Senior Loan Collateral Specialist

Banc of California•Carlsbad, CA

8h•$27 - $34

About The Position

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, amendments, and terminations. May also be responsible for managing workflow and actively participating in team projects and taking on cross-functional 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, including 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.

Requirements

Requires 4+ years of loan servicing experience, banking or relevant industry
Required advance research skills, strong organizational skills, attention to detail
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

Nice To Haves

Preferred knowledge of commercial loans and documentation

Responsibilities

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.

Benefits

401k plan which includes a company match and immediate vesting
medical, dental, vision, AD&D, supplemental life, long-term disability
pre-tax Health Savings Account with employer contributions
pre-tax Flexible Spending Account (FSA)
adoption, surrogacy, and fertility assistance
paid parental leave and family support solutions including care options for your family
paid vacation days, holidays, and volunteer time off
tuition reimbursement
an annual mentorship program
leadership development resources
access to LinkedIn Learning