Loan Document Specialist at Banc of California in Los Angeles, California

Job Description:

Banc of California, Inc. (NYSE: BANC) is
a bank holding company with approximately $8 billion in assets and one
wholly-owned banking subsidiary, Banc of California, N.A. (the “Bank”). With
our 600+ dedicated professionals, we provide customized and innovative banking
and lending solutions to businesses, entrepreneurs and individuals throughout
California. We proudly partner with community organizations that provide
financial literacy, job training, small business support, and affordable
housing to help improve the communities where we live and work. With a
commitment to service and building enduring relationships, we provide a higher
standard of banking.

JOB
SUMMARY:

Responsible
for preparing document packages for uncomplicated to moderately complex loans
and trade products.  Ensures that the
documents requested comply with bank policy and that the document request
packages and/or executed document packages are complete to minimize the risk of
loss to the bank. Ensures the timely disposition and control of legal
documentation, collateral and documentation records in a manner that complies
with bank policy and minimizes the risk of loss to the bank.  Maintains the integrity of all information
related to the documentation process for privacy, reporting and audit purposes.
Performs all duties in accordance with the company’s policies and procedures,
all US state and federal laws and regulations, wherein the company operates.

ESSENTIAL
DUTIES AND RESPONSIBILITIES:

1. Reviews
   loan document requests for completeness and accuracy to prevent costly
   revisions and negative customer impact.


2. Assures
   that the correct types of documents are prepared for the type of loan approved
   and that the approval level complies with the credit authority matrix.


3. Verifies
   that the borrower/guarantor entity documents match the approved credit risk
   documents to ensure that the legally binding loan documents are addressed to
   the proper borrower/guarantor.


4. Verifies
   that the loan terms and conditions are properly captured in the documents to
   clearly communicate the customer’s obligation to the bank.


5. Reviews
   the collateral, as appropriate for the loan type.


6. Verifies
   that third party fees are accurately described to ensure costs are recouped by
   the bank.


7. Ensures
   that all regulatory requirements are met.


8. Obtains
   and follows-up on necessary supporting information.


9. Prepares
   uncomplicated to moderately complex loan documents.


10. Reviews completed loan
    documents for spelling and grammatical accuracy.


11. Maintains updated
    information in all necessary tracking systems to ensure that accurate statuses
    are communicated to internal parties and that all pending items are resolved in
    a timely manner.


12. Ensures the timely
    completion of all loan documentation requests.


13. Processes funding
    requests within the established timeframe.


14. Prepares the legal file
    and resolves any discrepancies before submitting for boarding to prevent any
    delays in setting up the customer’s loan in the loan accounting system.


15. Ensures collateral is
    perfected in accordance with the credit approval.


16. Assists internal and
    external auditors as necessary.


17. Treats people with
    respect; keeps commitments; inspires the trust of others; works ethically and
    with integrity; upholds organizational values; accepts responsibility for own
    actions.


18. Follows
    policies and procedures; completes tasks correctly and on time; supports the
    company’s goals and values.


19. 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.


20. 
    Perform
    other duties and projects as assigned. 

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.

ESSENTIAL
KNOWLEDGE, SKILLS, AND ABILITIES

• 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; mainframe computer
  system; word processing, spreadsheet and specialty software programs.


• 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
  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 make informal presentations, inside the
  organization; speaking before assigned team


• Ability to deal with difficult problems involving
  multiple facets and variables in non-standardized situations.


• Effective organizational and time management skills.


• Ability to work with general supervision while performing
  duties.

EDUCATION,
EXPERIENCE AND/OR LICENSES:

• High School Diploma and a minimum of 3 years’ 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 preferred.