Job summary
Job post source
This job is directly from Banc of California
Job overview
The Senior Loan Administrator at Banc of California manages loan transactions from application to funding, ensuring compliance and accuracy in loan processing to support the bank's lending operations.
Responsibilities and impact
The role involves reviewing loan files, managing due diligence, coordinating with clients and internal teams, handling complex loans, validating insurance and collateral, preparing closing documents, and ensuring regulatory compliance throughout the loan closing process.
Compensation and benefits
The position offers a salary range of $70,000 to $100,000 annually, with benefits including 401k with company match, comprehensive health insurance, family support programs, paid time off, and career development resources.
Experience and skills
Candidates need 3-5 years of commercial loan administration experience, proficiency in loan documentation and closing, knowledge of various loan types, and strong organizational and communication skills; a bachelor's degree or equivalent experience is required, and familiarity with IBS or similar loan systems is preferred.
Career development
Banc of California supports career growth through tuition reimbursement, mentorship programs, leadership development, and access to LinkedIn Learning.
Work environment and culture
The company fosters a culture of empowerment, entrepreneurial spirit, and inclusivity, emphasizing operational excellence and superior analytics in a supportive environment.
Company information
Banc of California is a relationship-based business bank headquartered in Los Angeles, serving small to middle-market and venture-backed businesses with a range of financial products and community support initiatives.
Job location and travel
The bank has branches throughout California and Denver, Colorado, indicating the job location is likely in these areas.
Unique job features
The role involves specialized knowledge in loan boarding, handling complex and syndicated loans, and cross-training junior administrators, emphasizing independent decision-making and regulatory compliance.
Company overview
Banc of California is a financial institution that provides a range of banking services, including personal and business banking, commercial lending, and treasury management. They generate revenue primarily through interest income from loans and investments, as well as fees from various banking services. Founded in 1941, the bank has a rich history of serving the diverse communities of California and has grown significantly through strategic acquisitions and expansions. Their commitment to community development and customer service is a cornerstone of their operations.
How to land this job
Tailor your resume to emphasize your expertise in commercial loan administration, including loan documentation preparation, closing, and funding, highlighting your ability to manage complex loans and ensure regulatory compliance.
Focus on showcasing your knowledge of loan products such as Real Estate, Construction, Commercial & Industrial, and Syndicated Lending, as well as your proficiency with due diligence, legal documentation, and insurance coordination.
Apply through multiple platforms, including Banc of California's corporate careers site and LinkedIn, to maximize your chances of being noticed for the Senior Loan Administrator role.
Connect with current employees in Banc of California's loan administration or commercial lending divisions on LinkedIn; initiate conversations by referencing recent bank initiatives, asking about team culture, or inquiring how they approach compliance and loan closing challenges.
Optimize your resume for ATS by incorporating keywords from the job description like 'loan administration,' 'compliance,' 'loan closing,' 'due diligence,' 'Syndicated Lending,' and 'regulatory requirements' to ensure it passes automated screenings.
Leverage Jennie Johnson's Power Apply feature to automate tailored applications across multiple job boards and identify LinkedIn contacts for networking, freeing up your time to prepare for interviews and deepen your industry knowledge.
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