Commercial Loan Closer

BANC OF CALIFORNIA AND YOUR CAREER

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, 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. 

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.

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.
• Follow all established policies and procedures.
• Perform other duties and projects as assigned.

WHAT YOU’LL BRING

• 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
• 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
• High School diploma or equivalent required

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 offer adoption, 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 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.