Associate - Lender Finance at Banc of California in Chevy Chase, MD

BANC OF CALIFORNIA AND YOUR CAREER

Banc of California, Inc. (NYSE: BANC) is a bank holding company with over $34 billion in assets and the parent company of Banc of California. Banc of California is one of the nation’s premier relationship-based business banks, providing banking and treasury management services to small, middle market, and venture backed businesses. As the largest independent bank headquartered in California, the bank offers a broad range of loan and deposit products and services through a network of full-service branches and regional offices, as well as through digital and nationwide capabilities. The bank also provides full-service payment processing solutions to its clients and serves the Community Association Management industry nationwide through its technology forward platform, SmartStreet™. Banc of California is committed to supporting its local communities through the Banc of California Charitable Foundation and by partnering with organizations that promote financial literacy, job training, small business support, affordable housing, and more.

At Banc of California, our success is powered by our people and a shared commitment to delivering meaningful results. We foster an environment where entrepreneurial thinking is encouraged, and accountability and operational excellence are expected. Our team members are empowered to take ownership, make informed decisions, and make a meaningful impact as the bank continues to grow and evolve. We are dedicated to supporting your growth and wellbeing through comprehensive benefits, robust development opportunities, and inclusive programs that enable you to perform at your best. Together we win!

THE OPPORTUNITY

The Associate in the Lender Finance Group analyzes, evaluates, underwrites, and assists in structuring and closing potential real estate asset-based lending opportunities. Working independently with limited day-to-day supervision and closely with Investment Officers on new transactions, the Associate focuses on valuation, financial analysis, modeling, research, site due diligence, and credit application preparation. 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.

HOW YOU’LL MAKE A DIFFERENCE

• Evaluate transaction requests to determine the quality of each opportunity and potential loan structure to maximize return on investment.
• Perform valuations of underlying real estate assets.
• Identify the specific merits, risks, and mitigants associated with each transaction.
• Construct and maintain detailed real estate financial models and develop sensitivity analyses around key economic drivers.
• Generate internal approval memoranda and draft term sheets.
• Perform industry, company, and market financial research and due diligence.
• Travel to locations throughout the United States to perform required site due diligence.
• Support the legal documentation and execution of new transactions.
• Assist in all aspects of origination activity leading to the closing of new transactions.
• Perform other duties and projects as assigned.

WHAT YOU’LL BRING

• Two to three years of experience in the banking and/or financial services industry required.
• Three to five years of total experience preferred, with two to three years required, in the financial services sector with a focus on real estate, including appraisal, private equity, specialty finance, real estate finance, or investment banking.
• Experience with real estate valuation and modeling.
• Experience evaluating a property’s historical and projected financial cash flows.
• Strong analytical skills, including the ability to value underlying real estate assets and perform cash flow, real estate industry, and market analyses.
• Ability to adapt to multiple real estate asset-based lending opportunities, including performing and non-performing assets.
• Proficiency in Excel and Word required.
• Superior interpersonal skills and experience working with senior management and sophisticated sponsors.
• Strong written and oral communication skills.
• High school diploma or equivalent required.

HOW WE’LL SUPPORT YOU

• Financial Security: You will be eligible to participate in the company’s 401k plan which includes a company match and immediate vesting.
• 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.

The base salary ultimately offered is determined through a review of education, industry experience, training, knowledge, skills, abilities of the applicant in alignment with market data and other factors.

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 their actual or perceived race (including traits associated with race, such as hair texture, hair type or protective hairstyles), religion or religious creed (including religious dress and grooming practices), color, sex (including pregnancy, childbirth, breastfeeding and related medical conditions), sexual orientation, gender, gender identity, gender expression, gender transitioning, citizenship status, national origin, ancestry, age, marital status, military or veteran status, medical condition, genetic information, or disability (mental or physical), requests for accommodation and any additional protected categories set forth in applicable federal, state or local laws. If you require reasonable accommodation as part of the application process, please contact Talent Acquisition.