Loan Administrator II
About The Position
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! This job is responsible for managing collateralized debt obligations and issue tracker reports to perfect, monitor and release the bank's collateral. Key responsibilities include maintaining control of the bank's collateral through accurate booking on the system of record (SOR). Job expectations include setting up and standardizing collateral files, preparing and reviewing ticklers and exception tracking data, reviewing insurance adequacy, monitoring evidence of insurance and maintaining and/or releasing lien position for collateral. LOB Description: Global Credit Operations: Responsible for the fulfillment, servicing and protection of credit offerings for business banking, Global Wealth & Investment Management (GWIM), commercial and corporate clients as well as leasing and trade products.
Requirements
- Minimum 1-year financial services/ financial products experience
- Minimum 1 year of credit agreement or legal documentation review
- Proficient experience with Microsoft Suite experience
Nice To Haves
- Experience with Commercial financial booking knowledge
- Commercial Loan Knowledge
- Loan IQ (LIQ) experience
Responsibilities
- Maintains data accuracy and completes all collateral processes timely
- Receives incoming loan files and reviews for compliance with bank and federal guidelines
- Maintains relationships with Relationship Administrators to ensure efficient and high-quality loan processing
- Gives technical advice and guidance to business units and interdisciplinary teams on projects
- Maintains systems of record for continued monitoring of collateral and insurance
- Works in a paperless environment and adheres to compliance guidelines
- Promotes collaboration and communicates with impact; learns and adapts quickly; holds self and others accountable for high performance standards
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
