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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 Senior Settlement & Reconciliation Analyst is responsible for supporting reconciliation activities for the Payments business unit at Banc of California. Key duties include, processing daily reconciliations, settlements, and transfers between merchant reserves, reconciling and validating sponsorship and origination, and issuing income. This role also involves acting as a liaison between the Accounting and Merchant Services departments, while reporting to the SVP, Payment Operations & Risk Manager. 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

+ The Senior Settlement & Reconciliation Analyst will be responsible for ensuring accurate and timely reconciliation of financial transactions, with a focus on settlement processes across various payment channels.

+ Leverage strong analytical and organizational skills to identify and resolve discrepancies in settlement data, including sponsorship, origination, issuing income, and merchant activity.

+ Collaborate with internal teams and external partners to validate billing terms and ensure vendor invoices align with contractual expectations and settlement records.

+ Perform detailed variance analysis on settlement flows to identify root causes of mismatches and recommend corrective actions.

+ Manage daily, monthly, and quarterly reconciliations of bank statements, chargeback activity, ACH returns, and other settlement-related accounts.

+ • Monitor and record settlement-related journal entries to ensure accurate reflection of transactional activity in the general ledger.

+ Track and analyze interchange fees, network processing charges, and other settlement-related income streams to ensure completeness and accuracy.

+ Investigate anomalies in settlement data, propose solutions, and contribute to continuous improvement of reconciliation processes.

+ Maintain standardized procedures for handling aged bank reconciliations, dispute claims, chargebacks, and refunds to ensure compliance and operational efficiency.

+ Follow GAAP standards to ensure accurate revenue and expense recognition of interchange fees, chargeback fees, etc. as well as appropriate daily asset and liability positions for settlements.

+ Collaborate with team members to manage daily processes and identify opportunities for process and operational efficiencies.

+ 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

+ Bachelor’s degree preferred.

+ 3-5+ years of experience in merchant processing, banking, and finance industry.

+ Knowledge of merchant services, payments processing, or fintech industry trends and regulations.

+ Possess basic knowledge of accounting principles, concepts and terminology

+ Proficiency with Microsoft Office applications including intermediate Excel applications.

+ Experience with financial reporting and analysis.

+ Understanding of Card Brand rules and regulations.

+ Understanding various and complex verticals and associated risk.

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.