Document Administrator II
2 weeks ago
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.
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
JOB SUMMARY:
This job is responsible for preparing and reviewing documentation in accordance with bank policies and procedures to facilitate closings with the client. Key responsibilities include working on routine to more complex documentation as assigned by the Market Leader or designee and interfacing working with company vendors, legal counsel, line partners, and clients to ensure world-class documentation accuracy. Job expectations include maintaining accuracy of documentation and system of record financial data, delivering documents in a timely manner, and eliminating controllable rework.
LOB Job Description
The Doc Admin II for the Fulfillment Team will handle functions relating to credit events for standard syndicated large corporate loans with Bank of America as a Lender. Key responsibilities include booking new facilities, amending existing deals, and managing the incoming and outgoing payments required from the Borrower and Lenders. Must be proficient in Excel and attention to detail is crucial. Effective communication with business partners, clients, and peers is essential in order to foster a cohesive environment. Must have some knowledge of commercial loans and accounting systems.
RESPONSIBILITIES:
Ensures that loan documentation and lien perfection meet bank policies and procedures and that work products are delivered in an accurately and timely manner
Reviews documentation, performs due diligence and collateral perfection, and monitors loan documentation for a specific market segment
Reviews documents for accuracy, timely delivery, and necessary research requirements to ensure documentation reflects the appropriate transactional information and elimination of controllable rework
Reviews the loan approval and loan documents prepared by counsel to ensure consistency and adherence to requirements
Designs a robust filing and organizational process to assist in completing primary financial booking and initial loan funding
Works 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 transactions
SKILLS:
Due Diligence
Data Collection and Entry
Attention to Detail
Customer and Client Focus
Prioritization
Adaptability
Business Acumen
Oral Communications
Written Communications
Research
Required Skills:
- Experience with complex computer systems or programs
- Finance, accounting, or mathematical background.
- Can read, interpret, and analyze complex legal documentation such as credit agreements, and amendments.
- Familiarity with commercial credit or commercial loan terminology.
Desired Skills:
- Experience with booking within LoanIQ (Loan IQ).
- Risk Management: Understanding of risk assessment and mitigation within the context of corporate lending.
- Commitment to challenging the status quo and promoting positive change.
- Believes in value of diversity so we can reflect, connect, and meet the diverse needs of our clients and employees around the world.
- Effective problem-solving skills
- Recording/Organizing Information
- Relationship Building
- Financial Analysis
- Data Management
- Legal Structures and Legal Forms
- Regulatory Compliance
Shift:
1st shift (United States of America)Hours Per Week:
40-
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