Portfolio Operations Associate

• Pay or shift range: $49,000 USD to $74,000 USD
  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.
• Full-Time
• Requisition #: PORTF
  005203

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, Smart Street™. 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 Portfolio Operations Associate is expected to independently monitor the receipt and performance of all insurance associated with the loan portfolio. This includes, but is not limited to, Property (Commercial and Residential), Master Condo, Business Personal Property, Liability, Liquor Liability, Professional Liability, Business Interruption, Worker's Compensation, Life, Errors & Omissions, Disability, and Pollution Insurance. The individual will identify deviations from the agreed-upon coverages and take the appropriate remedial steps.

The Portfolio Operations Associate will work closely with a Loan Officer to assess client and collateral risk on the loan portfolio, which consists of SBA 7(a), 504, and Express loan programs, as well as conventional commercial loans. Perform and complete various projects and assignments as needed. 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.

• Create insurance ticklers for all loans in the portfolio as required.
• Monitor third-party tracking activities as required.
• Send notifications to guarantors and insurance agents requesting updated insurance information.
• Directly contact guarantors and insurance agents in order to obtain current insurance information.
• Accept insurance certificates through mail, email, fax, and other methods.
• Evaluate and process insurance certificates in a timely manner.
• Obtain proper assignment language through insurance agents and agencies.
• Negotiate proper coverages with guarantors and insurance agents.
• Obtain force-placed insurance coverages when required and where available.
• Update the loan system with accurate and up-to-date insurance information.
• Ev…