Job Information
Banc of California Commercial Loan Closer in Durham, North Carolina
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 its subsidiary, Deepstack Technologies. 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 OPPORTUNITY
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. 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.
HOW YOU’LL MAKE A DIFFERENCE
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.
Treat people with respect; keep commitments; inspire the trust of others; work ethically and with integrity; uphold organizational values; accept responsibility for own actions.
Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.
Performs other duties and projects as assigned.
WHAT YOU’LL BRING
Proficiency with PC’s, Outlook, Word and Excel
Thorough understanding of Commercial Loan documentation
Familiarity with corporate entity documentation
Advanced customer service skills
Strong organizational skills, ability to meet deadlines, and work under pressure
Excellent communication skills with the ability to work across all levels within the organization
Ability to handle stress and prioritize multiple tasks while meeting time-sensitive deadlines
Discretion and judgment to identify when to escalate issues to the appropriate levels within the organization
Ability to work in a team environment to ensure the common goals for the team are achieved
Ability to identify issues and collaborate with other departments
Meet job expectations regarding attendance and punctuality, as determined by manager
Required:
- 3-5 years’ experience
Preferred:
Experience in two or more areas – legal, loan closing, loan administration, loan documentation or loan review
Bachelor’s Degree and/or relevant work experience or training
Knowledge of FIS – ACBS loan servicing system
Knowledge of Salesforce – nCino loan origination system
HOW WE’LL SUPPORT YOU
Financial Security: You will be eligible to participate in the company’s 401k plan which includes a company match and immediate vesting.
Health & 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).
Building & Supporting Your Family: Banc of California partners with providers that offeradoption, surrogacy, and fertility assistance as well as paid parental leave and family support solutions including care options for your family.
Paid Time Away: Eligible team members receive paid vacation days, holidays, and volunteer time off.
Career 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.
SALARY RANGE
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.
Banc of California is an equal opportunity employer committed to creating a diverse workforce. All qualified applicants will receive consideration for employment without regard to age (40 and over), ancestry, color, religious creed (including religious dress and grooming practices), denial of Family and Medical Care Leave, disability (mental and physical) including HIV and AIDS, marital status, medical condition (cancer and genetic characteristics), genetic information, military and veteran status, national origin (including language use restrictions), race, sex (which includes pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), gender, gender identity, gender expression, and sexual orientation. If you require reasonable accommodation as part of the application process, please contact Talent Acquisition.
Equal Opportunity Employer
PacWest Bancorp and its affiliates are fully committed to the principles of equal opportunity and diversity. We take pride in building a workplace culture where all employees feel supported and respected, and have equal access to career and development opportunities without regard to race, religion/creed, color, national origin, age, marital status, ancestry, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), gender identity/expression, sexual orientation, veteran status, physical or mental disability, medical condition, military status, genetic information, or any other characteristic protected by federal, state or local laws.