AVP, Construction Disbursement Administrator

About the Company

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. As one of the nation’s premier relationship-based business banks, it provides banking and treasury management services to small, middle market, and venture-backed businesses. The bank offers a broad range of loan and deposit products through a network of full-service branches, regional offices, digital capabilities, and nationwide payment processing solutions. It serves the Community Association Management industry through its SmartStreet™ platform and supports local communities via the Banc of California Charitable Foundation.

Banc of California fosters an environment of entrepreneurial thinking, accountability, and operational excellence, empowering team members to make informed decisions and meaningful impacts.

About the Role

Work directly and independently with construction contractors, project managers, third-party inspection firms, fund control companies, title insurers, borrowers, accountants, lenders, and clients from loan approval through final funding. Manage the processing of lender-approved commercial real estate construction draws and documentation in accordance with internal and regulatory requirements. Serve as a resource for construction industry practices and legal requirements, ensuring thorough understanding of construction contracts and budgets.

Responsibilities

• Establish the final Master Funding Ledger for assigned loans at loan closing, including all funding sources and uses using construction budgets and loan closing statements.
• Verify and allocate project equity for hard and soft costs.
• Audit the Loan Disbursement File and Master Disbursement Funding Ledger at loan closing to ensure accuracy.
• Confirm all equity payments and verifications on assigned loans.
• Ensure project budgets are accurately set up through approved fund control companies.
• Participate in initial post-closing meetings with REIG lending/disbursement teams and borrowers’ project teams, with follow-up meetings as necessary.
• Verify and balance all budget categories and funding sources initially and with each funding request.
• Coordinate fund control requests and project inspections.
• Prepare and monitor funding reports for management.
• Complete funding packages, submit for approval, disburse draws, and notify recipients of funds.
• Document line item transfers and increase transfers, ensuring cost breakdowns remain balanced and changes are approved by the Loan Officer.
• Update the Master Funding Ledger regularly to reflect construction progress and remaining available funds.
• Manage mechanic’s lien detection and resolution by interfacing with borrowers, title officers, and lenders.
• Order and review applicable title endorsements, including foundation and incremental increased coverage endorsements, and obtain rewrite title policies as needed.
• Establish and maintain paper and electronic files for assigned construction projects in accordance with REIG and Bank policies.
• Periodically review/audit REIG construction files to ensure audit readiness.
• Process partial demands and reconveyances for REIG subdivision projects.
• Monitor and clear ticklers and exceptions with other REIG team members.
• Follow up for timely receipt and completion of all information.
• Complete special projects and error-free accounting work as assigned.
• Ensure proper handling of requests, coordination of lien releases, and compliance with Bank construction funding procedures.
• Review construction contracts and budgets for coherence and compliance with Bank requirements.
• Approve final payments and audit construction files for sign-off before returning to regular loan files.
• Confirm appropriate title endorsements are ordered, obtained, and managed in files.
• Review filing and management of Preliminary Notices received on assigned files.
• Audit monthly interest payments due on assigned files.
• Review mechanics liens and/or contractor disputes and provide recommended actions to loan officers and management.
• Follow all established policies and procedures.
• Perform other duties and projects as assigned.

Requirements

• 7-10 years of construction disbursement processing experience or equivalent.
• Bachelor’s degree or equivalent work experience.
• Knowledge of IBS (loan servicing/accounting systems).
• Strong familiarity with real estate loan servicing and accounting systems.
• Proficiency in complex Excel spreadsheets, Word, and Outlook.
• Ability to create reports and audit disbursements efficiently using the Bank’s accounting and loan systems.
• Basic knowledge of real estate, escrow, title, UCC, and lender due-diligence processes.
• Strong knowledge of the construction process and typical disbursement requirements.
• Ability to manage multiple tasks/projects and deadlines simultaneously.
• Strong analytical skills and attention to detail.
• Self-starter with a high school diploma or equivalent required.

Benefits

• Financial Security: Eligible to participate in the company’s 401k plan with a company match and immediate vesting.
• Health & Well-Being: 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: Adoption, surrogacy, and fertility assistance; paid parental leave; and family support solutions including care options.
• Paid Time Away: Paid vacation days, holidays, and volunteer time off.
• Career Growth Opportunities: Tuition reimbursement, annual mentorship program, leadership development resources, and access to LinkedIn Learning.

Pay

The base salary offered is determined through a review of education, industry experience, training, knowledge, skills, and abilities of the applicant, aligned with market data and other factors.