VP, Loan Officer

About the role

The VP, Loan Officer is responsible for independently monitoring the performance of assigned Lender Finance credit facilities, identifying deviations from agreed-upon performance, and taking appropriate remedial steps. This role requires building strong working relationships with clients to ensure open communication and improved understanding of their operating performance and needs.

Responsibilities

• Manage a portfolio of Lender Finance loans by monitoring and tracking client’s financial performance and ensuring client adherence to the terms of the loan agreements including financial covenants, as applicable.
• Perform financial statement analysis to monitor trends and new developments that may impact credit and collateral quality and loan performance.
• Address and resolve defaults in a timely manner.
• Maintain a portfolio of construction loans within the underlying lender’s borrowing base, including the development timelines and budgets compared to underwritten time and cost estimates.
• Receive, analyze, and process draw requests.
• Manage Credit Analysts who will support Loan Officer in the completion of assigned responsibilities.
• Collaborate with the Originations Group prior to loan closing to prepare for the transfer of new loans into Portfolio Management, including review of Loan Agreements, Intercreditor Agreements, and other legal documents.
• Respond to requests from clients for modifications to existing loans and determine project feasibility, guarantor strength, and adherence to bank credit policy.
• Negotiate terms acceptable to the bank, underwrite, document, and request approval for modifications from senior management, and work with counsel and client to execute modifications.
• Ensure timely and accurate risk rating assessments and inform management of developing problems.
• Adhere to procedures for data entry to systems and tracking reports, and maintain appropriate stewardship of credit files to document all material events and actions.
• Prepare periodic reports and summaries to keep management informed on portfolio performance.
• Communicate with clients and supervisors to resolve loan issues or questions.
• Contribute to team effort by assisting in related tasks and special projects, as needed.
• Follow all established policies and procedures.

Requirements

• Minimum of 6+ years of experience in the commercial real estate finance sector (commercial bank, investment bank, private equity, specialty finance, real estate finance, or mezzanine firm).
• Preferred: Construction lending experience.
• Preferred: Experience with negotiating loan documentation, with exposure to intercreditor arrangements.
• Required: Bachelor's degree in Finance or Accounting.
• Preferred: CPA or MBA.
• Entrepreneurial work ethic and ability to multi-task in a fast-paced environment and team setting.
• Strong analytical skills and resourcefulness necessary to complete in-depth industry and market analyses.
• Advanced Excel spreadsheet skills are required in order to perform essential functions listed above.
• General understanding of corporate finance and accounting concepts.
• Ability to work independently and collaboratively.
• Ability to interface effectively and professionally with senior level management.
• Excellent attention to detail and accuracy.
• Excellent organizational and time management skills.
• Proven ability to use Microsoft Office Suite (Co-Pilot, Outlook, Excel, MS Word, and PowerPoint).
• Creative and strategic thinker capable of analyzing information/processes to determine overall trends and make appropriate conclusions.
• High School diploma or equivalent required.

Qualifications

• Minimum of 6+ years of experience in the commercial real estate finance sector (commercial bank, investment bank, private equity, specialty finance, real estate finance, or mezzanine firm).
• Preferred: Construction lending experience.
• Preferred: Experience with negotiating loan documentation, with exposure to intercreditor arrangements.
• Required: Bachelor's degree in Finance or Accounting.
• Preferred: CPA or MBA.
• Minimum of 6+ years of experience in the commercial real estate finance sector (commercial bank, investment bank, private equity, specialty finance, real estate finance, or mezzanine firm).
• Preferred: Construction lending experience.
• Preferred: Experience with negotiating loan documentation, with exposure to intercreditor arrangements.
• Required: Bachelor's degree in Finance or Accounting.
• Preferred: CPA or MBA.
• Minimum of 6+ years of experience in the commercial real estate finance sector (commercial bank, investment bank, private equity, specialty finance, real estate finance, or mezzanine firm).
• Preferred: Construction lending experience.
• Preferred: Experience with negotiating loan documentation, with exposure to intercreditor arrangements.
• Required: Bachelor's degree in Finance or Accounting.
• Preferred: CPA or MBA.

Skills

• Financial statement analysis.
• Construction lending experience.
• Intercreditor arrangements.
• Loan documentation negotiation.
• Financial modeling and forecasting.
• Excel proficiency.
• Corporate finance and accounting concepts.
• Client relationship management.
• Collaboration and teamwork.
• Communication and presentation skills.
• Problem-solving and decision-making.
• Time management and organization.
• Microsoft Office Suite proficiency.
• Strategic thinking and creativity.

Benefits

Banc of California offers a comprehensive benefits package including:

• 401(k) plan with company match and immediate vesting.
• Comprehensive health and well-being benefits, including medical, dental, vision, AD&D, supplemental life, long-term disability, and pre-tax Health Savings Account with employer contributions.
• Paid parental leave and family support solutions, including care options for your family.
• Paid vacation days, holidays, and volunteer time off.
• Annual mentorship program, leadership development resources, and access to LinkedIn Learning.

Pay

The base salary for this role is determined through a review of education, industry experience, training, knowledge, skills, abilities, and other factors in alignment with market data.

Schedule

Full-time position.