Job Description:
About Us
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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Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Global Business Services
Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.
Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.
In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.
Process Overview
Insurance team is involved in Renewal Insurance verification, follow up, and perform other procedures to ensure Insurance is being renewed timely and the bank's security interest is protected.
Individual will be a contributing member of the Specialty Lending Insurance and will be required to manage and maintain the sharepoint and other technology areas in commercial credit division May recommend solutions to moderately complex problems, lead or train other associates and/or supervise highly routine work. Possesses leadership, communication & problem solving skills.
Job Description
The person will be responsible to perform End to End Insurance renewal and update the System of Record before Policy expiration, to avoid any catastrophic financial risk. The team is also involved in UCC continuations, Order Determinations and other Insurances renewals where we send the renewal reminder letters.
Responsibilities
Responsible for annual renewal verification of insurance and ensuring necessary system updates are made. Review includes fax notification to agent, escalations to business partners and update System of Records
Requirements
Education
Graduate in Commerce
• Certifications If Any: NA
• Experience Range: 3-5 Years of experience
• Foundational skills: Excellent Communication skills written and verbal and Understanding of derivatives
• Desired skills:
Good excel Skills
Experience Range
3-5 years
Work Timings
07:30am - 01:30 am ( Rotational)
Job Location*
Gift City