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. 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:
This job is responsible for preparing and reviewing documentation in accordance with the bank's policies and procedures to facilitate closings with the client and ensure lien perfection. Key responsibilities include working on highly complex documentation, supporting Loan Administrators with their primary responsibilities, and assisting the Market Leader in directing workflow and performing quality assurance. Job expectations include working with company vendors, legal counsel, line partners, and clients to ensure world class documentation accuracy.
Responsibilities:
Ensures that loan documentation and lien perfection meets bank policies and procedures and that work products are delivered in an accurately and timely mannerLeads documentation, due diligence and collateral perfection, and monitoring of loan documentation for a specific market segmentReviews documents for accuracy, timely delivery, and necessary research requirements to ensure documentation reflects the appropriate transactional information and elimination of controllable reworkReviews the loan approval and loan documents prepared by counsel to ensure consistency and adherence to requirementsDesigns a robust filing and organizational process to assist in completing primary financial booking and initial loan fundingWorks closely with Client Managers, Credit and Portfolio Officers, agency management, internal and external legal counsel, and many internal operational support units to ensure seamless execution of transactionsRequired Skills:
2+ years of experience with commercial lendingFamiliarity with commercial credit or commercial loan terminologyExperience with reading, interpreting, and analyzing complex legal documentation such as credit agreements, and amendmentsHighly organized, proactive, and able to plan, prioritize and manage deliverablesStrong written and verbal communication skills; able to target messaging to different audiencesEffective problem-solving skillsProficient computer skills, including Windows, Excel, Word, and OutlookCan work independently while balancing early escalation to ensure seamless closingAdapts well to a quickly evolving environmentDesired Skills:
Finance, accounting, or mathematical backgroundExperience with LoanIQ Bachelor’s degree or equivalent loan administration experienceSkills:
Attention to DetailBusiness AcumenCustomer and Client FocusDue DiligencePrioritizationAdaptabilityData Collection and EntryOral CommunicationsResearchWritten CommunicationsMinimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
Shift:
1st shift (United States of America)Hours Per Week:
40