BANC OF CALIFORNIA AND YOUR CAREER
Banc of California, Inc. (NYSE: BANC) is a bank holding company headquartered in Los Angeles with one wholly-owned banking subsidiary, Banc of California (the “bank”). Banc of California is one of the nation’s premier relationship-based business banks focused on providing banking and treasury management services to small, middle-market, and venture-backed businesses. Banc of California offers a broad range of loan and deposit products and services, with full-service branches throughout California and Denver, Colorado, as well as full-stack payment processing solutions through BancEdge. The bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more.
At Banc of California, our success is driven by our people, and we take pride in fostering an environment where everyone can reach their full potential. We embrace a culture of empowerment, progressive thinking, and entrepreneurial spirit, ensuring our team members have an opportunity to make an impact and play an important role in the future of Banc of California. Our core values – Entrepreneurialism, Operational Excellence, and Superior Analytics – empower us in creating a dynamic and inclusive workplace. We are committed to supporting your growth and well-being with comprehensive benefits, career development programs, a variety of employee resource groups, and more. TOGETHER WE WIN®
THE OPPORTUNITY
The Field Exam Officer to perform initial exams for prospective client evaluation, recurring scheduled field examinations for existing Asset Based Lending (“ABL”) clients. This includes a review of books and records, analysis of bank statements and a review of sources and uses of cash; review of financial statements; perform tests on Accounts Receivable including shipping test; analyze credit memos and other receivable deductions and report accounts receivable statistics; review of accounts payable; perform inventory test counts, cost test and slow moving/obsolete inventory analysis, calculate and prepare the initial buy-in report on new deals, and review other aspects of borrower's business as necessary. 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
Perform initial exams on prospective clients and recurring exams on existing accounts when requested Obtain an understanding of the transaction and establish an appropriate scope for diligence (in conjunction with the Credit Officer). Diligence may be performed on-site or remotely depending upon transaction circumstances. Assess management, analyze historical and projected financial data and cash flows, and review business plans and industry trends Prepare and maintain appropriate work papers to support analysis and testing Prepare a well written report documenting scope, key findings, recommendations, and results of testing and analysis performed Review third party diligence reports when provided Identify credit issues and recommend appropriate follow-up as required to adequately address credit exposure Participate with portfolio management in planning an effective and appropriate diligence scope to assess ongoing risk, business performance and\or compliance to the credit agreement Communicates exam findings and recommendations in a written report to Field Examination Manager and Portfolio Manager, revealing and discussing significant issues, and recommending corrective measures for issues noted Review credit agreement to ascertain the key components of the credit facility and reporting requirements Gain an understanding of the industry in which the client operates and its key drivers Develop and perform appropriate and sufficient testing of assumptions and assertions to confirm reasonableness. When applicable, confirm client's computation of covenants and borrowing base certificates are in compliance with loan documents and prudent lending practices When an issue develops during on-site work, the Sr. Field Examiner must be capable of isolating the issue, potentially creating a workpaper specifically designed to best analyze the concern Assist in the training of junior field examiners. Maintain professional education to stay current with changing accounting environment Willingness to travel 25-50% of time, sometimes stay overnight and on short notice Treat people with respect; keep commitments; inspire the trust of others; work ethically and with integrity; uphold organizational values; accept responsibility for own actions. Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; promotes working environment free of harassment of any type. Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values. Performs the position safely, without endangering the health or safety to 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. Performs other duties and projects as assigned
WHAT YOU’LL BRING
Minimum 5-7 years auditing experience, preferably in commercial finance/banking industry or accounting firm specializing in diligence for ABL lenders; Minimum 3+ years of initial exams experience in the ABL sector Bachelor's degree Capable of making logical and well supported audit conclusions and recommendations regarding accounts receivable, inventory, accounts payable and other pertinent field examination areas Ability to design and implement appropriate field exam procedures when unusual collateral or reporting circumstances exist Able to conduct survey works on complex deals that include A/R, inventory, equipment, and purchase order line independently or with minimal assistant from supervisor. Strong writing and interpersonal skills Strong analytical skills and attention to details Accounting degree
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.
SALARY RANGE
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.