Credit Services Rep III

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:

Focuses on the day to day resolution of problems and the execution of complex, sensitive transactions. Works effectively with a minimum amount of supervision. Is considered an expert in the assigned area and acts as a resource for other associates. Is able to accurately handle detailed instructions under pressure and a higher volume of more complicated credits. Fully experienced, generally at least 7 to 10 years. Demonstrates an in depth understanding of governing policies, procedures, and regulations in addition to an excellent working knowledge of the various credit related products and documentation. Takes initiative to work through issues and makes recommendations for improvements. Can perform well in a cross functional team environment and actively demonstrates excellent leadership skills.

LOB Description:

Global Credit Operations: Responsible for the fulfillment, servicing and protection of credit offerings for business banking, Global Wealth & Investment Management (GWIM), commercial and corporate clients as well as leasing and trade products.

Responsibilities

• Customer service representative responsible for a dedicated portfolio of asset based loan facilities.

• Process, analyze and evaluate daily client activity, monitor the receipt of client reports, review the content for irregularities and/or discrepancies and follow up with the client and Loan Officer.

• Reconcile client Accounts Receivable aging, perform ineligible calculations for Accounts Receivable and Inventory collateral accurately, timely and in compliance with Loan Servicing Standards.

• Process loan and collateral transactions

• Monitor Libor loans.

• Reconcile Letter of Credit Information with detail. 

• Reconcile interest and fees with maturity and due dates.

• Prepare/verify Participation principal, interest and fee settlements. 

• Review loan documentation

• Perform assigned functions/tasks within the team

Minimum Qualifications:

• Minimum of 2 years loan servicing or analyst experience

• Minimum of 1 year of reporting experience

• Proficient in Microsoft Suite, (Excel, PowerPoint..ect.

Skills:

• Data Collection and Entry

• Recording/Organizing Information

• Attention to Detail

• Customer and Client Focus

• Issue Management

• Adaptability

• Analytical Thinking

• Oral Communications

• Written Communications

• Legal Structures and Legal Forms

• Collaboration

• Prioritization

Shift:

Hours Per Week: