Loan Administrator III

Bank of America • Fort Worth, TX

6d • 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: Primarily responsible for perfecting bank's collateral. Responsible for maintaining control of Bank collateral through accurate booking on the system of record (SOR), set-up and standardization of collateral files, set-up and review of tickler and exception tracking data. Responsible for accurate set-up and maintenance of billing schedules, pricing options, risk rating changes and all other client record and indicative data. Works on highly complex relationships. Assists junior Document and Loan Administrators with their primary responsibilities and assists Market Leader in directing workflow and performing QA. This role will be responsible for data accuracy and timely completion of collateral process. LOB Specific Description: This role manages post-close loan documentation and due diligence, ensuring accuracy and thorough follow-through from initial receipt to final completion. Key responsibilities include: Maintaining control of Bank collateral through accurate booking in the system of record (SOR). Setting up and standardizing collateral files. Establishing and reviewing tickler and exception tracking data. Performing reviews of highly complex relationships. Assisting junior Loan Administrators with their responsibilities. Supporting the Market Leader in directing workflow, research and conducting quality assurance. Collaborating with Credit and Operational business partners to review complex collateral structures and documentation

Requirements

• Previous loan administration experience
• Experience with Legal documentation review
• Ability to prioritize and proactively manage responsibilities
• Effective problem solving skills and ability to perform independent research
• Excellent written and verbal communication skills
• Proficient computer skills, including Windows, Excel, Word and Outlook
• The ideal candidate demonstrates exceptional attention to detail, strong organizational skills, and the ability to thrive in a dynamic, compliance-focused environment.

Responsibilities

• Maintaining control of Bank collateral through accurate booking in the system of record (SOR)
• Setting up and standardizing collateral files
• Establishing and reviewing tickler and exception tracking data
• Performing reviews of highly complex relationships
• Assisting junior Loan Administrators with their responsibilities
• Supporting the Market Leader in directing workflow, research and conducting quality assurance
• Collaborating with Credit and Operational business partners to review complex collateral structures and documentation

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED
• Number of Employees: 5,001-10,000 employees