of various servicing actions including collateral substitutions, additional guarantors, etc.
Ensures that loans are maintained in accordance with SBA SOP 50 10 5(K), covenants, bank policies and procedures and Standard Operating Procedures.
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.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Responsible for all aspects of the bank’s SBA portfolio managementfunctions.
- Analyzes financials, evaluates collateral, assesses deteriorating/non-performing SBA credits and recommendsworkouts/restructures.
- Responsible for performing a thorough review of current and prospective clients by gathering and analyzing their background credit and legal information, to validate their credit worthiness and legal standing.
- Performs independent credit analysis for annual reviews, loan renewals or modifications (i.e.
prepare financial analysis of business and personal tax returns and financial statements) and risk rating certifications.
- Responsible for communicating with the SBA origination group and the SAG/MAG group to assess and report to the Head of Business Banking and Department Credit Administrator any anticipated migration of loans to SAG/MAG.
- May be involved in underwriting and completion of Credit Approval Memos (CAM), as needed.
Makes independent decisions regarding whether credit should beapproved.
- Prepares Risk Rating change memos under the supervision of Head of BusinessBanking.
- Tests and prepares Key Performance Indicators and Loan CovenantCompliance.
- Works with Loan Servicing to ensure SBA loans are boarded correctly to maintain dataintegrity.
- Works with SBA Manager and SBA Loan Coordinator to ensure new SBA 7a and SBA 504 loans are processed, closed, and boarded in adherence of SBA and BankSOP’s.
- Reviewsdailyoverdraftreportonassignedaccounts.WorkswithHeadofBusinessBankingtoavoidlosses onoverdrafts.
- Ensures adherence to the Bank’s loan policies as well as Standard Operating Procedure, and actively incorporates them when underwritingcredit.
- Ordersvariousthirdpartyreportstimely,suchas,collateralaudits,andappraisalenvironmentalreports; and develops an adequate knowledge of appraisal and environmental reports andpolicies.
- Assists in managing Credit Risk associated with Treasury Management products not necessarily associated with Loanaccounts.
- Ensures compliance with all applicable regulations, policies and procedures, and stays abreast of emerging changes to banking regulation and completes bank training courseson-line.
- Activelyinitiatesproblemloanidentificationandadministration,asrequired.WritesProblemLoanStatus Reports (PLSR’s) as required by policy and quarterly Risk Rating Certifications.
Responsible for ongoing proactive and correct identification and monitoring of Risk Ratings for Borrowers under the Risk Rating Policies of the Bank; to ensure there are not Risk Rating upgrades or downgrades, when audited by internal or external auditors.
- Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for ownactions.
- Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences;educatesothersonthevalueofdiversity;promotesworkingenvironmentfreeofharassment of any type; builds a diverse workforce and supports affirmativeaction.
- Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals andvalues.
- Performs the position safely, without endangering the health or safety of themselves or others and will beexpectedtoreportpotentiallyunsafeconditions.Theemployeeshallcomplywithoccupationalsafety andhealthstandardsandallrules,regulationsandordersissuedpursuanttotheOSHAActof1970,which are applicable to one’s own actions andconduct.
- Performs other duties and projects asassigned.
Banc of California is an equal opportunity employer committed to creating a diverse workforce.
All qualified applicants will receive consideration for employment without regard to age (40 and over), ancestry, color, religious creed (including religious dress and grooming practices), denial of Family and Medical Care Leave, disability (mental and physical) including HIV and AIDS, marital status, medical condition (cancer and genetic characteristics), genetic information, military and veteran status, national origin (including language use restrictions), race, sex (which includes pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), gender, gender identity, gender expression, and sexual orientation. If you require reasonable accommodation as part of the application process please contact Talent Acquisition Partner.
ESSENTIAL KNOWLEDGE, SKILLS, AND ABILITIES:
- Expert in compliance of SBA SOP-50 10 5 (K), including but not limited to, all aspects of portfolio management, servicing, buying and selling to and from the secondary market, and timely reporting to the SBA.
- Expert in loan documentation and creating a PerfectedLien.
- Strong understanding of accounting and spreading the financialstatements.
- Strong skills in computer terminal and personal computer operation; Microsoft Officeapplications including but not limited to: Word, Excel, PowerPoint andOutlook.
- Advanced math skills; calculate interest and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bargraphs.
- Effective organizational and time management skills.
Ability to juggle multiple taskssimultaneously.
- Exceptional oral, written and interpersonal communication skills.
Analytical writing skills amust.
- Ability to make decisions that have moderate impact on the immediate work unit and crossfunctional departments.
- Ability to comprehend and explain financialcalculations
- Ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence and procedures, and speak clearly to customers andemployees.
- Ability to make informal and formal presentations, inside and outside the organization; speaking before assigned team or other groups asneeded.
- Ability to deal with complex difficult problems involving multiple facets and variables in non
– standardizedsituations. - Ability to work with little to no supervision while performingduties.
- Must be fully vaccinated for COVID-19 (i.e., at least 2 weeks after last dose) and, if hired, present proof of vaccination by start date.
EDUCATION, EXPERIENCE AND/OR LICENSES:
- Bachelor’s degree or equivalent combination of education and workexperience.
- Minimum ten (10) or more years of related work experience and/or trainingpreferred.
- Financial analysis experience related to business and individual financial statements and tax returns preferred.