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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:
The Consumer Credit Accounting team is part of the Consumer Privacy & Data Management organization and is responsible for the accurate accounting and reporting of modified and non-performing loans in compliance with Generally Accepted Accounting Principles (GAAP) and regulatory guidelines. The team performs various accounting, analysis and reporting activities as part of the monthly accounting close. The team also supports regulatory reporting submissions (SEC filings, FR Y-9C, FR Y-14M/Q, etc.) by ensuring the data provided is accurate and complete and in conformance with FRB/OCC instructions. In addition, the team participates in a variety of data quality and data analysis routines to ensure the integrity of data residing in the accounting systems (CLEAR and Over$ight), the BAC Mortgage Hub application which is the Authorized Data Source (ADS) for residential mortgage data, as well as the BAC Vehicle Hub application, the ADS for vehicle lending data. The team is also involved in audits through interactions with regulators and auditors along with providing requested information and responding to questions. Understand technical or product specific accounting knowledge; Researches and resolves/ processes accounting exceptions; prepares one or more of the following: data, GL balances, disclosures, SEC reporting.
Key responsibilities for this role include:
Required Qualifications:
Desired Qualifications:
Skills:
Minimum Education Requirements: Bachelor’s degree in related field or equivalent work experience
Shift:
1st shift (United States of America)Hours Per Week:
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