Commercial Loan Administrator II- Post Closing

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At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

This job is responsible for managing collateralized debt obligations and issue tracker reports to perfect, monitor and release the bank's collateral. Key responsibilities include maintaining control of the bank's collateral through accurate booking on the system of record (SOR). Job expectations include setting up and standardizing collateral files, preparing and reviewing tickler and exception tracking data, reviewing insurance adequacy, monitoring evidence of insurance and maintaining and/or releasing lien position for collateral.

Responsible for executing key collateral administration functions, including collateral and asset updates, loan document preparation, booking and tracking activities within systems of record, legal documentation review, and exception management. Builds strong partnerships with client teams and business partners to ensure accurate, timely, and efficient processing.

LOB Description: GCO (Global Credit Operations): Responsible for the fulfillment, servicing and protection of credit offerings for business banking, Global Wealth & Investment Management (GWIM), commercial and corporate clients as well as leasing and trade products.

Responsibilities:

• Maintains data accuracy and completes all collateral processes timely
• Receives incoming loan files and reviews for compliance with bank and federal guidelines
• Maintains relationships with Relationship Administrators to ensure efficient and high-quality loan processing
• Gives technical advice and guidance to business units and interdisciplinary teams on projects
• Maintains systems of record for continued monitoring of collateral and insurance
• Works in a paperless environment and adheres to compliance guidelines
• Promotes collaboration and communicates with impact; learns and adapts quickly; holds self and others accountable for high performance standards

Minimum Requirements:

• Minimum of 1 year of Real Estate Administrative experience
• Minimum of 1 year loan documentation review experience
• Minimum of 1 year of legal documentation review experience

S kills:

• 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

Additional Skills:

• Knowledge of collateral and loan administration processes.
• LIQ experience is highly desired
• Ability to review loan, legal, and collateral documentation to identify exceptions and deficiencies.
• Strong attention to detail with a focus on data accuracy and documentation quality.
• Ability to manage collateral updates, document tracking, and system of record maintenance.
• Strong partnership and communication skills to effectively collaborate with client teams and business partners.

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

1st shift (United States of America)

Hours Per Week: 

40