EVP, Chief Accounting Officer
Banc of California
**Description**
**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 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.
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 EVP, Chief Accounting Officer (CAO) will lead the accounting organization and is responsible for the strategic direction of the accounting organization, the control structure in place over accounting and external reporting, regulatory reporting, managing our external financial audits and leading the accounting team to implement the systems, processes and controls that support a growing publicly traded company. The CAO will ensure all accounting department policies, reporting and business processes comply with U.S. GAAP and regulatory financial reporting requirements. The Chief Accounting Officer will report directly to the EVP, Chief Financial Officer. 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**
+ Performs personnel actions including performance appraisals, disciplinary actions, and interviewing candidates for employment; supervises the daily activities of the department including, but not limited to, effective delegation of assignments, developing work schedules and providing necessary training.
+ Provides supervision and support to all areas of the department and other areas of responsibility where service or assistance is needed; oversees activities of department personnel.
+ Supervises the following accounting and financial reporting functions, including but not limited to: General Ledger, Accounts Payable/Receivable, development and implementation of systems, policies and procedures to maintain proper financial records, required Federal Reserve Bank Reserves, management reporting, SEC financial reporting, and regulatory financial reporting.
+ Directs the preparation of all financial reports for the Company, including income statements, balance sheets, cash flows, reports to the Board of Directors, shareholders, tax returns, capital calculations and reports for all regulatory agencies.
+ Ensures compliance with all applicable reporting and recordkeeping requirements and timely distribution of related materials and publications to designated personnel.
+ Oversees accounting department and financial reporting audit functions.
+ Prepares reports to analyze projections against actual figures, budgeted expenses and final totals.
+ Assists other branch and department offices in resolving accounting inquiries and providing staff support.
+ Develops and implements policies and procedures pertaining to the maintenance of accurate accounting records and report preparation. Further, develops and implements policies and procedures related to financial audit functions, cash management and liquidity.
+ Assures audit compliance and procedure quality control are maintained for the department and Company; reviews, recommends and initiates corrective actions; oversees certification and Sarbanes Oxley Act audit activities for all branches and departments; and ensures department is in compliance with established Company policies, procedures and state and federal regulations.
+ Maintains advanced knowledge and awareness of financial industry status and trends.
+ Assumes responsibility for special projects; gathers data and prepares reports for the Board of Directors and other members of Senior Management, audits and other personnel.’
+ Directs the identification, development, and implementation of strategies and initiatives to enhance investment performance and the investment processes of the division.
+ Reviews and monitors investment performance. Works with direct reports to ensure timely and effective decision-making, consistent with policy.
+ Through direct reports, oversees all key day-to-day divisional activities.
+ Meets as scheduled with the Board of Directors to communicate investment strategy, initiatives, performance, and other appropriate matters. Maintains open and constructive relations with the Board.
+ Partners with CEO and CFO to ensure the success of the Investment program. Through regular reports on the strategic direction of the program, progress toward strategic initiatives, investment performance, risk management and compliance with policy and guidelines, keeps the CEO apprised of key investment activities.
+ Coordinates activities with the independent consultant(s), maintaining open communication and constructive relations.
+ Directs the preparation of the annual Investments operating budget.
+ 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; 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 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**
+ Bachelor’s Degree in Accounting or a related discipline from an accredited college or university required
+ Master’s Degree preferred
+ Minimum of 20+ years of related work experience/training in accounting and management within the financial industry
+ Banking industry experience preferred but not required
+ Thorough understanding of management procedures; ability to plan department or Company activities (setting objectives, developing strategies, budgeting, and developing policies and procedures); initiative to organize various functions necessary to accomplish department or Company activities; effectively staff (selecting, training and developing employees); directing employees towards the desired objectives (delegating, motivating, resolving problems); controlling the function (developing performance standards, measuring results, taking corrective action and rewarding employees as appropriate)
+ Advanced experience, knowledge and training in progressively responsible branch or department operations, management and supervisory activities
+ Advanced knowledge of general accounting, payroll, budgeting, and related accounting and record keeping systems in a financial institution
+ Excellent organizational and time management skills, with the ability to provide leadership, supervision and training for five or more employees using positive supervisory techniques to ensure maximum productivity; demonstrated ability in organization and delegation skills
+ Advanced skills in computer terminal and personal computer operation; mainframe computer system; word processing, spreadsheet and specialty software programs
+ 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
+ Advanced skills related to the consolidation and reporting of Company financial results, and formulation and implementation of Company accounting procedures
+ Exceptional oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures, write reports and correspondence, and speak clearly to customers and employees
+ Ability to understand, remember, and communicate routine, factual information
+ Ability to understand complex problems and to collaborate and explore alternative solutions
+ Ability to make decisions that have significant impact on the immediate work unit
+ Ability to organize thoughts and ideas into understandable terminology
+ Ability to organize and prioritize own work schedule and the work schedules of others on a short-term and long-term basis
+ Ability to read, analyze and interpret general business periodicals, professional journals, and technical procedures
+ Ability to deal with complex problems involving multiple facets and variables in non-standardized situations
+ Advanced knowledge of developing investments policy, in-depth knowledge of various investment concepts including risk management and compliance, products, styles and asset classes
+ Strong business acumen and executive presence
+ Ability to influence across an organization at the senior level
+ Exceptional relationship skills, can build partnerships with various department heads
+ Ability to understand complex problems and to collaborate and explore alternative solutions
+ Ability to make decisions that have significant impact on the immediate work unit
**HOW WE’LL SUPPORT YOU**
+ **Financial Security:** You will be eligible to participate in a 401k plan in which the Bank will match 100% of the first 4% of your contributions, which is immediately vested.
+ **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 offeradoption, 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 full-time base salary range for this position is $300,000.00 - 425,000.00 USD a year. 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 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.
Equal Opportunity Employer
PacWest Bancorp and its affiliates are fully committed to the principles of equal opportunity and diversity. We take pride in building a workplace culture where all employees feel supported and respected, and have equal access to career and development opportunities without regard to race, religion/creed, color, national origin, age, marital status, ancestry, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), gender identity/expression, sexual orientation, veteran status, physical or mental disability, medical condition, military status, genetic information, or any other characteristic protected by federal, state or local laws.
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