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Credit Analyst
Banc of California
Century City, CA, United States
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Description
Since 1941, Banc of California (NYSE:BANC) has empowered California’s diverse private businesses, entrepreneurs and communities, provided full service banking and lending, and partnered with businesses, families and employees to achieve their dreams.
Today, we are large enough to meet our clients’ banking needs, yet small enough to care and serve them well. Banc of California’s strong balance sheet, deep community roots and commitment to lasting and meaningful relationships are the foundation for its long record of success.
JOB SUMMARY:
Responsible for assisting Credit Administration and CCO with reporting and data management tasks. Assists SCO with follow up procedures to insure application process meets regulatory standards. Assists lending function by gathering, verifying, analyzing, spreading and maintaining credit and financial information on borrowing customers. Assists with the analytical and underwriting portions of loan presentations as assigned under the direction of loan officers and the SCO. Performs all duties in accordance with the company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
1. Maximize understanding of reporting capabilities, and data base management for CASH spreadsheet software. Become system expert, assist loan officers in using the software to assist in their completion of their credit write-ups, e.g. cut and paste, projections, adding debt schedules, pro-forma columns, combining business and personal cash flows. Train new credit analysts on system.
2. Maintains loan approval tracking, CAM log of approved loans, shared drive folder of approval CAM’s and sends loans requiring Board Ratification to credit administration.
3. Order real estate appraisals, environmental reports and reviews, and distribute as appropriate. Maintain applicable logs and files.
4. Initiates and monitors receipt of problem loan reports. Follow up with officers if PLR’s are overdue.
5. Maintain Credit file compliance items, i.e. financial reporting and performance covenants for borrowing customers. Use ITI or software dedicated to this purpose. Maintain and protect the data base of tickler items.
6. Assist SCO with the maintenance and monitoring of the application log as well as
7. Coordination of necessary correspondence as it pertains to credit department.
8. Special projects as directed by the SCO, including audit preparation, and form and template design. .
9. Assists the line operations by performing underwriting tasks for new and renewal credits, including, financial statements, tax returns, personal credit reports, UCC searches, asset verifications, aging’s, trade and credit checking’s, D&B reports, and credit investigations.
10. Spread business and personal financial statements and tax returns on CASH spreadsheet software.
11. Maintain data base of borrower financial statements on CASH spreadsheet software.
12. Respond to requests from third parties for credit and account rating information, and CPA firm confirmation under bank’s established credit policies.
13. Become proficient in the use of Business Analytics software report writing tool. Provide reports using Business Analytics.
14. Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
15. Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
16. Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
17. Performs the position safely, without endangering the health or safety of themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.
18. Performs other duties and projects as assigned.
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 (40 and over), ancestry, color, religious creed (including religious dress and grooming practices), denial of Family and Medical Care Leave, disability (mental and physical) including HIV and AIDS, marital status, medical condition (cancer and genetic characteristics), genetic information, military and veteran status, national origin (including language use restrictions), race, sex (which includes pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), gender, gender identity, gender expression, and sexual orientation.
Qualifications
ESSENTIAL KNOWLEDGE, SKILLS, AND ABILITIES:
• 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).
• Intermediate skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook.
• Intermediate math skills; calculate interest and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.
• Effective organizational and time management skills.
• Exceptional oral, written and interpersonal communication skills.
• Ability to make decisions that have moderate impact on the immediate work unit and cross functional departments.
• Ability to organize and prioritize work schedules on a short-term and long-term basis.
• Ability to provide consultation and expert advice to management.
• Ability to make informal and formal presentations, inside and outside the organization; speaking before assigned team or other groups as needed.
• Ability to deal with complex difficult problems involving multiple facets and variables in non-standardized situations.
• Ability to work with little to no supervision while performing duties.
EDUCATION, EXPERIENCE AND/OR LICENSES:
• Bachelor’s Degree in Business, Accounting or related field and a minimum of two (2) years’ experience working in a similar field.
• Experience in the Banking industry preferred.
• Current Driver’s License and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities