Senior Loan Administrator - Complex Commercial Closings

Banc of California, Inc.; San Luis Obispo (CA); On-site; USD 70,000 - 98,000; Full time

Job summary

Banc of California, Inc. is seeking a Senior Loan Administrator to oversee independent decision-making, review loan transactions from application through funding, and support all parties through closing.

The role requires thorough due diligence, documentation review, and compliance with bank policies and regulations. You'll collaborate with Relationship Managers, handle complex loans including syndications, manage open items, order and verify flood, title, and collateral reports, and ensure

Qualifications

• Minimum of three to five years of commercial loan administration and financial services experience including loan documentation preparation, loan closing and funding.
• Proficient understanding of all documents required for all borrowing entities and ability to assess if the legal documents drawn cover all necessary terms and conditions.
• Knowledge of Real Estate, Construction, Commercial & Industrial, Entertainment, Specialty Lending, Asset Based Lending, and Syndicated Lending loans.
• Familiar with IBS loan system.
• Knowledgeable in all branch functions associated with origination, processing and closing.
• Assures compliance with all Bank policies and procedures, as well as, all applicable state and federal banking regulations.
• Ability to exercise discretion and independent judgement that has moderate impact on the immediate work unit and cross functional departments.
• Ability to make a conclusive recommendation based on independent analysis.
• Proficient knowledge of title policies and related loan regulations such as RESPA, HMDA and other Bank lending policies.
• Intermediate knowledge of commercial insurance terminology, forms, and bank requirements.

Responsibilities

• Review loan file/loan package for complete documentation and due diligence.
• Coordinate with Relationship Managers to ensure timely closing of loans.
• Handle complex loans including syndications and outside documentation.
• Perform pre-funding validation of internal SOX controls for loan origination funding.
• Identify open items and work with parties to collect necessary items.
• Coordinate insurance needs with customer and brokers to ensure timely receipt.
• Order flood certification and review NFIP-compliant flood requirements.
• Order and review title reports and collateral reports as needed.
• Open escrow and title, schedule closings, ensure escrow settlement accuracy prior to funding.
• Review entity structures and obtain required documents (e.g., Good Standing, COI).
• Prepare lenders instruction letters when escrow is involved.
• Complete loan closing and funding package and balance sheet/wire/final checklist.
• Assist in perfection of collateral and filing of UCC1.
• Post-closing follow up and document retention in repository.
• Monitor loan pipeline and update nCino workflow reports.
• Maintain professional client relationships and provide backup for the team.

Skills

Commercial loan administration

Loan documentation preparation

Loan closing and funding

Independent judgement

Attention to detail

Communication skills

Education

Bachelor’s degree

High School diploma or equivalent

Tools

IBS loan system

Job description

Banc of California, Inc. is seeking a Senior Loan Administrator to oversee independent decision-making, review loan transactions from application through funding, and support all parties through closing.

The role requires thorough due diligence, documentation review, and compliance with bank policies and regulations. You'll collaborate with Relationship Managers, handle complex loans including syndications, manage open items, order and verify flood, title, and collateral reports, and ensure