VP, Underwriter- HOA Lending

Join to apply for the VP, Underwriter- HOA Lending role at Banc of California

Join to apply for the VP, Underwriter- HOA Lending role at Banc of California

Banc of California and Your Career

Banc of California, Inc. (NYSE : BANC) is a bank holding company headquartered in Los Angeles with a wholly‑owned banking subsidiary, Banc of California (the “bank”). The bank focuses on providing banking and treasury management services to small, middle‑market, and venture‑backed businesses. With full‑service branches throughout California and Denver, Colorado, and payment solutions through Deepstack Technologies, the bank supports communities through financial literacy, job training, small business support, and affordable housing.

At Banc of California, our success is driven by our people. We foster an environment of empowerment, progressive thinking, and entrepreneurial spirit, with core values of Entrepreneurialism, Operational Excellence, and Superior Analytics. We support growth and well‑being through benefits, career development, and a variety of employee resource groups.

The Opportunity

Focusing on Homeowners Association (HOA) lending, the Underwriter will analyze, perform due diligence, and underwrite proposed new loan requests for new and existing clients within the Community and Commercial Bank. Responsibilities include reviewing borrower submissions, preparing written credit presentations, evaluating creditworthiness for both existing and new customers, and creating Credit Approval Recommendation (CAR) reports for Credit Administration approval.

How You’ll Make a Difference

• Independently evaluates and structures complex credit requests within C&I, investor real estate, and specialty industries, primarily emphasizing HOA loans.
• Handles loan types such as delayed draw term loans, lines of credit, asset‑based lending, term loans, commercial real estate loans, bridge loans, guidance lines, buy‑and‑sell side syndicated credits, and cash‑flow reliant facilities.
• Performs independent credit analysis and risk assessment, preparing financial statement analysis, HOA cost reserve studies, and projections.
• Models income statements, balance sheets, and cash‑flow calculations over multiple years; analyzes tax returns and financial statements, performing downside and break‑even projection analysis.
• Builds thorough understanding of the borrower’s business, market, and management capability.
• Interprets complex corporate structures, recommending optimal borrowing structures; collaborates with the Relationship Manager on drafting and negotiating loan documents prepared by outside law firms or in‑house counsel.
• Prepares the CAR report for submission and approval by Credit Administration.
• Oversees the Letter of Interest (LOI) to ensure consistency with loan documents and the CAR.
• Reviews supporting documents such as UCC filings, appraisal reports, title policies, lease agreements, and credit reports.
• Recommends reporting and performance covenants specific to the financing type, articulating rationale within the CAR.
• Assists the Loan Administrator with timely boarding and funding of loan requests.
• Identifies and supports new loans’ risk ratings appropriately.
• Stays informed on industry, political, and regulatory issues that may affect specific industries or clients.
• Engages with internal and external credit review teams and regulators, responding to inquiries on underwritten new loans.
• Provides guidance and mentoring to junior Underwriters; reviews their work and communicates findings.
• Treats people with respect; keeps commitments; upholds ethical conduct and organizational values.
• Demonstrates knowledge of and adherence to EEO policy; promotes a harassment‑free environment and affirmative action.
• Follows policies, completes tasks correctly and on time, and supports the company’s goals and values.
• Performs the position safely, complying with occupational safety and health standards and reporting unsafe conditions.
• Performs other duties and projects as assigned.

What You’ll Bring

How We’ll Support You

Salary Range

The base salary offered will be determined based on education, industry experience, training, skills, and market data, in conjunction with company policy.

Equal Employment Opportunity Statement

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, ancestry, color, religious creed, family and medical leave, disability, marital status, cancer, genetic information, military status, national origin, race, sex (including pregnancy and related medical conditions), gender identity, gender expression, or sexual orientation. Please contact Talent Acquisition if you require reasonable accommodation during the application process.

Seniority Level

Mid‑Senior level

Employment Type

Full‑time

Job Function

Finance and Sales

Industries

Banking

#J-18808-Ljbffr