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Banc of California
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  • Treasury Management Specialist  

    - Orange County
    Job Opportunity At Banc Of California Banc of California, Inc. (NYSE:... Read More
    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. 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: Responsible for performing the best-in-class customer service and operational support duties relating to the Treasury Management products and services for the Bank. 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: Provides a full range of best in class professional, technical and general support to customers and Bank personnel. Products included in this support include Retail and Business Online Banking, eBanking Wires, ACH, Remote Deposit Capture, Positive Pay, Account Reconciliation, Lockbox, 3rd Party Depository Services, Merchant Card Services, Account Analysis. Performs customer setups; prepares contracts and maintains customer files; tracks sales records, monitors product usage and systems authority. Resolves problems within given authority. Assists in providing a written response to Request for Proposals. Helps in the coordination and support of audits and examinations. Provides clerical assistance in training Bank personnel on the features and benefits of Treasury management products and services. Performs a variety of routine daily tasks; reviews reports, prepares correspondence; and participates in special department projects. Responds to inquiries or refers inquiries to the appropriate department or person and exhibits the necessary follow through with customers and/or staff involved. Consistently applies superior decision-making techniques pertaining to inquiries, approvals and requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development. Operates computer terminal or personal computer to process account activity, determine balances and resolve problems within given authority. Answers telephones, answers questions and directs callers to proper Bank personnel. Assumes responsibility for various department functions in the absence of staff members or in overload situations. Follow all established policies and procedures. Perform other duties and projects as assigned. What You'll Bring: 1-2 years' of related work experience and/or training. Work related experience should consist of a credit or loan processing background. Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related. Prior banking experience required. Bachelor's Degree preferred. Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act), Fair Housing Act (FHA), Home Mortgage Disclosure Act (HMDA), Real Estate Settlement Procedures Act (RESPA), Fair Credit Reporting Act (FCRA), Bank Secrecy Act (BSA) in conjunction with the USA PATRIOT Act, Anti- Money Laundering (AML) and Customer Information Program (CIP), Right to Financial Privacy Act (RFPA, state and federal) and Community Reinvestment Act (CRA). Basic knowledge of related state and federal banking compliance regulations, Bank operational policies and procedures, and the Bank's products and services. Effective organizational and time management skills. Intermediate skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook. Intermediate typing skills to meet production needs of the position. 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. Exceptional oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures, write reports and correspondence, and speak clearly to customers and employees. Ability to understand and follow basic instructions and guidelines. Ability to communicate with individuals utilizing a telephone; requires ability to hear and speak effectively on the telephone. Ability to work with general supervision while performing duties. 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 Read Less
  • AVP, Construction Disbursement Administrator  

    - Los Angeles County
    Job Title Construction Disbursement Processor Job Description Work dir... Read More
    Job Title Construction Disbursement Processor Job Description 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. Responsibilities 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 due 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. Qualifications 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 Benefits Financial Security: You will be eligible to participate in the company's 401k plan which includes a company match and immediate vesting. Health Read Less
  • Sr Construction Disbursement Administrator  

    - Los Angeles County
    Construction Loan Disbursement Specialist Banc of California, Inc. (NY... Read More
    Construction Loan Disbursement Specialist 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: Work directly and independently with construction contractors/project managers, third party inspection firms, fund control companies, title insurers, borrowers, accountants, and lenders to 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 to include all funding sources and uses utilizing construction budgets and loan closing statements. Verify and allocate project equity, for hard and soft costs. At loan closing and in conjunction with the REIG lender, review and approve the initial Master Funding Ledger prepared by REIG disbursement team members to include all funding sources and uses utilizing construction budgets and loan closing statements. Ensure project budgets are accurately set up through approved fund control companies. Facilitate 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. As required approve funding packages prepared by REIG disbursement team members. 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 re-conveyances for REIG subdivision projects. Work with other REIG Team members to monitor and clear ticklers and exceptions. Complete monthly certifications as assigned. Follow up for receipt and completion of all information in a timely manner. Special projects as assigned. Complete error-free accounting work. Follow all established policies and procedures. Perform other duties and projects as assigned. What You'll Bring: 3 to 5 years Construction Disbursement and Commercial Lending experience is required. SBA 7(a) experience preferred. College degree or equivalent experience is preferred. Ability to work in word, outlook and excel. Ability to create reports. Strong knowledge of escrow, title, UCC, and lender due-diligence/verification processes. Strong knowledge of commercial loan processing, documentation, closing procedures, underwriting requirements, and terminology. 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 Read Less

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