Bank of America
Collateral Administrator III - Global Operations
This job is now closed
Job Description
- Req#: 24020202
- Strong understanding of secured credit (life of loan process)
- Ability to perform detailed research on accounts, and follow through on problem resolutions; understand how the various systems work
- Familiarity with reviewing legal documentation
- Attention to detail & good research skills with focus on prioritizing accuracy
- Comfortable with on-line technology
- Proficiency in Outlook, Word, Excel, OneNote
- Strong critical thinking skills
- Ability to work well on a team and be collaborative
- Self-starter
- Ability to meet deadlines and aggressive goals
- Knowledge of Commercial Lending, GFS, LIQ, EDR, CreditCenter
- Previous experience with real estate secured loans
- Attention to Detail
- Business Acumen
- Collateral Management
- Customer and Client Focus
- Prioritization
- Data Collection and Entry
- Recording/Organizing Information
- Research
- Written Communications
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. 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 Description:
Responsible for ensuring on-going lien position of loan collateral for more complex loans. Monitors system of record ticklers for upcoming expirations of UCCs and insurance policies and other time sensitive expiring collateral related items and acts to extend or obtain renewals of the items prior to their expiration. Maintains ticklers on systems of record for these items. Acts to resolve exceptions related to items that have expired or lapsed. Processes releases of collateral and loan documents for loans that have been repaid. Provides direction and guidance to more junior associates.
Required Qualifications:
Desired Qualifications:
Skills:
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent work experience
Shift:
1st shift (United States of America)Hours Per Week:
40About the company
Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.
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