Officer, Senior Loan Administrator

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 Banc Edge.

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 Officer, Senior Loan Administrator is responsible for independent decision‑making, the review and analysis of loan transactions, and the timely processing of loan transactions from application through funding and closing of the loan. In addition, this function provides support to all loan parties and is responsible to perform all essential duties related to the collection and review of due diligence and closing and funding.

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.

• Conduct thorough review of the loan file/loan package to ensure it includes all relevant documentation required for the transaction. Independently analyze transaction types and determine necessary due diligence items and legal documents required to ensure accurate closings and compliance with bank and regulatory requirements and procedures.
• Collaborates closely and effectively manages expectations with client, Relationship Managers, and others on the loan team to ensure timely closing of loans.
• Handle complex loans, including those involving outside legal documentation and correspondence, as well as, transactions involving Syndications/Participations and Specialized Lending.
• Perform the pre‑funding validation of the internal “SOX control” related to loan origination funding.
• Solely responsible for identifying any open items timely and work with appropriate parties to collect the necessary items; manage and update open items list as received and reviewed.
• Confirm and coordinate insurance needs with customer, insurance brokers, Relationship Manager to ensure proper insurance is received and collected in a timely manner.
• Order flood certification and complete requirements according to company and regulatory requirements including sending and receiving the flood notice from the Borrower if the loan is in a flood zone. Complete the flood calculator to ensure appropriate flood insurance is in place. Review evidence of insurance to confirm coverage meets bank and regulatory requirements. May perform final review of the flood calculator, flood determinations and flood insurance requirements for accuracy, ensuring accordance with NFIP guidelines and bank policy.
• Order preliminary/proforma title reports, exceptions, and plotted easements and survey if applicable to identify any potential issues, discuss with the Title Officer and Underwriter as to the best course of action; request revisions directly with the title company, if any.
• Order 3rd party collateral reports such as appraisal, environmental,…