Construction Project Administrator

Description Pay or shift range: $70,305 USD to $98,000 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. 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. 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 OPPORTUNITY Work directly and independently with construction contractors /project managers, third party inspection firms, fund control companies, title insurers, borrowers, accountants, lenders and clients from loan approval through final funding to manage the processing of lender approved commercial real estate construction draws and documentation thereof in accordance with internal and regulatory requirements. Provide accurate and responsive funding on highly complex construction loans through all stages. Relied on as a resource for construction industry related practices and legal requirements. Able to thoroughly understand construction related contracts and budgets. 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 At loan closing and in conjunction with the REIG lender, establish the final Master Funding Ledger for assigned loans to include all funding sources and uses utilizing construction budget (s) and loan closing statements. Verify and allocate project equity, for hard and soft costs. Audit the Loan Disbursement File and Master Disbursement Funding Ledger at loan closing for assigned loans, to assure a proper start to the transaction on assigned loans. Confirm all equity payment and verification thereof on assigned loans. Ensure project budgets are accurately set up through approved fund control companies. Proactively participate in initial post-closing meeting with REIG lending/disbursement team, and Borrowers project team. Conduct follow up meetings as necessary. Verify and balance all budget categories and all funding sources, both initially and with each funding request. Coordinate fund control requests and project inspections. Prepare and monitor funding reports for management. Accurately complete funding package, submit for approval, disburse draws using the appropriate funding source and notify recipient of funds. Ensure line item transfers and increase transfers are adequately documented, the cost breakdown continues to balance and all changes are submitted to the Loan Officer for approval. Ensure the Master Funding Ledger is updated regularly to reflect accurate and current construction progress and the status of the remaining available funds. Manage mechanic’s lien detection and responsive resolution via interface with Borrower, Title Officer and Lender. Order and review all applicable endorsements, including but not limited to, foundation and incremental increased coverage endorsements. Obtain rewrite title policies as applicable. Establish and maintain paper and electronic files for assigned construction projects in accordance with REIG and Bank policies and procedures. Periodically review/audit REIG construction files to ensure audit readiness. Process partial demands and reconveyances for REIG subdivision projects. Work with other REIG Team members to monitor and clear ticklers and exceptions. Follow up for receipt and completion of all information in a timely manner. Complete special projects as assigned. Complete error‑free accounting work. Assure proper handling of requests and coordination of lien releases and receipts and compliance with Bank construction funding procedures on assigned files. Confirm all equity payment and verification thereof on assigned files. Maintain standards for construction files and documentation requirements for draws and verifications of payment. Review all construction contracts and budgets for coherence and compliance with Bank requirements on assigned files. Approve final payment and audit construction file for sign off, approved return to regular loan file on assigned files. Confirm appropriate title endorsements are ordered, obtained and managed in file as required on assigned files. Review filing and management of Preliminary Notices received on assigned files. Audit monthly interest payments duty on assigned files. Review mechanics liens and/or contractor disputes on assigned files and provide loan officer and management with recommended action. Follow all established policies and procedures. Perform other duties and projects as assigned. WHAT YOU’LL BRING 7-10 years construction disbursement processing experience or an equivalent required Bachelor’s degree or equivalent work experience Knowledge of IBS Strong familiarity with real estate loan servicing and accounting systems Ability to work at a high level with complex Excel spreadsheets, Word and Outlook Ability to create reports Ability to audit all disbursements efficiently using the Bank’s accounting and loan systems Ability to create reports and tracking spreadsheets Basic knowledge of real estate, escrow, title UCC, and lender due-diligence processes Strong knowledge of the construction process and typical disbursement requirements Ability to manage multiple tasks/projects and deadlines simultaneously Possess strong analytical skills Be a self-starter and detail oriented 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. Equal Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights ( notice from the Department of Labor. #J-18808-Ljbffr