AVP, Loan Documentation Team Lead
Banc of California
**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**
Responsible for a loan transaction once a document request is made by the applicable region/business unit/Loan Administrator. The AVP, Loan Documentation Team Lead is responsible for performing all essential duties related to loan documentation and collateral perfection. The AVP, Loan Documentation Team Lead will work closely with the VP, Loan Documentation Manager and ensure all processes and procedures are functioning as efficiently as possible while mitigating risk for the bank. Also responsible for supervising and directing daily workflows and operations of Loan Documentation Administrators. 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**
+ Facilitate the management of the pipeline report and assignment of loans to ensure that loan documentation meets the region’s/business unit’s requests.
+ Holds the Administrator role in LaserPro and is responsible for ensuring all requirements/standards in LaserPro are in compliance with policies, procedures and regulations.
+ Review internally prepared loan documents drafted by other Loan Documentation Administrators to ensure it adheres to the credit approval and bank policies and procedures. The AVP, Loan Documentation Team
+ Lead will audit loan files for completeness and determine that all bank requirements and guidelines have been met or that appropriate documentation is provided to reflect approval of an exception any requirements prior to approving the prepared loan documents for release to the region/business unit for execution.
+ Will review externally prepared loan documents to ensure adherence to bank policies, procedures and credit approval.
+ Perform a review of the Credit Approval Request, loan agreements or other documentation to determine what documentation is required and from which principals, require explanations for any discrepancies and obtain appropriate entity and collateral documentation to satisfy all bank requirements and any additional requests from Credit and Legal partners.
+ Proactively identify opportunities to improve the quality and efficiency of the loan documentation processes.
+ Handle preparation of the most complex loans, including those involving outside legal documentation and correspondence, as well as transactions involving syndications and specialized lending.
+ Be able to prepare loan documentation independently on LaserPro or Word-based documents in accordance with policies, procedures and credit approval.
+ Responsible for training other Loan Documentation Administrators of all levels on process, procedure, and loan document preparation as necessary. Provide backup support for the Loan Documentation Manager as needed.
+ Maintain specialized knowledge of the loan documentation functions, terminology, policies and procedures and may be required to perform the due diligence requirements for commercial loan purchases.
+ Review the loan file for accuracy and completion as needed for preparation of loan documents, including without limitation, BSA documents, entity documents, appraisal information, preliminary reports and searches.
+ Identify any open items within 24 hours of loan assignment and notify the Loan Administrator and Relationship Manager. Manage and update open items list as received and reviewed.
+ Review preliminary title reports, exceptions, and plotted easements and survey if applicable to identify any potential issues, discuss with the Loan Administrator as to the course of action; if applicable, compare to the proforma title policy ordered by the Loan Administrator. Request revisions directly with the Loan Administrator, if any – as it relates to loan documentation
+ Prepare and review all types of loan documents, which may include, Loan Agreement, Note, Guarantee(s), Subordination Non-Disturbance Agreement (SNDA’s), Security Agreements, loan assignments, assumptions and modifications, etc. confirming the loan documents accurately reflect the credit approval and conform to Company policy and regulatory requirements.
+ Ensure Loan Administrator has obtained Certificate of Good Standing from Secretary of State (dated within 90 days of closing) for Borrower, Guarantor, and Managing Member as it relates to the preparation of loan documentation.
+ Review and sign the Loan Document Review Checklist prepared by the Loan Documentation Administrator (or prepare and submit the Loan Document Review Checklist to the Loan Documentation Manager for review and execution, if the AVP, Loan Documentation Team Lead prepared the loan documents).
+ Assure that all collateral related Uniform Commercial Code (UCC)-1 (state level) have been filed with the applicable Secretary of State.
+ Provide backup support to the Loan Administration Manager and/or Loan Administrators, as requested/needed in the loan closing and loan funding process, including, without limitation, reviewing the balance sheet, the closing checklist, flood determinations, insurance (including flood insurance), wire, tax service contract and other funding and closing requirements.
+ Work with the Loan Administrators to organize all loan records and information accordingly within 5 days of closing.
+ Involved with interviewing and hiring decisions. Prepare and deliver employee performance evaluations, goal planning, and counseling. Manage, support and train staff.
+ 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**
+ 5-7 years of commercial loan documentation experience including: loan documentation preparation, loan documentation maintenance and control, Loan collateral maintenance and control, Credit and public record information searches.
+ Bachelor’s Degree and/or relevant work experience or training
+ Proficient understanding of all documents required for all borrowing entities and ability to assess if the legal documents drawn cover all necessary terms and conditions appropriate for the approved credit product.
+ Experience with FIS loan accounting system preferred.
+ Knowledge of real estate and commercial & industrial (C&I) loans and loan documentation. Small Business Administration (“SBA”) and consumer loan documentation knowledge is a plus.
+ Proficient with nCino and SalesForce.
+ Proficient understanding of the loan closing/funding process.
+ LaserPro experience is required.
+ Knowledgeable in all branch functions associated with origination, processing and closing.
+ Intermediate knowledge of title policies and related loan regulations such as RESPA, HMDA and other Bank lending policies.
+ Intermediate skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook.
+ Intermediate math skills; calculate interest and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.
+ Effective organizational and time management skills.
+ Exceptional oral, written and interpersonal communication skills.
+ Ability to make decisions that have moderate impact on the immediate work unit and cross functional departments.
+ Ability to work with little to no supervision while performing duties.
**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 full-time base salary range for this position is $82,000.00 - $112,500.00 USD a year. 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
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 (https://www.eeoc.gov/poster) notice from the Department of Labor.
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.
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