Commercial Loan Administrator II- Post Closing

Bank of America • Charlotte, NC

3d

About The Position

This position manages collateralized debt obligations and issue tracker reports to perfect, monitor, and release the bank’s collateral. It maintains control of collateral through accurate booking in the system of record and supports collateral administration functions, including collateral and asset updates, loan document preparation, booking and tracking activities, legal documentation review, and exception management.

The role involves setting up and standardizing collateral files; preparing and reviewing tickler and exception-tracking data; reviewing insurance adequacy; monitoring evidence of insurance; and maintaining or releasing lien positions. The administrator partners with client teams, Relationship Administrators, business units, and interdisciplinary teams to support accurate, timely, and efficient loan processing. The work is performed in a paperless environment and must comply with bank and federal guidelines.

The position is part of Global Credit Operations, which supports the fulfillment, servicing, and protection of credit offerings for business banking, GWIM, commercial and corporate clients, and leasing and trade products.

Requirements

• At least 1 year of real estate administrative experience.
• At least 1 year of loan documentation review experience.
• At least 1 year of legal documentation review experience.
• High school diploma, GED, secondary school credential, or equivalent.
• Attention to detail.
• Customer and client focus.
• Knowledge of legal structures and legal forms.
• Prioritization skills.
• Business acumen and critical-thinking skills.
• Data collection and entry skills.
• Oral and written communication skills.
• Quality assurance skills.
• Ability to record and organize information.
• Risk management skills.
• Ability to review loan, legal, and collateral documentation to identify exceptions and deficiencies.
• Strong attention to detail focused on data accuracy and documentation quality.
• Ability to manage collateral updates, document tracking, and system-of-record maintenance.
• Strong partnership and communication skills to collaborate with client teams and business partners.

Nice To Haves

• LIQ experience is highly desired.
• Knowledge of collateral and loan administration processes.

Responsibilities

• Maintain data accuracy and complete collateral processes in a timely manner.
• Receive incoming loan files and review them for compliance with bank and federal guidelines.
• Maintain relationships with Relationship Administrators to support efficient, high-quality loan processing.
• Provide technical advice and guidance to business units and interdisciplinary teams on projects.
• Maintain systems of record for continued monitoring of collateral and insurance.
• Manage collateral updates, asset updates, loan document preparation, booking and tracking activities, legal documentation review, and exception management.
• Set up and standardize collateral files; prepare and review tickler and exception-tracking data.
• Review insurance adequacy, monitor evidence of insurance, and maintain or release lien positions for collateral.
• Work in a paperless environment and adhere to compliance guidelines.
• Promote collaboration, communicate effectively, adapt quickly, and hold self and others accountable for high performance standards.

Benefits

• Affordable, competitive, and flexible benefits supporting teammates’ physical, emotional, and financial wellness.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED