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Job description
Pay or shift range: $75,000 USD to $95,000 USD
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.
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 Officer, Senior Loan Administrator is responsible for the review and analysis of loan transactions and the timely processing of loan transactions from application through funding and closing. This role provides support to all loan parties and performs essential duties related to the collection and review of due diligence, closing, and funding documentation. 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
nnnConduct thorough reviews of loan files and loan packages to ensure all required transaction documentation is included.
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nnIndependently analyze transaction types and determine required due diligence items and legal documents needed for accurate closings and compliance with bank and regulatory requirements.
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nnCollaborate with clients, Relationship Managers, and loan team members to ensure timely loan closings.
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nnHandle complex loans, including transactions involving outside legal documentation, Syndications/Participations, and Specialized Lending.
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nnPerform pre-funding validation of internal SOX controls related to loan origination funding.
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nnIdentify outstanding items, coordinate with appropriate parties to obtain required documentation, and maintain open items tracking.
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nnCoordinate insurance requirements with customers, insurance brokers, and Relationship Managers to ensure timely receipt of appropriate coverage.
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nnOrder flood certifications and complete all related requirements, including flood notices, flood insurance verification, and compliance reviews in accordance with NFIP guidelines, regulatory requirements, and bank policy.
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nnOrder and review preliminary or proforma title reports, title exceptions, easement information, and surveys, and coordinate resolution of identified issues.
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nnOrder and review third-party collateral reports, including appraisals, environmental reports, and transaction screen assessments, and obtain additional reports as necessary.
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nnOpen escrow and title, coordinate loan closings, and ensure escrow settlements are accurate prior to funding.
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nnIndependently review entity structures and organizational documents and obtain supporting documentation required to verify management and control.
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nnPrepare lender instruction letters when escrow is involved.
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nnComplete loan closing and funding packages, including balancing sheets, wires, final checklists, and pre-funding review requirements prior to boarding.
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nnAssist with collateral perfection, including UCC filings and tax service contract ordering.
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nnPerform post-closing follow-up, including obtaining title policies, endorsements, recorded documents, and trailing collateral documentation.
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nnEnsure required bank-controlled accounts are opened and appropriate account holds are established.
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nnRespond to customer, Relationship Manager, and internal inquiries 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 on outstanding requirements.
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nnMonitor loan pipelines and update nCino Loan Administration Workflow reports as needed.
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nnTrack good faith deposits and rate lock expiration dates and coordinate extension requests when necessary.
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nnRequest payoff demands from existing lenders.
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nnProcess withdrawn and declined transactions, including refund reconciliation and adverse action notifications when applicable.
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nnMaintain a professional and courteous attitude while delivering service to internal and external clients.
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nnEnsure 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 for the Loan Administration team as needed.
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nnPossess specialized knowledge of loan boarding functions, terminology, policies, and procedures, including due diligence requirements for commercial loan purchases.
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nnFollow all established policies and procedures.
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nnPerform other duties and projects as assigned.
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n nWHAT YOU’LL BRING
nnnMinimum of four (4) to six (6) years of commercial loan administration and financial services experience, including loan documentation preparation, loan closing, and funding.
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nnProficient understanding of all documents required for borrowing entities and the ability to assess whether legal documents contain appropriate terms and conditions for approved credit products.
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nnProficient in nCino and Salesforce.
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nnCurrent knowledge of Real Estate, Construction, Commercial & Industrial (C&I), Entertainment, Specialty Lending, Asset Based Lending, and Syndicated Lending loans.
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nnKnowledgeable in branch functions associated with loan origination, processing, and closing.
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nnAssures compliance with all bank policies and procedures and applicable state and federal banking regulations.
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nnAbility to exercise discretion and independent judgment that impacts 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 and applicable lending regulations, including RESPA, HMDA, and other bank lending policies.
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nnIntermediate knowledge of commercial insurance terminology, forms, and bank requirements.
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nnProficient skills in Microsoft Office applications, including Word, Excel, PowerPoint, and Outlook.
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nnIntermediate math skills, including calculating interest, percentages, rates, ratios, balancing accounts, 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 moderate impact on the immediate work unit and cross-functional departments.
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nnAbility to work with little to no supervision while performing duties.
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nnFamiliar with IBS (or similar) loan systems.
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nnBachelor’s degree.
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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
thousand oaks, CA, 91362, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.