Credit Services Consultant

Bank of America•Plano, TX

2d•Onsite

About The Position

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 a highly-complex client portfolio. Key responsibilities include collateral monitoring and cash movement. Job expectations include complex collateral and transactional posting with client, regulatory, and reputation risk and providing resolution or escalates servicing questions, leveraging resources across functional areas to ensure an integrated approach to loan servicing. Additional responsibilities include participating in key assignments, offers subject matter expertise and provides leadership to less-experienced employees. This role is on the Global Credit Operation Asset Based Lending team.

Requirements

Analytical Thinking
Attention to Detail
Decision Making
Strategic Thinking
Adaptability
Issue Management
Oral Communications
Recording/Organizing Information
Collaboration
Legal Structures and Legal Forms
Prioritization
Written Communications
2-4 years of experience in Credit Operations
Ability to effectively work under pressure and continue to evaluate priorities in a changing environment
Strong problem solving and organizational skills including ability to multi-task and exhibit flexibility
Excellent attention to detail
Ability to work independently and as a strong team player

Nice To Haves

Asset Based Lending or Commercial Credit fulfillment, service, operations experience
Ability to prioritize workload, manage to compressed timelines and under pressure
Experience in Quality Assurance operations role
Familiarity with data elements found in legal documentation, credit approvals, multi-currency components, borrowing base certificates, tranche, fee and pricing updates

Responsibilities

Posts collateral information to system of record
Balances collateral between system of record and borrowing base
Monitors daily cash movement to and from client loan accounts
Sets up fixed-rate client loan requests
Handles a highly complex portfolio of clients including direct, agented and bought participation with both domestic and complex multi-currency components
Provides coaching and direction to less-experienced employees
Quality Assurance (QA) Asset Based Lending Credit Operations team QA data elements for booking of facility closings to system of record (new fundings, restructures, amendments for highly complex clients including direct, agented and bought participation with both domestic and multi currency components)
Review of legal documentation and credit approvals
QA data elements for ongoing maintenance of facility and manual money movement in systems of record
QA review of borrowing base certificate, ineligible, tranche, fee and pricing updates
Track and follow up on errors and issues discovered by QA review process
Partner with fulfillment and service teams as well as operational risk leads