20 days old

Credit Analyst I, Business Banking

Banc of California
Los Angeles, CA 90012
  • Job Code
    21000027

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 assisting Underwriters, Relationship Managers and/or Portfolio Managers with the credit origination process and financial reviews and analysis on the existing portfolio. Reviews borrower information, perform credit/financial analysis and Know Your Customer (KYC) due diligence and insure initial application process meets regulatory and Banc standards. In some areas, the job will be largely focused on creating credit spreads by spreading the financial statements of corporate and individual borrowers and performing cash flow analysis on borrowers. In support of the Portfolio Managers, monitors assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration, as applicable. Keeps appraised of industry related, political and regulatory issues to determine their impact on specific industries or clients. Performs all duties in accordance with the companys policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.




ESSENTIAL DUTIES AND RESPONSIBILITIES:



  1. Responsible for spreading operating history, personal and entity financial statements and/or tax returns of borrower, as applicable and required.

  2. Depending on the assigned department, will be responsible for performing the initial or 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.

  3. May monitor financial and covenant compliance in conjunction with Underwriters, as applicable.

  4. May assist with the underwriting and completion of Credit Approval Memorandums (CAM), coordination and preparation for portfolio reviews and audits, and monitoring and reporting of the origination process and portfolio review activities, as applicable.

  5. May assist with the coordination and preparation for portfolio reviews and audits, and monitoring and reporting of the origination process and portfolio review activities, as applicable.

  6. Conduct professional and courteous correspondence with clients.

  7. Monitor assigned credit relationships for covenant compliance, collateral monitoring, and credit deterioration, as applicable.

  8. Depending on the assigned department, may support the Portfolio Managers by pulling all 3rd party vendor reports and preparing all tickler reports for the team.May also be responsible for gathering documentation including proof of insurance, recorded title and property taxes

  9. Ensure compliance with all applicable regulations, policies and procedures.

  10. Keep up with changes to banking regulation and completes bank training courses on time.

  11. Treat people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.

  12. Follow policies and procedures; completes tasks correctly and on time; supports the companys goals and values.

  13. Demonstrate 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.

  14. Perform 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 ones own actions and conduct.

  15. Perform other duties and projects as assigned.

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.



ESSENTIAL KNOWLEDGE, SKILLS, AND ABILITIES:
  • Demonstrate 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 the following: Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act), Fair Housing Act (FHA), Home Mortgage Disclosure Act (HMDA), Real Estate Settlement Procedures Act (RESPA), Fair Credit Reporting Act (FCRA), Bank Secrecy Act (BSA) in conjunction with the USA PATRIOT Act, Anti-Money Laundering (AML) and Customer Information Program (CIP), Right to Financial Privacy Act (RFPA, state and federal) and Community Reinvestment Act (CRA).

  • Basic skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook.

  • Proficiency in intermediate math and accounting skills required.

  • Effective organizational and time management skills.

  • Ability to grasp and understand mathematical concepts, including accounting concepts, balancing, loan interest calculations.

  • Ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence and procedures, and speak clearly to customers and employees.

  • Ability to deal with problems involving multiple facets and variables in non-standardized situations.

  • Excellent time management skills and accustomed to working with deadlines.

EDUCATION, EXPERIENCE AND/OR LICENSES:



  • Bachelor's degree in accounting, finance, economics or related field and 0-1 years of work experience or equivalent combination of education, training and experience.

  • Financial analysis experience working with business financial statements and tax returns and individual financial statements and tax returns preferred.






Posted: 2021-02-08 Expires: 2021-03-09
Sponsored by:
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Sponsored by:
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Credit Analyst I, Business Banking

Banc of California
Los Angeles, CA 90012

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