Loan Administrator II

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!

This job is responsible for booking the Loan at hand to the SOR in accordance with Bank policies/procedures, which includes routine to complex transactions. The role requires the individual to work with various upstream partners to receive in the documents, perform any funding needed and book the loan to the SOR. Maintaining control of Bank collateral through accurate booking on the system of record (SOR), responsible for accurate setup and maintenance of billing schedules, pricing options, risk rating changes and all other client record and indicative data. This role is responsible for data accuracy and timely completion of the financial aspect of the loan.

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

Required Skills:

• Knowledge of loan documentation concepts (reviewing credit approvals, etc.)
• Good technical aptitude (desktop and mainframe applications) and experience with Microsoft Office Products (Excel, Word).
• Efficient organizational, writing and client/customer communications skills.
• Ability to handle stressful situations and deadline pressures.
• Strong analytical and problem solver skills.
• Effective prioritization of multiple tasks, balancing quality and productivity.
• Effective time management.
• Flexible and adaptable.
• Detail orientated and be able to work independently as well as in a team environment.
• Ability to identify issues and potential solutions/alternatives given existing policies and procedures, including the need to escalate.

Desired Skills:

• Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions.
• Excels in working among diverse viewpoints to determine the best path forward.
• Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner
• Commitment to challenging the status quo and promoting positive change.
• Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
• Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world.

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

Shift:

1st shift (United States of America)

Hours Per Week:

40