Massachusetts Jobs

Overview

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 through more than 70 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, 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.

JOB SUMMARY:

The incumbent supports business development efforts (Originations) by analyzing, underwriting new venture banking team lending opportunities and assisting in structuring and closing of new loans as well as transitioning loans to Portfolio Management. This role will work closely with senior Bankers on new transactions. They will also be a key part of business development efforts by attending market events and cultivating their own personal network in the venture banking team ecosystem. There is a focus on credit analysis, credit application preparation and coordination with Portfolio Management. 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.

Responsibilities

• Join all calls with prospect from start to be up to speed on firm and deal.

• Coordinate demo with GTM if needed.

• Aggregate and review all fund documents required for term sheet/credit underwriting memo.

• Prepare term sheet with guidance of banker/CM.

• Prepare credit underwriting memo.

• Engage appropriate CM.

• Work with Client Services/Prospect to ensure relevant bank accounts set up.

• Work with CM/loan closing/prospect to ensure all needed diligence and closing docs have been received.

• Work with prospect on borrowing kit and determine advance needed at close.

• Diligence (review sub docs, confirm service providers, LPs, etc.).

• Prepare any needed change memos and portfolio duties to ensure efficient transition (if applicable).

• Review LinkedIn, Axios, Pitchbook data and other resources to build targeted lead list.

• Reach out to prospects to set meeting for banker when needed (usually on deals banker has no connectivity or small firms banker is not generally not focused on).

• Manage pitch meeting scheduling and follow up (largely sending marketing collateral after meetings) where needed.

• Work with GTM and client services to close deposit only opportunities.

• Attend/organize local events to build network with LPs/GPs and/or service providers.

• Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts 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.

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 Partner.

Qualifications

• Demonstrates 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)

• Responsiveness, passion for excellent customer service

• Willingness to go above and beyond

• Proven ability to underwrite well and independently

• Accuracy, attention to detail, strong organizational skills

• Excellent knowledge of Venture Bank compliance systems

• Team orientation

• Role requires sitting or standing in front of a computer monitor for prolonged periods of time in a fixed neck position.

• Constant use of a computer or other office equipment resulting in repeating motions of the hands and wrists.

• Light work that may include moving objects up to 20 pounds.

• Bachelor’s degree and/or equivalent training and experience

• Minimum of two years’ experience as a Venture Banking Portfolio Analyst or comparable experience at a financial institution, venture capital/private equity firm, business development, or in public accounting

• Master’s degree or higher preferred

SALARY RANGE: $84,743.36-$105,942.72 USD; Exact compensation may vary based on skills, experience, and location.

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Job Locations US-MA-Boston | US-NY-New York

ID 2024-3693

Category Lending/Sales

Type Regular Full-Time

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.