Senior Loan Collateral Specialist

Job Opportunity At Banc Of California

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 involves ensuring the integrity and compliance of loan and collateral processes within the Collateral Team. This includes conducting thorough second reviews of collateral releases, amendments, and terminations. The role also encompasses managing and monitoring collateral associated with loans originated and serviced by the bank throughout their entire lifecycle. It involves safeguarding original loan documentation to maintain compliance and integrity, and ensuring that all collateral remains in good standing, particularly with regard to Uniform Commercial Code (UCC) requirements. The position also includes reporting any tax delinquencies tied to collateralized loans, identifying loans eligible for pledging from a collateral documentation perspective, and ensuring the timely and accurate release of collateral when appropriate. Additionally, the role requires handling and responding to subpoena requests as well as conducting general collateral research and addressing related inquiries.

To make a difference, you will prepare collateral releases, amendment and terminations to ensure accuracy and compliance. Conduct second reviews of collateral releases, amendments, and terminations to ensure accuracy and compliance. Assist in managing workflow for the collateral team. Facilitate and actively participate in projects within the Collateral Team. Take on cross-functional responsibilities, either on a permanent or interim basis, to support broader team objectives. Maintain and monitor original loan files for new, existing, and paid off loans to ensure accuracy and compliance. Manage a portfolio of loans with UCC (Uniform Commercial Code) filings, including filing, amending, extending, and terminating filings as necessary. Run, review, and report on tax delinquency reports to identify and address outstanding tax issues promptly. Respond to subpoenas by gathering and providing appropriate backup documentation in a timely and confidential manner. Review and process paid off loans, ensuring all collateral releases and terminations are completed accurately and without delay. Review and certify cash collateral, stocks, and bonds for loans secured by cash or negotiable collateral. Ensure loan files are reviewed and coded appropriately and timely for pledging and audit purposes. Manage and archive paid off loan files according to company policy and retention requirements. Conduct various research related to loans and collateral as requested, supporting compliance and operational needs. Follow all established policies and procedures. Perform other duties and projects as assigned.

The ideal candidate requires 4+ years of loan servicing experience, banking or relevant industry. Required advance research skills, strong organizational skills, attention to detail. Preferred knowledge of commercial loans and documentation. Proficient in Microsoft Excel and Word. The ability to produce a large volume of work in a very fast paced environment. Effective oral, written and interpersonal communication skills. Ability to work independently with minimal supervision. High School diploma or equivalent required.

Banc of California supports your growth and wellbeing through comprehensive benefits, robust development opportunities, and inclusive programs that enable you to perform at your best. Financial security is provided through the company's 401k plan which includes a company match and immediate vesting. Health & well-being is covered with 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 is facilitated through partnerships 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 is available with paid vacation days, holidays, and volunteer time off. Career growth opportunities are supported through tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning, and more.