Loan Coordinator- - Los Angeles, United States - Banc of California

Banc of California

Verified Company

Los Angeles, United States

1 week ago

Posted by:

Mark Lane

beBee recruiter

Description

Overview:
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 through more than 70 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, 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.

Job Summary

Responsible for assisting with the post-closing tasks in partnership with the relationship managers once the credit team ensures data integrity.

Assists with monitoring assigned credit portfolio for covenant compliance, collateral monitoring, and credit deterioration in the tickler management system, as applicable.

Coordinate the annual reviews of loans and identify any risk rating changes.

Participates in determining the credit worthiness of the borrower and provides recommendations on credit decisions to credit administration remaining cognizant of the risk implications, audit controls and requisite documentation.

Keeps apprised of industry related, political and regulatory issues to determine their impact on specific industries or clients. 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.

Responsibilities:

Coordinates with the underwriting team to understand new credits and/or changes to existing credits and determines appropriate loan covenants to provide early triggers to detect deterioration of the credit.
Inputs and proactively monitors assigned credit portfolio by using CASH for monitoring of ticklers and covenants, as applicable.
Reviews and inputs as needed appropriate loan codes to insure proper reporting and CECL data collection.
Partners with relationship managers and credit analysts to obtain information needed to perform annual reviews, and/or monitor covenant compliance.
Assists with the analysis of appraisal and environmental reports for annual reviews.
Assists with problem loan identification and elevation of possible risk rating changes to the underwriting team.
Plays key role in working with underwriting teams to ensure audit and exam readiness.
Works with other underwriting team members to ensure compliance with all applicable regulations, policies and procedures. Keeps abreast of changes to banking regulation and completes bank training courses online.
Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
Follows policies and procedures; completes tasks correctly and on time; supports the company's goals and values.
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.
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.

Qualifications:

Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act), Fair Housing Act (FHA), Home Mortgage Disclosure Act (HMDA), Real Estate Settlement Procedures Act (RESPA), Fair Credit Reporting Act (FCRA), Bank Secrecy Act (BSA) in conjunction with the USA PATRIOT Act, Anti-Money Laundering (AML) and Customer Information Program (CIP), Right to Financial Privacy Act (RFPA, state and federal) and Community Reinvestment Act (CRA).
Working knowledge of the Bank's Loan Policies.
Understands moderately to complex loan documentation and collateral perfection.
Effective organizational and time management skills.
Solid understanding of lending, specifically, cash flow and collateral analysis and loan structuring.
Strong oral, written and interpersonal communication skills. Analytical writing skills a must.
Ability to m