Senior Operations Specialist at Banc of California

Santa Ana, California, United States -

Full Time

Start Date

Immediate

Expiry Date

07 Aug, 26

Salary

74000.0

Posted On

09 May, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Wire Processing, Reconciliation, Month End Closing, Warehouse Lending, Financial Reporting, Loan Processing, Internal Controls, Regulatory Compliance, Financial Statement Review, Client Onboarding, Audit Support, Decision Making

Industry

Banking

Description

BANC OF CALIFORNIA AND YOUR CAREER 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. Banc of California is one of the nation’s premier relationship-based business banks, providing banking and treasury management services to small, middle market, and venture backed businesses. As the largest independent bank headquartered in California, the bank offers a broad range of loan and deposit products and services through a network of full-service branches and regional offices, as well as through digital and nationwide capabilities. The bank also provides full-service payment processing solutions to its clients and serves the Community Association Management industry nationwide through its technology forward platform, SmartStreet™. Banc of California is committed to supporting its local communities through the Banc of California Charitable Foundation and by partnering with organizations that promote financial literacy, job training, small business support, affordable housing, and more. At Banc of California, our success is powered by our people and a shared commitment to delivering meaningful results. We foster an environment where entrepreneurial thinking is encouraged, and accountability and operational excellence are expected. Our team members are empowered to take ownership, make informed decisions, and make a meaningful impact as the bank continues to grow and evolve. We are dedicated to supporting your growth and wellbeing through comprehensive benefits, robust development opportunities, and inclusive programs that enable you to perform at your best. Together we win! THE OPPORTUNITY Responsible for performing a variety of routine daily tasks, such as processing client wire requests, identifying incoming wires and reconciling daily outgoing and incoming wires for Warehouse Lending Division (WLD). Responsible for month end closing and reporting. It is required that you have a thorough knowledge of the Company’s policies and procedures. Ensures daily transactions are processed smoothly at Warehouse Lending level. Helps to ensure internal controls, policies, and mechanisms comply with standard industry practices, regulatory guidelines, and senior management’s recommendations and/or directions. 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 * Process complex settlement transactions including applying monthly interest roll schedules and bulk trade settlements. Oversee the daily incoming wires reconciliations and resolve discrepancies. * Responsible for closing month end transactions; running interest accrual and saving/reviewing month end reports for Management and Accounting Department. * Process internal transfer transactions between client accounts at Banc of California and WLD GL account. * Review and verify loan funding wire requests between GFX wire system and SRG warehouse loan system. Reconcile daily outgoing wires. Research and solve any wire discrepancies. * Prepare quarterly financial seller certificates and assist in reviewing mid-size client financial statements. * Boarding new client profiles in SRG warehouse loan system and maintain the profiles when terms change. * Assist on other tasks assigned by SVP, Director of Operations with including but not limited to; internal and external audit requests, assisting with collateral receipt and shipping as needed. * Consistently apply decision making techniques pertaining to inquiries, approvals and requests as they apply to existing policies and procedures, keeping within assigned approval limit. * Support audit projects such as research wire transfer supporting documentation. * Follow all established policies and procedures. * Perform other duties and projects as assigned. WHAT YOU’LL BRING * Bachelor’s Degree in Finance or Accounting Preferred or relevant work experience. * 3 - 5 years related experience and/or training. Work related experience should consist of a credit or loan processing background. Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related. * Banking experience preferred but not required. * 2+ years mortgage experience required. * High School diploma or equivalent required 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 offer adoption, 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 their actual or perceived race (including traits associated with race, such as hair texture, hair type or protective hairstyles), religion or religious creed (including religious dress and grooming practices), color, sex (including pregnancy, childbirth, breastfeeding and related medical conditions), sexual orientation, gender, gender identity, gender expression, gender transitioning, citizenship status, national origin, ancestry, age, marital status, military or veteran status, medical condition, genetic information, or disability (mental or physical), requests for accommodation and any additional protected categories set forth in applicable federal, state or local laws. If you require reasonable accommodation as part of the application process, please contact Talent Acquisition.

Responsibilities

The role is responsible for processing client wire requests, reconciling daily transactions, and managing month-end closing for the Warehouse Lending Division. It also involves maintaining client profiles and ensuring compliance with internal controls and regulatory guidelines.