Collateral Release Administrator

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 a diverse and 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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

Position is responsible for supporting multiple lines of business with the timely and accurate release of commercial loan collateral including but not limited to real estate, UCCs, vehicle liens and life insurance.  Responsible for conducting in-depth due diligence of Bank collateral using system of record (SOR) and through review of legal loan documentation.  Responsible for accurate document preparation of lien releases, validation of proper credit approvals, and communication with internal and external clients.  Responsible to update SOR and ensure collateral release completion through jurisdictional entities.  

Required Skills:

• Knowledge of commercial loan documentation and loan accounting system
• Experience preparing real estate, UCC, or other collateral document
• Excellent verbal and written communication skills.  Ability to communicate professionally with internal and external clients.
• Well-organized and efficient; adept at multitasking in a fast paced environment
• Proficiency with Microsoft Office, with focus on Word and Excel

Skills:

• Attention to Detail
• Business Acumen
• Collateral Management
• Customer and Client Focus
• Prioritization
• Data Collection and Entry
• Recording/Organizing Information
• Research
• Written Communications

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

Hours Per Week: