VP, Client Manager / Portfolio Manager - Life Sciences

About the role

The VP, Client Manager is responsible for owning all aspects of client retention for an assigned group of borrowers, generating value for Banc of California by leveraging the Bank's services and products to deepen relationships through expertise in financing options and service offerings, and delivering an outstanding client experience.

Responsibilities

• Take ownership of all aspects of the borrower relationship within the assigned portfolio.
• Retain quality clients through expertise in financing options and service offerings, coordinating with all Banc of California support groups to deliver an outstanding client experience.
• Exit or remediate underperforming borrowers with minimal losses.
• Lead the Portfolio Management collaboration effort with the Origination team prior to loan closing to prepare for the seamless transfer of the new client into Portfolio Management.
• Proactively track performance of client operations, interfacing with venture capital sponsors consistently to monitor intent and capacity for any needed ongoing funding.
• Ensure all credits in the assigned portfolio are accurately graded according to the Bank's risk rating procedures.
• Take ownership of independent collateral verification and protection, and borrower due diligence, on an ongoing basis.
• Perform ongoing financial analysis to monitor trends and new developments that may impact loan performance, and to identify opportunities to enhance value to Banc of California and the client by providing additional or expanded beneficial products or services.
• Lead the underwriting, approval, negotiating, and closing processes for additional funding requests or modifications to existing loans.
• Prepare reports and summaries to keep management informed on portfolio performance, as required.
• Communicate with client and or supervisor to anticipate potential loan issues or questions and formulate creative resolutions.
• Provide guidance for and mentoring of junior level team members.
• Involvement with interviewing and hiring decisions.
• Prepare and deliver employee performance evaluations, goal planning, and counseling.
• Manage, support, coach and train staff.

Requirements

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)

Proficient with Word and Excel

Entrepreneurial work ethic

Strong analytical skills

Review and be knowledgeable of departmental and human resource’s policies and procedures

High School diploma or equivalent required

Bachelor’s Degree and/or relevant work experience or training Required: 3+ years lending, credit, public accounting or venture backed finance experience

Preferred: CPA or MBA

5+ years lending, credit, public accounting or venture backed finance experience