VP, Client Manager- Life Sciences

Overview: 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 nations 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 through more than 70 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, as well as full-stack payment processing solutions through its subsidiary, Deepstack Technologies. 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. Job Summary The VP, Client Manager is responsible for owning all aspects of client retention for an assigned group of borrowers, generating value for Banc of California by leveraging the Banks services and products to deepen relationships through expertise in financing options and service offerings, and delivering an outstanding client experience. The VP, Client Manager takes responsibility for independently monitoring the quality of assigned borrowers, growing the best relationships, while identifying any unfavorable deviations of underperforming borrowers and working proactively with colleagues to take any needed remedial steps. The VP, Client Manager coordinates with Originations colleagues to manage all aspects of the relationships with the Venture Capital sponsors supporting the borrowers, and the borrowers themselves. This position requires an ability to work independently with limited day-to-day supervision. Responsibilities: Take ownership of all aspects of the borrower relationship within the assigned portfolio. Retain quality clients through expertise in financing options and service offerings, coordinating with all Banc of California support groups to deliver an outstanding client experience. Exit or remediate underperforming borrowers with minimal losses. Lead the Portfolio Management collaboration effort with the Origination team prior to loan closing to prepare for the seamless transfer of the new client into Portfolio Management. Proactively track performance of client operations, interfacing with venture capital sponsors consistently to monitor intent and capacity for any needed ongoing funding. Ensure all credits in the assigned portfolio are accurately graded according to the Banks risk rating procedures. Take ownership of independent collateral verification and protection, and borrower due diligence, on an ongoing basis. Perform ongoing financial analysis to monitor trends and new developments that may impact loan performance, and to identify opportunities to enhance value to Banc of California and the client by providing additional or expanded beneficial products or services. Lead the underwriting, approval, negotiating, and closing processes for additional funding requests or modifications to existing loans. Prepare reports and summaries to keep management informed on portfolio performance, as required. Communicate with client and or supervisor to anticipate potential loan issues or questions and formulate creative resolutions. Provide guidance for and mentoring of junior level team members. Involved with interviewing and hiring decisions. Prepare and deliver employee performance evaluations, goal planning, and counseling. Manage, support, coach and train staff. Perform other duties 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. If you require reasonable accommodation as part of the application process please contact Talent Acquisition Partner. Qualifications: Minimum of 5 years lending/credit experience Bachelors degree in Finance or Accounting Proficient with Word and Excel Entrepreneurial work ethic Strong analytical skills Review and be knowledgeable of departmental and human resources policies and procedures CPA or MBA Role requires sitting or standing in front of a computer monitor for prolonged periods of time in a fixed neck position. Constant use of a computer or other office equipment resulting in repeating motions of the hands and wrists. Light work that may include moving objects up to 20 pounds. Travel for client visits and other meetings up to 25% of time (approximately 1 5 days per month). Salary Range: $101,212.80- 175,435.52 USD; Final salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with geographic/market data.

Created: 2024-11-04