Sr 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, and digital capabilities. It also provides full-service payment processing solutions and serves the Community Association Management industry nationwide through its SmartStreet™ platform. Banc of California is committed to supporting local communities through the Banc of California Charitable Foundation and partnerships promoting financial literacy, job training, small business support, and affordable housing.

At Banc of California, success is driven by a shared commitment to delivering meaningful results in an environment that encourages entrepreneurial thinking, accountability, and operational excellence. Team members are empowered to take ownership, make informed decisions, and contribute to the bank’s growth.

About the Role

Work directly and independently with construction contractors, project managers, third-party inspection firms, fund control companies, title insurers, borrowers, accountants, and lenders to provide accurate and responsive funding for highly complex construction loans through all stages. Serve as a resource for construction industry practices and legal requirements, with the ability to thoroughly understand construction-related contracts and budgets. Perform all duties in accordance with company policies, procedures, and applicable U.S. state and federal laws and regulations.

Responsibilities

• At loan closing, establish the final Master Funding Ledger in conjunction with the REIG lender, including all funding sources and uses utilizing construction budgets and loan closing statements.
• Verify and allocate project equity for hard and soft costs.
• Review and approve the initial Master Funding Ledger prepared by REIG disbursement team members.
• Ensure project budgets are accurately set up through approved fund control companies.
• Facilitate initial post-closing meetings with the REIG lending/disbursement team and the borrower’s project team, 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.
• Accurately complete funding packages, submit for approval, disburse draws using the appropriate funding source, and notify recipients of funds.
• Approve funding packages prepared by REIG disbursement team members as required.
• Ensure line-item transfers and increase transfers are adequately documented, the cost breakdown remains balanced, and all changes are submitted to the Loan Officer for approval.
• Update the Master Funding Ledger regularly to reflect accurate construction progress and the status of remaining available funds.
• Manage mechanic’s lien detection and resolution by interfacing with the borrower, title officer, and lender.
• Order and review all applicable 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 and audit REIG construction files to ensure audit readiness.
• Process partial demands and re-conveyances for REIG subdivision projects.
• Work with other REIG team members to monitor and clear ticklers and exceptions.
• Complete monthly certifications as assigned and follow up for timely receipt and completion of all information.
• Handle special projects as assigned.
• Complete error-free accounting work while following all established policies and procedures.
• Perform other duties and projects as assigned.

Requirements

• 3 to 5 years of Construction Disbursement and Commercial Lending experience is required.
• SBA 7(a) experience is preferred.
• College degree or equivalent experience is preferred.
• Proficiency in Microsoft Word, Outlook, and Excel, with the ability to create reports.
• Strong knowledge of escrow, title, UCC, and lender due-diligence/verification processes.
• Strong knowledge of commercial loan processing, documentation, closing procedures, underwriting requirements, and terminology.
• Strong knowledge of the construction process and typical disbursement requirements.
• Ability to manage multiple tasks, projects, and deadlines simultaneously.
• Strong analytical skills.
• Self-starter with a detail-oriented approach.
• 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, in alignment with market data and other factors.