Team Leader

Bank of America

Chennai District

On-site

INR 900,000 - 1,500,000

Full time

14 days+

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Job summary

A global banking institution is seeking an experienced professional to support the Small Business Spreading client segment in Chennai. The ideal candidate will analyze financial statements and determine creditworthiness in accordance with the bank’s policies. Responsibilities include ensuring compliance with performance indicators, collaborating with stakeholders, and driving operational efficiencies. This full-time position offers a dynamic work environment with a focus on continuous improvement and quality metrics.

Qualifications

5+ years of work experience in financial due diligence.
Experience analyzing and reclassifying financial statements.
Certifications in Commercial Lending, Financial Analysis & Report Writing.

Responsibilities

Ensure compliance with performance indicators – quality and timeliness.
Work with stakeholders to resolve queries and enhance processes.
Monitor quality metrics and drive continuous improvement.
Produce MIS and KPIs tracking for the team.
Ensure compliance with quality and timeliness KPIs; drive improvements.
Identify process improvements to enhance operational efficiency.

Skills

Strong analytical and numerical abilities

Good oral/written communication skills

Strong knowledge and understanding of financial statements

Knowledge of accounting standards (US GAAP)

Financial statements knowledge

Education

Graduation (Commerce) / Post Graduation / MBA in Finance

Certifications in Commercial Lending, Financial Analysis & Report Writing

MBA in Finance

Tools

MS PowerPoint

Excel

Job description

About Us 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.

Job Description We are looking for an experienced professional to support the Small Business Spreading client segment. The role requires financial due diligence by analyzing and reclassifying financial statements of new and existing Lines of Credit & Term Loan for corporate borrowers in accordance with the bank’s credit risk policy, determining borrower creditworthiness & debt service capacity. Responsibilities include retrieving financial statements, conducting enhanced due diligence, and collaborating with team members and stakeholders.

Global Business Services

Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.

Process Overview

The team supports the Small Business Spreading client segment. The process involves financial due diligence by analyzing and reclassifying financial statements of new and existing Lines of Credit & Term Loan for corporate borrowers in accordance with the bank’s credit risk policy for determining the borrower credit worthiness & debt service capacity.

Responsibilities

Ensure high level of compliance with key performance indicators – quality and timeliness for the process, among others
Ensure timely follow up & closure of identified issues with the Line Of Business (LOB) partners
Work with various stakeholders to understand and resolve queries, escalations, and process enhancements
Identify continuous improvement opportunities within the process to drive operational efficiencies
Assist in creation of MIS reports and tracking various KPIs & KRIs of the team
Monitor and track quality metrics and work towards continuous improvement, standardization, optimization

Requirements

Education – Graduation (Commerce) / Post Graduation / MBA in Finance
Certifications, if any – Commercial Lending, Financial Analysis & Report Writing
Experience – 5+ years of work experience

Foundational Skills

Strong analytical and numerical abilities
Good oral/written communication skills
Strong knowledge and understanding of financial statements
Knowledge of accounting standards (US GAAP)

Desired Skills

Knowledge of IFRS/GAAP accounting standards
Working knowledge of MS Power Point and Excel
Demonstrate ability to work in a high-pressure environment
Takes initiative and challenges existing processes and procedures in a proactive manner
Strong team player
Ability to analyze issues independently and derive solutions

Work Timings