Banc of California
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.
Job Title VP, Underwriter – HOA Lending
Location Irvine, CA
Job Details
Seniority level : Mid‑senior level
Employment type : Full‑time
Job function : Finance & Sales
Industry : Banking
Responsibilities
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.
Qualifications
Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to Regulation Z, Regulation B, Fair Housing Act, Home Mortgage Disclosure Act, RESPA, FCRA, BSA, USA PATRIOT Act, AML, CIP, Right to Financial Privacy Act and CRA.
PC proficient with emphasis in Word, Excel.
Excellent composing and writing skills.
Ability to communicate verbally with a wide range of people.
Responsiveness, judgment, maturity, integrity, and time management skills.
Must be a self‑starter and able to multi‑task, work efficiently on own and team environment, and be readily adaptable to change.
Ability to work under pressure and meet completion time tables.
Strong financial analytical skills with the ability to evaluate complex financial statements and complicated business and personal tax returns.
Bachelor’s Degree and/or relevant work experience or training.
Required:
Minimum of 6‑8 years of underwriting experience in real estate, construction and commercial financing including valuation and asset management and financial analysis.
Preferred:
Experience in underwriting new loans to HOAs.
Proficient with nCino.
Benefits
Financial Security: You will be eligible to participate in the company’s 401k plan which includes a company match and immediate vesting.
Health & Well‑Being: We offer comprehensive insurance options including medical, dental, vision, AD&D, supplemental life, long‑term disability, pre‑tax Health Savings Account with employer contributions, and pre‑tax Flexible Spending Account (FSA).
Building & Supporting Your Family: Banc of California partners with providers that offer adoption, surrogacy, and fertility assistance as well as paid parental leave and family support solutions including care options for your family.
Paid Time Away: Eligible team members receive paid vacation days, holidays, and volunteer time off.
Career Growth Opportunities: To support career growth of our team members, we offer tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning, and more.
Salary Base salary ultimately offered is determined through a review of education, industry experience, training, knowledge, skills, abilities of the applicant in alignment with market data and other factors.
Equal Employment Opportunity 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, ancestry, color, religious creed, family and medical care leave status, disability (mental and physical), gender identity, sexual orientation, veteran status, and national origin. If you require reasonable accommodation as part of the application process, please contact Talent Acquisition.
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Job Title VP, Underwriter – HOA Lending
Location Irvine, CA
Job Details
Seniority level : Mid‑senior level
Employment type : Full‑time
Job function : Finance & Sales
Industry : Banking
Responsibilities
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.
Qualifications
Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to Regulation Z, Regulation B, Fair Housing Act, Home Mortgage Disclosure Act, RESPA, FCRA, BSA, USA PATRIOT Act, AML, CIP, Right to Financial Privacy Act and CRA.
PC proficient with emphasis in Word, Excel.
Excellent composing and writing skills.
Ability to communicate verbally with a wide range of people.
Responsiveness, judgment, maturity, integrity, and time management skills.
Must be a self‑starter and able to multi‑task, work efficiently on own and team environment, and be readily adaptable to change.
Ability to work under pressure and meet completion time tables.
Strong financial analytical skills with the ability to evaluate complex financial statements and complicated business and personal tax returns.
Bachelor’s Degree and/or relevant work experience or training.
Required:
Minimum of 6‑8 years of underwriting experience in real estate, construction and commercial financing including valuation and asset management and financial analysis.
Preferred:
Experience in underwriting new loans to HOAs.
Proficient with nCino.
Benefits
Financial Security: You will be eligible to participate in the company’s 401k plan which includes a company match and immediate vesting.
Health & Well‑Being: We offer comprehensive insurance options including medical, dental, vision, AD&D, supplemental life, long‑term disability, pre‑tax Health Savings Account with employer contributions, and pre‑tax Flexible Spending Account (FSA).
Building & Supporting Your Family: Banc of California partners with providers that offer adoption, surrogacy, and fertility assistance as well as paid parental leave and family support solutions including care options for your family.
Paid Time Away: Eligible team members receive paid vacation days, holidays, and volunteer time off.
Career Growth Opportunities: To support career growth of our team members, we offer tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning, and more.
Salary Base salary ultimately offered is determined through a review of education, industry experience, training, knowledge, skills, abilities of the applicant in alignment with market data and other factors.
Equal Employment Opportunity 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, ancestry, color, religious creed, family and medical care leave status, disability (mental and physical), gender identity, sexual orientation, veteran status, and national origin. If you require reasonable accommodation as part of the application process, please contact Talent Acquisition.
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