Senior Vice President of Underwriting Operations

2 weeks ago


Phoenix, Arizona, United States Banc of California Full time

Position Overview:

Banc of California, Inc. is a prominent bank holding company based in Los Angeles, specializing in relationship-driven banking solutions for small to middle-market enterprises. The institution is dedicated to delivering a comprehensive suite of financial products and services, including loan and deposit offerings, through an extensive network of branches across California and select locations.

Role Summary:

The Senior Vice President of Underwriting Operations plays a pivotal role in overseeing and guiding various levels of staff in executing numerous underwriting initiatives, particularly those involving substantial and intricate transactions. This position entails providing leadership and support to underwriters engaged in the evaluation of new business opportunities and conducting credit and collateral assessments.

Key Responsibilities:

  • Oversee the flow of transactions and assist in organizing the underwriting process for new deals and credit evaluations.
  • Manage workflows for assigned transactions, ensuring effective collaboration between origination, underwriting, and credit analysis teams to achieve timely and thorough evaluations.
  • Set and monitor performance objectives and standards for staff, developing metrics to assess productivity and quality.
  • Exhibit strong leadership and mentoring capabilities to enhance team performance and development.
  • Facilitate training and professional growth for various staff levels.
  • Evaluate the adequacy of third-party assessments, including appraisals and environmental studies.
  • Address credit-related inquiries from both internal and external clients on a daily basis.
  • Contribute to the refinement of underwriting policies and procedures to align with best practices.
  • Identify and implement process improvements to enhance operational efficiency.
  • Engage in special projects and internal reviews, collaborating with department heads to enhance analytical capabilities.
  • Conduct presentations for diverse audiences and participate in relevant meetings.
  • Travel may be required for on-site engagement and inter-office collaboration.
  • Involved in recruitment and performance evaluation processes for staff.
  • Support and guide team members in their professional development.
  • Perform additional duties as assigned.

Qualifications:

  • Extensive knowledge of compliance with relevant state and federal regulations.
  • Demonstrated management and leadership skills with a focus on staff development.
  • Exceptional analytical abilities with a proven track record in underwriting.
  • Ability to thrive in a collaborative, team-oriented environment.
  • Strong organizational and communication skills.
  • Proficiency in Microsoft Excel, Word, and PowerPoint.

Education and Experience:

  • A minimum of twelve years of experience in underwriting and management.
  • Experience in financial analysis and overseeing complex lending engagements.
  • A Bachelor's degree, preferably in Accounting.

Salary Range: $150,000.00 - $210,000.00 USD; final compensation will be determined based on the candidate's qualifications and experience.



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