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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 primary function of the position of Participation / Syndication Commercial Loan Closer is to shepherd an approved loan through the closing process and fund the facility as per the terms outlined in the original approval document. The position requires strong organizational and communication skills as the person must interact with internal clients (Lenders, Client Mangers, etc.) as well as external clients, such as attorneys, insurance agents, and deal directly with the client as applicable. 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

+ Provide operational support across all Lines of Business in the execution and closing of complex syndicated loan transactions, including new originations, refinancings and amendments, while independently managing a portfolio of active deals for both Agent Lead and Syndicated Member deals

+ Gather, review, and assess legal documentation to ensure operational feasibility, streamline execution logistics, and mitigate risk exposures; serve as a key point of contact for best practice execution, control oversight and issue escalation

+ Coordinate pre-closing activities by working closely with internal partners (such as Credit, Operations, Legal, etc.) to clear conditions prior to closing

+ Management multiple priorities effectively, delivering high-quality results under tight deadlines in a dynamic, high-pressure environment

+ Review the approval document for completeness, organize and spearhead the loan closing, including initial funding and post close exceptions.

+ Respond to Borrower, Lender, and Arranger inquiries related to closings and post-closing activities; organize and participate in internal calls to ensure all closing activities; organize and participate in internal calls to ensure all closing requirements are addressed and escalate any unresolved matters as need.

+ Book all new commercial closed loans in the FIS – Commercial Loan Servicing (FKA ACBS). Add new Agent/Borrower information, loan data, billing schedule, collateral information, loan fees, prepayment penalties, and set-up automatic loan payments

+ Facilitate pay-offs of other banks /financial institutions.

+ Continuously identify opportunities to streamline workflows and improve operational efficiency to continuously improve processes and make recommendations to meet team goals and objectives.

+ Monitor and assure compliance with Federal and State Laws and regulations (including, but not limited to, the Bank Secrecy Act and Anti-Money Laundering laws, as well as policies and procedures) re: bank operation.

+ Provide assistance to management on special projects

+ Demonstrates behaviors which are aligned with the organization’s desired culture and values.

+ 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 and/or relevant work experience or training

+ Required

+ 3+ years’ experience

+ Proficiency with PC’s, Outlook, Word and Excel

+ Thorough knowledge of Participation / Syndication Loan Documents

+ Skilled in interpreting and navigating complex legal loan documentation, funding mechanics, and cash flow structures.

+ Familiarity with corporate entity documentation

+ Independent thinking – be able to resolve/communicate issues with little supervision

+ Advanced customer service skills

+ Strong organizational skills, ability to meet deadlines, and work under pressure

+ Excellent communication skills with the ability to work across all levels within the organization

+ Ability to handle stress and prioritize multiple tasks while meeting time-sensitive deadlines

+ Discretion and judgment to identify when to escalate issues to the appropriate levels within the organization

+ Ability to work in a team environment to ensure the common goals for the team are achieved

+ Ability to identify issues and collaborate with other departments, Agent banks and Syndicate members

+ Meet job expectations regarding attendance and punctuality, as determined by manager

+ Preferred

+ 3+ years of hands-on experience supporting loan operations. Experience in participation / syndication loan documentation, participation / syndication loan closing, participation / syndication loan administration and reconciliation.

+ Knowledge of FIS – Commercial Loan Servicing (FKA ACBS) - loan servicing system

+ Knowledge of Salesforce – nCino - loan origination system

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.