Consumer Portfolio Analyst - (20000165)
Banc of California, Inc. (NYSE: BANC) is a bank holding company with approximately $8 billion in assets and one wholly-owned banking subsidiary, Banc of California, N.A. (the “Bank”). With our 600+ dedicated professionals, we provide customized and innovative banking and lending solutions to businesses, entrepreneurs and individuals throughout California. We proudly partner with community organizations that provide financial literacy, job training, small business support, and affordable housing to help improve the communities where we live and work. With a commitment to service and building enduring relationships, we provide a higher standard of banking.
Responsible for assisting the portfolio manager with ongoing portfolio analysis with actionable recommendations, workouts of consumer credits, detailed review of consumer lending programs, participate in the creation of appropriate policies and procedures, regulatory oversight and interface, assurance of implementation of cutting edge industry procedures.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:
- Assists portfolio management with the following:
- Review and processing of loan workouts, short sale requests, modifications, partial releases, subordinations, etc.
- Preparation of month end and quarter end reports for delinquent loans and charge-offs for Senior Management.
- Provides regulatory oversight for consumer credits.
- Participates in the development and recommendation of appropriate policies and procedures.
- Incumbent should understand risk ratings and be able to provide recommendations for changes in current rating.
- Portfolio analysis: provides early warning of anticipated portfolio or individual loan distress; troubled debt restructuring; works closely with Finance and Credit Services; and non-traditional mortgage loan analysis and quarterly reporting.
- Assists with servicing risk oversight as follows:
- Monitoring existing mortgage servicing portfolio for effective management of assets. Determine if appropriate loss mitigation work-outs meet company or agency guides. Provides guidance to servicing on non-routine situations utilizing various systems and methods.
- Review and validation of data in the Bank’s shadow servicing system ensuring that all active accounts are verified accurate and contain update information necessary for proper and effective credit risk oversight.
- Quarterly servicing and sub-servicing oversight and risk testing. Conduct loan level reviews to ensure proper handling and decisions by servicer and sub-servicers. Report findings and provide recommendations to management. Execute an action plan to resolve any concerns or issues identified by management to completion.
- Conducting research on potential high risk accounts or portfolio concentrations. Complete validation of information, identify areas of concern and communicate to management. Make recommendations.
- Developing and implementing servicing strategies to help mitigate delinquency, and resolve current status to prevent receivable aging and/or potential losses.
- Make conclusive recommendations and decisions based on independent analysis.
- Deal with complex problems involving multiple facets and variables in non-standardized situations.
- Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
- 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.
- 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 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.
- 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.
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).
- Proficient in analyzing credit and other reports on companies and individuals.
- Intermediate skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook.
- Advanced 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.
- Strong customer service skills.
- Exceptional oral, written and interpersonal communication skills.
- Ability to present written credit memorandums in a clear, succinct manner, present credits to management/board loan committee.
- Able to work well in a team-oriented environment.
- Ability to make decisions that have moderate impact on the immediate work unit and cross functional departments.
- Ability to make informal and formal presentations, inside and outside the organization; speaking before assigned team or other groups as needed.
- Ability to multi-task and handle multiple transactions at once.
- Ability to work with little to no supervision while performing duties.
EDUCATION, EXPERIENCE AND/OR LICENSES:
- Bachelor’s Degree or equivalent work experience.
- Two (2) – Three (3) years’ experience in all facets of consumer lending.
- Some Financial analysis experience of business and individual financial statements and tax returns desirable.
- Experience, knowledge and training in all lending activities and terminology.
- Intermediate to advanced Excel – VLOOKUP, SUMIF, Pivot Tables
- Proficient in Fiserv loan system
Primary Location: United States-CALIFORNIA-SANTA ANA
3 MacArthur Place
Santa Ana 92707
Organization: Corporate Services
Job Posting: Sep 29, 2020, 7:17:56 PM