Loan Administrator III

Bank of America•Jacksonville, FL

4d•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.
Business Acumen
Critical Thinking
Customer and Client Focus
Legal Structures and Legal Forms
Prioritization
Attention to Detail
Data Collection and Entry
Oral Communications
Quality Assurance
Risk Management
Recording/Organizing Information
Written Communications
High School Diploma / GED / Secondary School or equivalent

Responsibilities

Perfecting bank's collateral
Maintaining control of Bank collateral through accurate booking on the system of record (SOR)
Setting up and standardization of collateral files
Setting up and review of tickler and exception tracking data
Accurate set-up and maintenance of billing schedules, pricing options, risk rating changes and all other client record and indicative data
Assisting junior Document and Loan Administrators with their primary responsibilities
Assisting Market Leader in directing workflow and performing QA
Managing post-close loan documentation and due diligence
Performing reviews of highly complex relationships
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