THE OPPORTUNITYResponsible for the completion of new deal underwritings, i.e. providing financial, credit, and trend analysis for the delivery of the Banks credit products and services to sponsor backed lower middle market and middle market prospects in the Technology industry. In addition, the AVP, underwriter will also play an integral role in the loan closing process. The AVP, underwriter will work with the originations team on new deal underwritings and should strive to understand the prospect's operating performance and needs, and work to build strong working relationships both internally and externally. 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.
HOW YOU'LL MAKE A DIFFERENCE- Both independently and in conjunction with the originations team, evaluates and structures complex credit requests across both lower middle market and middle market venture capital, growth equity and private equity backed technology companies.
- Performs independent credit analysis of new credit requests, generating complete underwriting files ranging from deal screening documents to final credit approval memorandums. Including, but not limited to, preparing analysis of financial statements for privately held and Sponsor owned companies from quality of earnings reports, financial projections and audited statements.
- Should be very well versed in modeling income statement, balance sheet and cash flow over multiple years, and be able to perform a downside and break-even projection analysis with limited input. Can work with company CFO's to assure the projections they provide cover all necessary concepts.
- Prepares final approval documents via change memos, approval emails, etc. in addition to the new credit memorandums.
- Plays a key role in loan closings; interacts with loan operations, insurance operations, treasury management and various other internal stakeholders in preparing and ultimately closing new loan opportunities. Interacts with nCino on a regular basis in order to complete these tasks.
- Ensures compliance with all applicable regulations, policies and procedures. Keeps up with changes to banking regulation and completes bank training courses on-line, and on time.
- Understands complex corporate structures.
- Travel to client sites.
- Follow all established policies and procedures.
- Perform other duties and projects as assigned.
WHAT YOU'LL BRING- Minimum of minimum of 4-6 years of underwriting experience in real estate, construction and commercial financing including valuation and asset management and financial analysis
- Bachelor's Degree and/or relevant work experience or training
- Experience in underwriting various Commercial Real Estate properties including Construction financing
- PC proficient with emphasis in Word, Excel and Moody's
- Proficient with nCino
- Excellent composing and writing skills
- Ability to communicate verbally with a wide range of people
- Responsiveness, judgment, maturity, integrity, and time management skills
- Strong financial analytical skills with the ability to evaluate complex financial statements and complicated business and personal tax returns
- High School diploma or equivalent required
HOW WE'LL SUPPORT YOU- 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 RANGEThe 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.
