Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
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Job Description:
This job is responsible for managing collateralized debt obligations and issue tracker reports to perfect the bank's collateral. Key responsibilities include maintaining control of the bank's collateral through accurate booking on the system of record, setting up and standardizing collateral files, and preparing and reviewing tickler and exception tracking data.
Line of Business Job Description:
Primarily responsible for perfecting bank's Financial Booking. Responsible for accurate set-up and maintenance of billing schedules, pricing options, and all other client record and indicative data. This role will be responsible for data accuracy and timely completion of the booking and funding process.
Responsibilities:
- Perfects the bank's system of record through accurate set-up and maintenance of billing schedules, pricing options, and all other client records and indicative data
- Performs administrative duties related to setting up new and/or modifying existing loans, maintains bookings on the systems of record, and identifies and enters data to provide data to modelers for loss risk forecasting
- Manages the daily collateralized debt obligation suite and issue tracker reports to execute the daily loan closing process
- Maintains relationships with Relationship Administrators to ensure efficient and high quality loan processing
Required Qualifications:
- Loan or legal documentation experience
- Must be detail oriented and be able to read and understand loan documents
- Must build and maintain a strong relationship with Business Partners
- Works with limited supervision.
- Exceptional communication skills (both verbal and written)
- Ability to multi-task
Desired Qualifications:
- Knowledge of Credit Center, GFS, Loan IQ
- One to Two years previous Financial Booking knowledge
- Ability to work independently with little management supervision
- Ability to communicate with attorneys and internal business partners
- Microsoft Excel skills
- Bachelor's Degree
Skills:
- Attention to Detail
- Customer and Client Focus
- Legal Structures and Legal Forms
- Prioritization
- Business Acumen
- Critical Thinking
- Data Collection and Entry
- Oral Communications
- Written Communications
- Quality Assurance
- Recording/Organizing Information
- Risk Management
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent work experience
Shift:
1st shift (United States of America)
Hours Per Week:
40