Senior Loan Collateral Specialist

Banc of California; Carlsbad (CA); On-site; USD 70,000 - 100,000; Full time

Job summary

Banc of California is seeking a Collateral Specialist to oversee collateral processes for loans, including releases, amendments, and UCC filings. You will safeguard loan documentation, ensuring compliance and timely updates across the loan lifecycle.

The role requires 4+ years in loan servicing, strong research and data skills, and proficiency in Excel and Word. You will work within the Collateral Team on various projects in a fast-paced banking environment.

Qualifications

• 4+ years of loan servicing experience in banking or a related industry.
• Strong research and organizational skills with attention to detail.
• Experience with commercial loans and documentation preferred.
• Proficient in Microsoft Excel and Word.
• Ability to produce a high volume of work in a fast-paced environment.
• Excellent verbal and written communication and the ability to work independently.

Responsibilities

• Prepare collateral releases, amendments, and terminations with accuracy and compliance.
• Conduct second reviews of collateral releases, amendments, and terminations.
• Assist in managing workflow for the collateral team.
• Participate in cross-functional projects to support team objectives.
• Maintain and monitor original loan files for new, existing, and paid-off loans.
• Manage and file UCC filings (filing, amending, extending, terminating).
• Respond to subpoenas with appropriate documentation.

Skills

Advanced research

Organizational skills

Attention to detail

Excel

Word

Communication skills

Independent work

Education

High School diploma or equivalent

Tools

Microsoft Excel

Microsoft Word

Job description

BANC OF CALIFORNIA AND YOUR CAREER

Banc of California, Inc. (NYSE: BANC) is a bank holding company with over $34 billion in assets and the parent company of Banc of California. Banc of California is one of the nation’s premier relationship-based business banks, providing banking and treasury management services to small, middle market, and venture backed businesses. As the largest independent bank headquartered in California, the bank offers a broad range of loan and deposit products and services through a network of full-service branches and regional offices, as well as through digital and nationwide capabilities. The bank also provides full-service payment processing solutions to its clients and serves the Community Association Management industry nationwide through its technology forward platform, SmartStreet™. Banc of California is committed to supporting its local communities through the Banc of California Charitable Foundation and by partnering with organizations that promote financial literacy, job training, small business support, affordable housing, and more.

At Banc of California, our success is powered by our people and a shared commitment to delivering meaningful results. We foster an environment where entrepreneurial thinking is encouraged, and accountability and operational excellence are expected. Our team members are empowered to take ownership, make informed decisions, and make a meaningful impact as the bank continues to grow and evolve. We are dedicated to supporting your growth and wellbeing through comprehensive benefits, robust development opportunities, and inclusive programs that enable you to perform at your best. Together we win!

THE OPPORTUNITY

Responsible for ensuring the integrity and compliance of loan and collateral processes within the Collateral Team which includes conducting thorough second reviews of collateral releases, amendment and terminations. May also be responsible for managing workflow and actively participating in team projects and taking on crossfunctional roles to support broader team objectives. Responsible for managing and monitoring collateral associated with loans originated and serviced by the bank throughout their entire lifecycle, this role encompasses a range of duties. It involves safeguarding original loan documentation to maintain compliance and integrity, and ensuring that all collateral remains in good standing, particularly with regard to Uniform Commercial Code (UCC) requirements. The position also includes reporting any tax delinquencies tied to collateralized loans, identifying loans eligible for pledging from a collateral documentation perspective, and ensuring the timely and accurate release of collateral when appropriate. Additionally, the role requires handling and responding to subpoena requests as well as conducting general collateral research and addressing related inquiries. 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. 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

• Prepare collateral releases, amendment and terminations to ensure accuracy and compliance.
• Conduct second reviews of collateral releases, amendments, and terminations to ensure accuracy and
• compliance.
• Assist in managing workflow for the collateral team.
• Facilitate and actively participate in projects within the Collateral Team.
• Take on cross-functional responsibilities, either on a permanent or interim basis, to support broader team objectives.
• Maintain and monitor original loan files for new, existing, and paid off loans to ensure accuracy and compliance.
• Manage a portfolio of loans with UCC (Uniform Commercial Code) filings, including filing, amending, extending, and terminating filings as necessary.
• Run, review, and report on tax delinquency reports to identify and address outstanding tax issues promptly.
• Respond to subpoenas by gathering and providing appropriate backup documentation in a timely and confidential manner.
• Review and process paid off loans, ensuring all collateral releases and terminations are completed
• accurately and without delay.
• Review and certify cash collateral, stocks, and bonds for loans secured by cash or negotiable collateral.
• Ensure loan files are reviewed and coded appropriately and timely for pledging and audit purposes.
• Manage and archive paid off loan files according to company policy and retention requirements.
• Conduct various research related to loans and collateral as requested, supporting compliance and
• operational needs.
• Follow all established policies and procedures.
• Perform other duties and projects as assigned.

What You’ll Bring

• Requires 4+ years of loan servicing experience, banking or relevant industry
• Required advance research skills, strong organizational skills, attention to detail
• Preferred knowledge of commercial loans and documentation
• Proficient in Microsoft Excel and Word
• The ability to produce a large volume of work in a very fast paced environment
• Effective oral, written and interpersonal communication skills
• Ability to work independently with minimal supervision
• High School diploma or equivalent required

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 offer adoption, 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 their actual or perceived race (including traits associated with race, such as hair texture, hair type or protective hairstyles), religion or religious creed (including religious dress and grooming practices), color, sex (including pregnancy, childbirth, breastfeeding and related medical conditions), sexual orientation, gender, gender identity, gender expression, gender transitioning, citizenship status, national origin, ancestry, age, marital status, military or veteran status, medical condition, genetic information, or disability (mental or physical), requests for accommodation and any additional protected categories set forth in applicable federal, state or local laws. If you require reasonable accommodation as part of the application process, please contact Talent Acquisition.