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Job description
Salary Range: $74,000 USD to $121,500 USD
nDescription
nBANC OF CALIFORNIA AND YOUR CAREER
nBanc 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.
nAt 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!
nTHE OPPORTUNITY
nThe AVP, Senior Loan Administrator is responsible for the timely processing of loan transactions from application through funding and closing. This role supports all loan parties and performs duties related to the collection and review of due diligence and the closing and funding of loans. 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.
nHOW YOU’LL MAKE A DIFFERENCE
nnnAudit loan files prepared for funding and boarding to verify completeness and confirm that Bank requirements and guidelines have been met and appropriate documentation has been provided.
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nnAnalyze prepared balancing sheets when assistance is needed and coordinate estimated funding amounts with escrow, including prepaid interest for escrow transactions.
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nnRequest funding and boarding after satisfactory completion of funding and boarding file reviews.
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nnCollaborate closely with clients, Relationship Managers, and other loan team members to manage expectations and ensure timely loan closings.
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nnHandle complex loans, including transactions involving outside legal documentation and correspondence, syndications, participations, and specialized lending.
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nnPerform pre-funding validation of the internal SOX control related to loan origination funding.
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nnReview loan files and packages to ensure all documentation required for each transaction is included.
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nnAnalyze transaction types and determine the due diligence items and legal documents required to support accurate closings and compliance with Bank and regulatory requirements and procedures.
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nnIdentify open items promptly and work with the appropriate parties to collect the necessary documentation.
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nnManage and update the open-items list as documentation is received and reviewed.
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nnCoordinate insurance requirements with customers, insurance brokers, and Relationship Managers to ensure proper insurance documentation is collected in a timely manner.
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nnOrder flood certifications and complete applicable Company and regulatory requirements, including sending and receiving borrower flood notices for properties located in flood zones.
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nnComplete flood calculators and review evidence of insurance to confirm that appropriate coverage is in place and complies with Bank and regulatory requirements.
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nnMay perform final reviews of flood calculators, flood determinations, and flood insurance requirements for accuracy and compliance with National Flood Insurance Program guidelines and Bank policy.
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nnOrder preliminary or pro forma title reports, exceptions, plotted easements, and surveys, when applicable.
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nnIdentify potential title issues, discuss the appropriate course of action with the Title Officer and Underwriter, and request revisions directly from the title company as needed.
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nnOrder third-party collateral reports, including appraisals, environmental reports, and transaction screen assessment reports, as needed.
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nnReview third-party collateral reports for potential issues and order additional reports as dictated by the findings or conclusions.
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nnOpen escrow and title as needed, coordinate loan closings, and verify the accuracy of escrow settlements before funding and closing.
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nnReview and validate entity structures and organizational documents to verify management and control.
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nnObtain additional documentation supporting the review of entity documents, including certificates of good standing, statements of information, and trust certifications for applicable parties.
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nnPrepare lender instruction letters when escrow is involved.
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nnComplete loan closing and funding packages, including preparing balancing sheets, wires, and final checklists evidencing completion of pre-funding review requirements.
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nnSubmit completed loan packages for boarding.
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nnAssist with the perfection of collateral, including filing UCC-1 financing statements and ordering tax service contracts, as needed.
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nnComplete post-closing follow-up, including obtaining title policies and endorsements, recorded deeds of trust, and other collateral or trailing documentation.
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nnEnsure appropriate Bank-controlled accounts are opened by the applicable business unit and required holds are placed on the accounts.
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nnRespond to inquiries from customers, Relationship Managers, and interdepartmental personnel regarding loan closing status.
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nnWork closely with outside counsel to maintain closing checklists, participate in loan-closing calls, and follow up regularly with clients to ensure checklist items are received in a timely manner.
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nnMonitor the loan pipeline and track progress by updating the nCino Loan Administration Workflow report as needed.
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nnTrack good-faith deposits and rate-lock expiration dates and request that Relationship Managers obtain extensions as necessary.
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nnRequest payoff demands from existing lenders.
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nnProcess withdrawn and declined transactions, including preparing balancing spreadsheets for refunds and preparing and sending adverse action letters when applicable.
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nnEnsure all final documents and due diligence materials are saved in the Bank’s official document repository.
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nnCross-train junior Loan Administrators and provide backup support to the Loan Administration team as needed.
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nnMaintain specialized knowledge of loan boarding functions, terminology, policies, and procedures.
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nnPerform due diligence requirements for commercial loan purchases as needed.
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nnPerform other duties and projects as assigned.
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n nWHAT YOU’LL BRING
nnnMinimum of six years of commercial loan administration and financial services experience, including loan documentation preparation, loan closing, and loan funding.
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nnProficient understanding of the documentation required for borrowing entities and the ability to assess whether legal documents include all terms and conditions appropriate for the approved credit product.
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nnProficiency in nCino and Salesforce.
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nnCurrent knowledge of real estate, construction, Commercial and Industrial, entertainment, specialty lending, asset-based lending, and syndicated lending loans.
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nnKnowledge of branch functions associated with loan origination, processing, and closing.
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nnKnowledge of applicable state and federal banking regulations and laws, including Regulation Z, Regulation B, the Fair Housing Act, Home Mortgage Disclosure Act, Real Estate Settlement Procedures Act, Fair Credit Reporting Act, Bank Secrecy Act, USA PATRIOT Act, Anti-Money Laundering requirements, Customer Identification Program, Right to Financial Privacy Act, and Community Reinvestment Act.
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nnAbility to exercise discretion and independent judgment with a moderate impact on the immediate work unit and cross-functional departments.
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nnAbility to make conclusive recommendations based on independent analysis.
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nnProficient knowledge of title policies, related loan regulations, and Bank lending policies.
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nnIntermediate knowledge of commercial insurance terminology, forms, and Bank requirements.
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nnProficient computer skills, including Microsoft Word, Excel, PowerPoint, and Outlook.
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nnIntermediate math skills, including calculating interest and percentages, balancing accounts, performing calculations using whole numbers, common fractions, and decimals, locating routine mathematical errors, computing rates, ratios, and percentages, and drafting and interpreting bar graphs.
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nnEffective organizational and time-management skills.
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nnExceptional oral, written, and interpersonal communication skills.
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nnAbility to make decisions that have a moderate impact on the immediate work unit and cross-functional departments.
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nnAbility to work with little to no supervision.
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nnBachelor’s degree preferred.
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nnFamiliarity with IBS or a similar loan system preferred.
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nnHigh school diploma or equivalent required.
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n nHOW WE’LL SUPPORT YOU
nnnFinancial Security: You will be eligible to participate in the company’s 401k plan which includes a company match and immediate vesting.
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nnHealth & 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).
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nnBuilding & 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.
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nnPaid Time Away: Eligible team members receive paid vacation days, holidays, and volunteer time off.
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nnCareer 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.
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n nThe 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.
nBanc 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.
nEqual Opportunity Employer
nThis employer is required to notify all applicants of their rights pursuant to federal employment laws.
nFor further information, please review the Know Your Rights ( notice from the Department of Labor.
Worksite address
denver, CO, 80285, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.