
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:
Responsible for the day-to-day analysis, research and resolution of varied problems. Functions include administering defined procedures, analysis and report generation, and exception processing. Coordinates the implementation of products/services and operational solutions. May assist in designing, documenting, implementing, and monitoring of new products/services. Provides guidance to associates within own unit regarding procedural, technical and/or operational changes. Incumbents have full working knowledge of operations environment acquired through experience in an operations environment and on the job training. Individuals typically have 2 to 4 years of experience.
Responsibilities:
Account Receivable and Inventory analysis supporting Asset Based Lending loan portfolios
Determine eligible client collateral in accordance with Credit Agreement
Review and understand client trends in relation to Accounts Receivable, Accounts Payable and Inventory collateral levels
Identify and escalate potential risk items in client loan support documentation
Effectively communicate analysis to business partners & clients
Extracting / formatting / uploading client report data for multiple lending lines of business Review client file submissions for completeness and assess file format for predetermined requirements
Coordinate the receipt of missing/incomplete documentation with our internal Servicing partners
Collaborate with internal Servicing Partners to insure correct data extraction
Create and update formulas within data extraction tool used to upload client files to analytical application
Skills:
Ability to manage multiple and sometimes competing priorities
Work independently
Takes ownership
Analyze issues and drive problem resolution
Good written and verbal communication skills
Willing to learn and adapt to change
Working knowledge of Windows and Microsoft Office
Proficient in Excel and understanding of Excel formulas
Desired Skills:
Experience with General Ledger or Accounting practices
Financial analytics
Reconciling data sets
Data Mining – Identifying key data points, isolating for further analysis
Knowledge of Monarch Pro and MicroStrategy reporting
Efficient prioritization of client processing requests – Multi-tasking; prioritizing
Communication Skills: Clear and concise emails; able to provide clear explanation of issues to Business partners and Leadership
Confident relaying findings and reporting to Senior leaders and Business relationship partners
Troubleshooting – Ability to evaluate issues and escalate if needed with potential resolutions
Knowledge of Asset Based Lending and Borrowing Base structure
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