Commercial Loan Closer

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 primary function of the position of Commercial Loan Closer is to shepherd an approved loan through the closing process and fund the facility as per the terms outlined in the original approval document. The position requires strong organizational and communication skills as the person must interact with internal clients (Lenders, Client Mangers, etc.) as well as external clients, such as attorneys, insurance agents, and deal directly with the client as applicable.

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.

• After a loan has been underwritten and approved, the Commercial Loan Closer will be assigned to the Loan Team and will coordinate all aspects of the loan closing process to ensure the loan closes.
• Review the approval document for completeness, organize and spearhead the loan closing, including initial funding and post close exceptions.
• Compare documents and discuss discrepancies with underwriter, attorney, client manager and lender for resolution.
• Book all new commercial closed loans in the ACBS/FIS System:
  Add new customer’s information, guarantors, loan data, billing schedule, collateral information, loan fees, cost fees, prepayment penalties, set‑up automatic loan payments, and ticklers.
• Facilitate pay‑offs of other banks /financial institutions.
• Serve as a subject matter expert on Loan Closing for business partners and customers, providing communication and resolving issues.
• Work with business partners and customers to clear conditions prior to closing.
• Manage an assigned pipeline of pending credit actions and loans.
• Improve department operation by collaborating with team members and supervisor to continuously improve processes and make recommendations to meet team goals and objectives.
• Monitor and assure compliance with Federal and State Laws and regulations (including, but not limited to, the Bank Secrecy Act and Anti‑Money Laundering laws, as well as, policies and procedures) re: bank operation.
• Provides assistance to management on special projects (including, but not limited to Quarterly Collateral Audits, Quarterly VCS Unused Fee transactions) and special data analysis.
• Provide assistance to Loan Operations Support staff by processing loan disbursements, payments, payoffs and collateral tracking when capacity is an issue on that team.
• Follow all established policies and procedures.
• Perform other duties and projects as…