Associate, Fund Finance

Banc of California, Inc. (NYSE: BANC) is a bank holding company with over $34 billion in assets and the parent company of Banc of California. As one of the nation’s premier relationship-based business banks, we provide banking and treasury management services to small, middle market, and venture-backed businesses. The bank offers a broad range of loan and deposit products and services through a network of full-service branches, regional offices, digital capabilities, and nationwide payment processing solutions. We also serve the Community Association Management industry nationwide through our technology-forward platform, SmartStreet™. Committed to supporting local communities, we partner with organizations that promote financial literacy, job training, small business support, affordable housing, and more.

About the role

The Associate will analyze, evaluate, structure, underwrite, and close potential life insurance lending opportunities. This position requires the ability to work independently with limited day-to-day supervision. We value smart, hard-working, and creative candidates—prior experience in this exact field is not required to succeed.

Responsibilities

• Evaluate senior and unitranche financing requests to determine credit quality and appropriate loan structures.
• Identify specific merits, risks, and mitigants for each transaction.
• Construct and maintain detailed financial models and develop sensitivity analyses.
• Generate internal approval memoranda and term sheets.
• Perform market, industry, and sponsor due diligence.
• Ensure business terms, concepts, and structure are accurately captured in loan documentation.
• Assist in all aspects of origination activity leading to the closing of new transactions.
• Follow all established policies and procedures.
• Perform other duties and projects as assigned.

Requirements

• 3-4 years’ experience in investment banking or structured lending (premium finance lending preferred).
• Bachelor’s degree required; MBA or Master’s degree preferred.
• Excellent attention to detail and accuracy—work is subject to regulatory scrutiny.
• High level of trust, professionalism, diplomacy, and conceptual judgment.
• Superior interpersonal, verbal, and written communication skills.
• Strong organizational skills with the ability to handle multiple priorities and projects simultaneously.
• Creative and strategic thinker capable of analyzing information to identify trends and draw conclusions.
• Ability to work independently and collaborate cross-functionally in a team environment.
• Proficient in Microsoft Office Suite (Outlook, Excel, Word, PowerPoint).
• High school diploma or equivalent required.

Preferred Qualifications

• Knowledge of banking, financial, or insurance business operations, industry trends, and applicable federal/state banking regulations.
• Meaningful experience with financial modeling.
• Knowledge of multiple lending asset and loan collateral classes.
• Advanced understanding of accounting and finance, including financial statement analysis.

Benefits

• Financial Security: Eligible for the company’s 401k plan with a company match and immediate vesting.
• Health & Well-Being: 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: Adoption, surrogacy, and fertility assistance; paid parental leave; and family support solutions including care options.
• Paid Time Away: Paid vacation days, holidays, and volunteer time off.
• Career Growth Opportunities: Tuition reimbursement, annual mentorship program, leadership development resources, and access to LinkedIn Learning.

Pay

The base salary offered is determined through a review of education, industry experience, training, knowledge, skills, and abilities, aligned with market data and other factors.