Document Administrator II

Bank of America • Plano, TX

4d • Onsite

About The Position

Document Administrators lead the pre-closing and closing process for Corporate and Commercial lending units, including Syndicated, Participation-Bought and Direct Credit Facilities. Acting as the loan closer, the Document Administrator is responsible independently reviewing the loan approval and loan documents prepared by counsel to ensure consistency and adherence to requirements. Additionally, the loan closer manages the incoming and outgoing payments required from the Borrower and Lenders and books the new commitment, amendment, or restructure updates in the Loan IQ system of record. This role works closely with Client Manager, Credit and Portfolio Officers, Agency Management, Internal and External Legal Counsel and many internal operational support units to ensure seamless execution of transaction. Document Administrators demonstrate time schedule flexibility to accommodate deal closing requirements.

Requirements

• Bachelor’s degree or equivalent loan administration experience preferred
• 2+ years of experience in commercial lending, syndicated loan fulfillment or commercial lending operations.
• Can read, interpret, and analyze complex legal documentation including familiarity with commercial loan terminology
• Highly organized, proactive, and able to plan, prioritize and manage deliverables
• Strong written and verbal communication skills; able to target messaging to different audiences
• Effective problem-solving skills
• Proficient computer skills, including Windows, Excel, Word, and Outlook
• Can work independently while balancing early escalation to ensure seamless closing
• Adapts well to a quickly evolving environment

Nice To Haves

• Experience with commercial lending including Syndicated Loan environment
• Finance, accounting, or mathematical background
• Experience with LoanIQ
• Strives to bring new thoughts and ideas to teams to drive innovation and unique solutions
• Commitment to challenging the status quo and promoting positive change
• Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
• Believes in value of diversity so we can reflect, connect, and meet the diverse needs of our clients and employees around the world

Responsibilities

• Lead the pre-closing and closing process for Corporate and Commercial lending units, including Syndicated, Participation-Bought and Direct Credit Facilities.
• Act as the loan closer, independently reviewing loan approval and loan documents prepared by counsel to ensure consistency and adherence to requirements.
• Manage incoming and outgoing payments required from the Borrower and Lenders.
• Book new commitment, amendment, or restructure updates in the Loan IQ system of record.
• Work closely with Client Manager, Credit and Portfolio Officers, Agency Management, Internal and External Legal Counsel and many internal operational support units to ensure seamless execution of transaction.
• Demonstrate time schedule flexibility to accommodate deal closing requirements.

Benefits

• Competitive benefits to support their physical, emotional, and financial well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree