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Description

BANC OF CALIFORNIA AND YOUR CAREER

Banc of California, Inc. (NYSE: BANC) is a bank holding company headquartered in Los Angeles with one wholly-owned banking subsidiary, Banc of California (the “bank”). Banc of California is one of the nation’s premier relationship-based business banks focused on providing banking and treasury management services to small, middle-market, and venture-backed businesses. Banc of California offers a broad range of loan and deposit products and services, with full-service branches throughout California and Denver, Colorado, as well as full-stack payment processing solutions through its subsidiary, Deepstack Technologies. The bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more.

At Banc of California, our success is driven by our people, and we take pride in fostering an environment where everyone can reach their full potential. We embrace a culture of empowerment, progressive thinking, and entrepreneurial spirit, ensuring our team members have an opportunity to make an impact and play an important role in the future of Banc of California. Our core values – Entrepreneurialism, Operational Excellence, and Superior Analytics – empower us in creating a dynamic and inclusive workplace. We are committed to supporting your growth and well-being with comprehensive benefits, career development programs, a variety of employee resource groups, and more. TOGETHER WE WIN®

THE OPPORTUNITY

The SVP, Business Finance Loan Officer is responsible for independently monitoring the performance of assigned borrowers, identifying deviations from agreed-upon performance, and taking appropriate remedial steps. This role requires building strong working relationships with all clients to ensure open communication and a better understanding of their operating performance and needs. The position demands the ability to work independently with limited day-to-day supervision. The SVP, Business Finance Loan Officer is also responsible for providing financial, collateral, and trend analysis for the Bank’s asset-based lending (ABL) credit clients. Additionally, they must stay informed about industry-related, political, and regulatory issues to assess their impact on specific industries or clients. 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

+ Credit Evaluation and Analysis:

+ Evaluate ABL credit requests and prepare collateral and financial analysis.

+ Perform quantitative and qualitative analysis of portfolio companies' financials.

+ Independently underwrite changes to existing credits and determine loan structures.

+ Identify risk and manage through troubled situations.

+ Credit Approval and Documentation:

+ Prepare Credit Approval Memorandum (CAM) and ensure consistency with loan documents.

+ Recommend credit actions and submit CAM for final decision.

+ Analyze third-party reports and assign risk ratings.

+ Portfolio Management:

+ Manage a designated group of Business Finance portfolio companies.

+ Provide monthly collateral and financial performance summaries.

+ Develop loan management strategies to minimize credit risk.

+ Manage troubled credits to minimize losses and mitigate risk.

+ Client Interaction and Support:

+ Respond to client requests for additional funding or loan modifications.

+ Oversee client accounts and ensure proper processing of funding and cash receipts.

+ Communicate with clients to resolve loan issues.

+ Compliance and Integrity:

+ Maintain financial integrity by auditing documents and following internal controls.

+ Prepare risk ratings and reports to keep management informed.

+ Treat people with respect, work ethically, and uphold organizational values.

+ Team Collaboration and Leadership:

+ Lead and review work of credit and collateral analysts.

+ Provide feedback and guidance to team members.

+ Contribute to team efforts and special projects.

+ Additional Responsibilities:

+ Travel for client visits and meetings as needed.

+ Perform other duties as assigned.

+ 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.

WHAT YOU’LL BRING

+ 10+ years of asset-based lending/credit experience is required

+ Five years of more in senior level asset-based lending relationship management is preferred

+ Bachelor’s Degree and/or relevant work experience or training

+ CPA or MBA a plus is preferred

+ Proficient with Microsoft Word and Excel

+ Entrepreneurial Work Ethic

+ Strong Analytical Skills, including data analysis and problem-solving

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 offeradoption, 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 RANGE

The 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.

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.

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws.

For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.

Equal Opportunity Employer

PacWest Bancorp and its affiliates are fully committed to the principles of equal opportunity and diversity. We take pride in building a workplace culture where all employees feel supported and respected, and have equal access to career and development opportunities without regard to race, religion/creed, color, national origin, age, marital status, ancestry, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), gender identity/expression, sexual orientation, veteran status, physical or mental disability, medical condition, military status, genetic information, or any other characteristic protected by federal, state or local laws.