Loan Administration Specialist

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 an 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.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

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

Job Description:
Primary responsibility is to book the loan onto the banks system of record and perfect bank's collateral. Responsible for maintaining control of bank collateral through set-up, exception tracking and standardization of collateral files. Assures initial lien perfection. Responsible for accurate input of all indicative data changes. This role is responsible for data accuracy and timely completion of the booking and collateral process. Independently perform research and discuss loans with line partners with confidence and knowledge. Interfaces with company vendors, legal counsel and line partners to ensure world-class service. In all measurable categories maintains an acceptable level of errors. Assists Market Leader in the facilitation of team meetings, training and quality review when necessary.

Required Qualifications:

• Consumer and/or commercial loan experience

• Excellent written and verbal communication skills

• Strong organizational and multi-tasking skills

• Ability to work in a team environment

• Detail-oriented

• Proficient with MS Office (Word, Excel, PowerPoint)

• Work well under time constraints 

Desired Qualifications:

• GWIM Credit Policy and Procedure knowledge

• Knowledge of GFS, LoanIQ, EDR, Tradeline and QAPR database

Skills:

• Attention to Detail

• Legal Structures and Legal Forms

• Data Collection and Entry

• Oral Communications

• Prioritization

• Recording/Organizing Information

• Written Communications

• Business Acumen

• Critical Thinking

• Customer and Client Focus

• Quality Assurance

• Risk Management

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

Shift:

Hours Per Week: