Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
 

Job Description:
This job is responsible for managing collateralized debt obligations and issue tracker reports to perfect the bank's collateral. Key responsibilities include maintaining control of the bank's collateral through accurate booking on the system of record, setting up and standardizing collateral files, and preparing and reviewing tickler and exception tracking data.

Responsibilities:

• Perfects the bank’s system of record through accurate set-up and maintenance of billing schedules, pricing options, and all other client records and indicative data
• Performs administrative duties related to setting up new and/or modifying existing loans, maintains bookings on the systems of record, and identifies and enters data to provide data to modelers for loss risk forecasting
• Manages the daily collateralized debt obligation suite and issue tracker reports to execute the daily loan closing process
• Maintains relationships with Relationship Administrators to ensure efficient and high quality loan processing

Skills:

• Attention to Detail
• Customer and Client Focus
• Legal Structures and Legal Forms
• Prioritization
• Business Acumen
• Critical Thinking
• Data Collection and Entry
• Oral Communications
• Written Communications
• Quality Assurance
• Recording/Organizing Information
• Risk Management

 

Line of Business Job Description:

Associates on the Centralized Exceptions team are responsible for ensuring the integrity of the credit and collateral files are received at the bank post close.

Team is required to collect, review, image and submit documentation required to clear exceptions in accordance with bank policies and procedures. Associates will be expected to learn the necessary systems, processes, and technology needed to review, collect, file bank documentation.

Responsibilities:

• Ensures that loan documentation and lien perfection meet bank policies and procedures.
• Supports documentation reviews, due diligence activities, collateral perfection.
• Reviews documents for accuracy and conducts necessary research to ensure documentation reflects the appropriate transactional information.
• Works closely with Client Managers, Credit and Portfolio Officers, agency management, internal and external legal counsel, and many internal operational support units to ensure seamless collections of documents.

Required Qualifications:

• 1+ years of financial industry experience
• knowledge of the loan closing process
• Ability to understand complex legal documents/contracts
• Strong verbal and written communication skills
• Excellent organizational, writing, and communication skills.
• Experience with Microsoft Office Products
• Ability to handle stressful situations and deadline pressures.
• Multi-task oriented - able to fluidly move between tasks.
• Detail oriented and be able to work independently, as well as in a team environment.

Desired Qualifications:

• Knowledge of Loan closing systems (CreditCenter, LoanIQ, GFS, etc.)

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

1st shift (United States of America)

Hours Per Week: 

40