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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

As the SVP, Director of Financial Reporting you will play a critical role in ensuring the integrity of the bank’s financial reporting by leading the SEC reporting, regulatory reporting, and technical accounting functions. This high-impact position requires strong collaboration and communication within Finance, Legal, executive management, business partners and external auditors to ensure that all financial reporting and accounting policies meet the highest standards of accuracy, compliance and transparency. This role reports directly to the Chief Accounting Officer, giving you high visibility within the organization and the ability to drive strong governance and compliance. The ideal candidate is an expert in SEC and regulatory reporting with deep knowledge of U.S. GAAP, banking regulations, and technical accounting matters within the financial services industry. 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

SEC Reporting

+ Ensure the accurate and timely preparation, review, and filing of SEC reports, including Forms 10-K, 10-Q, Proxy and 8-Ks, investor-reporting related items, and other required filings under Regulation S-K and Regulation S-X.

+ Ensures the accurate and timely preparation of all internal financial reports including monthly and quarterly reports to the Board of Directors and coordinates with FP&A for reporting to the Company’s business units

+ Oversee XBRL tagging and submission of financial filings through the EDGAR system to ensure timely and accurate compliance with SEC requirements.

+ Ensure the Management Discussion & Analysis (MD&A), footnotes, and disclosure controls are accurate, comprehensive, and compliant with SEC guidelines.

+ Work closely with Investor Relations and Legal to ensure consistency in financial communications, public disclosures, and quarterly earnings releases.

Regulatory Reporting

+ Ensure the accurate and timely preparation, review, and filing of critical regulatory reports, including FR Y-9C, FR Y-9LP, Call Reports, and other applicable reports, ensuring compliance with all regulatory agencies.

+ Oversee the company's risk-weighted asset calculations, ensuring compliance with Basel III capital adequacy rules and related stress testing requirements.

+ Monitor regulatory changes impacting reporting, including evolving regulatory requirements, Dodd-Frank, and Volcker Rule updates, and ensure timely implementation of changes in reporting processes.

Technical Accounting

+ Review complex banking transactions and ensure proper accounting treatment under U.S. GAAP (including ASC 310 for loan accounting, ASC 326 for CECL, ASC 815 for hedge accounting, and ASC 470 for debt).

+ Research and interpret complex technical accounting issues for new products, acquisitions, and significant transactions, ensuring proper application of FASB guidance.

+ Ensure proper documentation and position papers on technical accounting topics, advising senior management on complex accounting matters and the potential impact of new regulatory and accounting standards.

+ Collaborate with Treasury, Accounting, Risk, and Compliance teams to assess accounting and reporting for derivatives, hedging activities, and structured finance transactions.

+ Stay current on changes to regulatory accounting guidance related to banking institutions including, CECL (Current Expected Credit Loss), derivatives and hedging, lease accounting, and income taxes.

Governance and Controls

+ Lead efforts to ensure the internal control environment for financial reporting complies with SOX 404 and PCAOB standards, including oversight of key controls related to regulatory filings and financial disclosures.

+ Collaborate with Internal Audit and external auditors to ensure a smooth audit process and the effective resolution of findings.

+ Identify and drive process improvements in the financial reporting function, enhancing reporting efficiency, data integrity, and automation to streamline complex regulatory filings and reduce risk.

+ Manage and review regulatory capital and liquidity reporting, ensuring alignment with both external reporting requirements and internal risk management processes.

Additional Responsibilities:

+ Involved with interviewing and hiring decisions.

+ Prepare and deliver employee performance evaluations, goal planning, and mentoring.

+ Manage, support, coach and train staff.

+ 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

Required:

+ 12+ years of experience in SEC reporting, regulatory reporting, and technical accounting in a banking/financial institution environment.

+ In-depth knowledge of U.S. GAAP (including ASC 310, ASC 326, ASC 815, ASC 842) and regulatory reporting requirements for banks (including FR Y-9C/LP, Call Reports, etc).

+ Experience within the financial services industry

+ Proven ability to interpret and apply complex accounting standards and regulatory reporting rules, and effectively communicate financial impacts to executive management.

+ Strong project management and leadership skills with experience in managing cross-functional teams, including working with Risk, Legal, Internal and External Audit.

+ Excellent communication skills, both written and verbal, with the ability to clearly explain complex accounting and regulatory matters to non-experts.

Preferred:

+ Master’s degree and CPA

+ Big 4 public accounting experience with a focus on banking regulations is strongly preferred.

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.