VP, ABL Account Executive
4 weeks ago
Job Title: VP, ABL Account Executive - Relationship Banker
Job Summary:
Banc of California is seeking a highly skilled VP, ABL Account Executive - Relationship Banker to join our team. As a key member of our Asset-Based Lending (ABL) group, you will be responsible for providing financial, collateral, and trend analysis for our ABL credit clients.
Key Responsibilities:
- Evaluate ABL credit requests for changes in existing credits.
- Prepare both collateral and financial analysis for existing credits, including availability calculations and break-even projection analysis.
- Responsible for a designated group of ABL portfolio companies, performing both quantitative and qualitative analysis of accounts receivable, inventory, term assets, and accounts payable.
- Independently underwrite changes to existing credits and determine appropriate loan structures and covenants to provide early triggers to detect deterioration of credit quality.
- Recommends credit actions by preparing the Credit Approval Memorandum (CAM) which is reviewed by the Asset Based Lending Leader and submitted to credit administration for a final decision.
- Ensures consistency between loan documents and CAM.
- Performs independent analysis of third-party reports, including collateral audits, appraisals, etc.
- Assigns risk ratings according to Bank policy.
- Takes lead and reviews work/spreads completed by credit and collateral analysts and provides feedback and guidance.
- Provides monthly collateral and financial performance summary for portfolio companies.
Requirements:
- Bachelor's degree preferred and 7 + years of related work experience; or equivalent combination of education and experience.
- Expert understanding of financial accounting knowledge.
- Financial analysis experience for business financial statements, individual's financial statements, and tax returns.
- Knowledge in lending, specifically ABL and collateral analysis. Exposures to syndicated credits as a participant and agent.
What We Offer:
- Financial Security: You will be eligible to participate in a 401k plan in which the Bank will match 100% of the first 4% of your contributions, which is immediately vested.
- Health & Well-Being: We offer 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: Banc of California partners with providers that offer adoption, surrogacy, and fertility assistance, as well as paid parental leave and family support solutions, including care options for your family.
- Paid Time Away: Eligible team members receive paid vacation days, holidays, and volunteer time off.
- Career Growth Opportunities: To support career growth of our team members, we offer tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning, and more.
About Us:
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, denial of Family and Medical Care Leave, disability, marital status, medical condition, genetic information, military and veteran status, national origin, race, sex, gender, gender identity, gender expression, and sexual orientation.
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