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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

The Portfolio Operations Associate is expected to independently monitor the receipt and performance of all insurances associated with the loan portfolio. This includes but is not limited to Property (Commercial and Residential), Master Condo, Business Personal Property, Liability, Liquor Liability, Professional Liability, Business Interruption, Worker’s Compensation, Life, Errors & Omissions, Disability, and Pollution Insurances. The individual will identify deviations from the agreed upon coverages and take the appropriate remedial steps. The Portfolio Operations Associate will work closely with a Loan Officer to assess client and collateral risk on the loan portfolio, which consists of SBA 7a, 504, and Express loan programs as well as conventional commercial loans. Additionally, the individual will maintain accurate data on all physical loan files. Perform and complete various projects and assignments as needed. 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

+ Create insurance ticklers for all loans in the portfolio as required.

+ Send notification to guarantors and insurance agents requesting updated insurance information.

+ Directly contact guarantors and insurance agents in order to obtain current insurance information.

+ Accept insurance certificates through mail, e-mail, fax, etc.

+ Evaluate and process insurance certificates in a timely manner.

+ Obtain proper assignment language through insurance agents and agencies.

+ Negotiate proper coverages with guarantors, and insurance agents.

+ Obtain force placed insurance coverages when required and where available.

+ Update the loan system with accurate and up to date insurance information.

+ Evaluate and create ticklers for acquired portfolios.

+ Access fees and charges to a loan for force placed insurance or other items as needed.

+ Process and administer insurance claims according to bank policies and procedures.

+ Save insurance certificates and related information to the document management system.

+ Inform loan officers of changes to collateral, business status, or other items as discovered.

+ Provide accurate information to loan officers as required to maintain current risk assessments.

+ Prepare weekly reports and summaries to keep management informed of insurance deficiencies and variances.

+ Place physical loan files and records in storage and maintain accurate records of all loan files.

+ Retrieve physical loan files and ship them to various locations as needed.

+ Create property tax ticklers for all loans in the portfolio as required.

+ Directly contact property counties to determine property tax status.

+ Work with borrower to obtain payment data and cure delinquencies as needed.

+ Inform loan officers of needed changes to loan structure or other items as discovered.

+ Provide accurate tax information to loan officers as required to maintain current risk assessments.

+ Prepare monthly reports and summaries to inform management of tax delinquencies.

+ Keep an active record of data destruction dates in order to effectively manage storage needs.

+ Maintain a complete understanding of SBA SOPs related to insurance, taxes, financials, etc. requirements.

+ Understand the basic requirements related to SBA liquidations.

+ Maintain insurances, taxes, financials, etc. so that SBA guarantees are fully honored.

+ Prepare for and participate in multiple audits from internal, external and regulatory groups.

+ Complete NAGGL or other SBA related training programs as recommended by manager.

+ Contribute to team effort by accomplishing related results as needed, including special projects.

+ 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

+ Ability to communicate (orally and in writing) in a professional manner when dealing with clients, peers, and company contacts

+ Advanced Excel spreadsheet skills are required in order to perform essential functions listed above

+ General understanding of corporate finance and accounting concepts

+ Ability to work independently and collaboratively

+ Ability to interface effectively and professionally with senior level management

+ Ability to multi-task several projects at once

+ Excellent attention to detail and accuracy

+ Excellent organizational and time management skills

+ Proven ability to use Microsoft Office Suite (Outlook, Excel, MS Word, and PowerPoint)

+ Required:

+ Minimum two or more years’ lending/insurance experience

+ High School Diploma or equivalent

+ Preferred:

+ SBA lending experience

+ Associate's degree or higher

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 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.