Loan Administrator II

Bank of America•Plano, TX

23h•Onsite

About The Position

At Bank of America, the Loan Administrator II supports multiple lines of business by managing collateralized debt obligations and issue tracker reports to perfect, monitor, and release the bank’s collateral. The role helps maintain control of collateral through accurate booking and updates in systems of record, and is responsible for timely, accurate processing of commercial loan collateral releases. Collateral may include real estate, UCCs, vehicle liens, and life insurance. The position involves in-depth due diligence using systems of record and legal loan documentation; preparing lien releases; validating workflow approvals; communicating with internal and external clients; and ensuring releases are completed through jurisdictional entities. The role also sets up and standardizes collateral files, prepares and reviews tickler and exception tracking data, reviews insurance adequacy, monitors evidence of insurance, and maintains or releases lien positions. The position works in a paperless environment and follows bank, federal, and other compliance guidelines.

Requirements

Knowledge of credit agreements or legal documentation.
At least one year of previous banking experience.
Ability to work independently with little management supervision.
Exceptional verbal and written communication skills.
Knowledge of commercial loan documentation and loan accounting systems.
Experience preparing real estate, UCC, or other collateral documents.
Ability to communicate professionally with internal and external clients.
Strong organization and efficiency, with the ability to multitask in a fast-paced environment.
Proficiency with Microsoft Office, especially Word and Excel.
High school diploma, GED, secondary school credential, or equivalent.

Nice To Haves

Experience with LoanIQ.
Experience with CreditCenter.

Responsibilities

Maintain data accuracy and complete collateral processes on time.
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 ongoing monitoring of collateral and insurance.
Conduct due diligence of bank collateral using systems of record and legal loan documentation.
Prepare lien-release documents, validate workflow approvals, communicate with internal and external clients, and update systems of record to ensure collateral releases are completed through jurisdictional entities.
Set up and standardize collateral files; prepare and review tickler and exception-tracking data; review insurance adequacy and monitor evidence of insurance; maintain or release lien positions.
Work in a paperless environment and adhere to compliance guidelines.
Promote collaboration, communicate with impact, learn and adapt quickly, and hold self and others accountable for high performance standards.