VP, ABL Document Manager

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Company: Banc of California

Location: Chicago, IL 60629

Description:

BANC OF CALIFORNIA AND YOUR CAREER

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, with full-service branches throughout California and Denver, Colorado, 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.

At Banc of California, our success is driven by our people, and we take pride in fostering an environment where everyone can reach their full potential. We embrace a culture of empowerment, progressive thinking, and entrepreneurial spirit, ensuring our team members have an opportunity to make an impact and play an important role in the future of Banc of California. Our core values - Entrepreneurialism, Operational Excellence, and Superior Analytics - empower us in creating a dynamic and inclusive workplace. We are committed to supporting your growth and well-being with comprehensive benefits, career development programs, a variety of employee resource groups, and more. TOGETHER WE WIN

THE OPPORTUNITY

Reporting to the Managing Director, Portfolio Management, Corporate Asset & Aviation Finance, the incumbent is responsible for overseeing loan and lease documentation workflow processes for both new and existing business. This includes negotiating legal documentation, facilitating closing of newly funded loans and leases, servicing all documentation related changes to loans and leases post-closing through maturity, and coordinating with inside and outside counsel as needed to ensure appropriate documentation and regulatory compliance for the equipment finance and leasing portfolio. This position acts as a liaison between Originations, Legal, Credit Administration, Portfolio Management, and Accounting departments and 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

  • Maintain a proper risk and control environment for the equipment finance and leasing business unit, adhering to all bank policy, compliance, audit, legal, and regulatory requirements.
  • Understand credit policy and loan approval requirements.
  • Manage the timely preparation of all new and existing loan/lease documentation and modifications.
  • Manage, influence, and leverage all resources needed to ensure a seamless closing process and subsequent client rapport.
  • Opportunity to lead and develop others responsible for understanding and preparing or modifying client loan/lease documentation as the business unit grows.
  • Effectively collaborate with internal and external legal counsel.
  • Partner with cross-functional teams to review, prepare, and maintain legal and credit files, ensuring all follow up items are obtained and compliance audit ready.
  • Perform or manage special projects and other duties as assigned.
  • Opportunity to manage, support, and train staff as the business unit grows.
  • Treat people with respect; keep commitments; inspire the trust of others; work ethically and with integrity; uphold organizational values; accept responsibility for own actions.
  • 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.
  • Follows policies and procedures; completes tasks correctly and on time; supports the company's goals and values.
  • 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.


WHAT YOU'LL BRING

  • Acute attention to detail with ability to analyze, raise questions, and seek timely resolution
  • Ability to build effective relationships and influence across various platforms and teams
  • Strong time-management skills - organize, prioritize, and multi-task in a high-pressure environment
  • Excellent interpersonal, written, and verbal communication skills
  • Proven ability to collaborate and contribute in a diverse, cross-functional team environment
  • Proficient knowledge of commercial equipment loan and lease document provisions and compliance requirements
  • Proficient knowledge of capital equipment types and related documentation for ownership, lien perfection, insurance, and regulatory requirements
  • Comprehensive understanding of the Uniform Commercial Code's filing requirements and deadlines
  • Strong working knowledge of Microsoft Office
  • Review and be knowledgeable of departmental and human resource's policies & procedures
  • Required:
    • 12+ years of ABL documentation experience with strong knowledge of equipment financing and leasing
    • Bachelor's Degree or equivalent business/banking experience
  • Preferred:
    • 3-5 years of management experience


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 offeradoption, 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 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. If you require reasonable accommodation as part of the application process, please contact Talent Acquisition.

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