THE OPPORTUNITYThe VP, Loan Officer is expected to independently monitor the performance of assigned Lender Finance credit facilities, identify deviations from agreed upon performance and take the appropriate remedial steps. The VP, Loan Officer should strive to build strong working relationships with all clients to ensure open communication and improved understanding of the client's operating performance and needs. This position requires an ability to work independently with limited day-to-day supervision. 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- Manage a portfolio of Lender Finance loans by monitoring and tracking client's financial performance and ensuring client adherence to the terms of the loan agreements including financial covenants, as applicable.
- Perform financial statement analysis to monitor trends and new developments that may impact credit and collateral quality and loan performance. Address and resolve defaults in a timely manner.
- Monitor the status of construction loans within the underlying lender's borrowing base including the development timelines and budgets compared to underwritten time and cost estimates.
- Receive, analyze and process draw requests.
- Management of Credit Analysts who will support Loan Officer in the completion of assigned responsibilities.
- Collaborate with the Originations Group prior to loan closing to prepare for the transfer of new loans into Portfolio Management, including review of Loan Agreements, Intercreditor Agreements, and other legal documents.
- Respond to requests from clients for modifications to existing loans and determine project feasibility, guarantor strength and adherence to bank credit policy. Negotiate terms acceptable to the bank, underwrite, document, and request approval for modifications from senior management, and work with counsel and client to execute modifications.
- Ensure timely and accurate risk rating assessments and inform management of developing problems.
- Adhere to procedures for data entry to systems and tracking reports, and maintain appropriate stewardship of credit files to document all material events and actions.
- Prepare periodic reports and summaries to keep management informed on portfolio performance.
- Communicate with client and or supervisor to resolve loan issues or questions.
- Contribute to team effort by assisting in related tasks and special projects, as needed.
- Follow all established policies and procedures.
- Perform other duties and projects as assigned.
WHAT YOU'LL BRING- Minimum of 6+ years of experience in the commercial real estate finance sector (commercial bank, investment bank, private equity, specialty finance, real estate finance, or mezzanine firm)
- Preferred:
- Construction lending experience
- Experience with negotiating loan documentation, with exposure to intercreditor arrangements
- Required: Bachelor's degree in Finance or Accounting
- Preferred: CPA or MBA
- Entrepreneurial work ethic and ability to multi-task in a fast paced environment and team setting
- Ability to analyze financial statements (profit and loss, balance sheet, and cash flow statements)
- Strong analytical skills and resourcefulness necessary to complete in-depth industry and market analyses
- Ability to communicate (orally and in writing) in a professional manner when dealing with clients, peers, and company contacts
- Advanced Excel spreadsheet skills are required in order to perform essential functions listed above
- Proficiency in use of AI tools to enhance productivity
- General understanding of corporate finance and accounting concepts
- Ability to work independently and collaboratively
- Ability to interface effectively and professionally with senior level management
- Ability to multi-task several projects at once
- Excellent attention to detail and accuracy
- Excellent organizational and time management skills
- Proven ability to use Microsoft Office Suite (Co-Pilot, Outlook, Excel, MS Word, and PowerPoint)
- Creative and strategic thinker capable of analyzing information/processes to determine overall trends and make appropriate conclusions
- 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.
