Associate, Fund Finance

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 will support the Fund Finance team in originating, underwriting, structuring, closing, and monitoring credit facilities for private capital clients, including venture capital, growth equity, private equity, private credit, and other investment fund managers. The role will focus primarily on fund-level credit products such as capital call/subscription lines, GP and management company lines, and related fund finance solutions. This position requires strong credit judgment, financial analysis skills, attention to detail, and the ability to partner effectively with relationship managers, credit partners, legal counsel, operations, treasury management, and clients. 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

• Support the underwriting and structuring of fund finance credit facilities, including capital call/subscription lines, GP and management company lines, and other fund-level lending products.
  
• Analyze fund structures, investment strategies, investor bases, limited partnership agreements, private placement memorandum, and borrowing base calculations to assess credit quality and appropriate loan structure.
  
• Partner with relationship managers, credit approval partners, legal counsel, operations, treasury management, and other internal stakeholders to support transaction execution and ongoing client service.
  
• Identify specific merits, risks, and mitigants for each transaction.
  
• Construct and maintain detailed financial models and develop sensitivity analyses.
• Generate internal approval memoranda and term sheets.
  
• Perform market, industry, and sponsor due diligence.
  
• Ensure business terms, concepts, and structure are accurately captured in loan documentation.
  
• Assist in all aspects of origination activity leading to the closing of new transactions.
  
• Follow all established policies and procedures.
• Perform other duties and projects as assigned.

WHAT YOU’LL BRING

• 3-4 years’ experience in investment banking, structured lending required.
• Premium finance lending preferred.

• Bachelor’s degree required and MBA or Master’s degree preferred.

• Excellent attention to detail and accuracy – work is subject to various forms of regulatory scrutiny.
• Must exhibit a significant level of trust, professionalism, diplomacy and conceptual judgement in addition to normal courtesy and tact.
• Superior interpersonal verbal and written communication skills.
• Strong organizational skills with the ability to handle multiple priorities, and projects simultaneously.
• Creative and strategic thinker capable of analyzing information/processes to determine overall trends and make appropriate conclusions.
• Ability to work independently yet collaborate cross-functionally in a team environment.
• Proven ability to use Microsoft Office Suite (Outlook, Excel, MS Word, and PowerPoint.

• Knowledge of banking/financial/insurance business operations, industry trends and applicable federal and state banking regulations for safety and soundness related to credit risk/loan review and governances to identify gaps in the Bank’s credit and underwriting policies and procedures preferred.
• Meaningful experience with financial modeling preferred.
• Knowledge of multiple lending asset and loan collateral classes preferred.
• Advanced understanding of accounting and finance including financial statement analysis preferred.
• 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.

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.