Team Leader - R

Bank of America; India; On-site; INR 700,000 - 1,000,000; Full time

Job summary

Bank of America is seeking a detail-oriented Loan Servicing & Settlements specialist for its Chennai operations. You will input servicing data, set up new credit arrangements, manage rate changes and settlements for large corporate credits, and act as the primary contact for administration of loans.

The role requires strong numerical ability, familiarity with ACBS/Loan IQ or similar platforms, and the ability to work under tight deadlines while ensuring accuracy and compliance with reporting

Qualifications

• 3+ years of experience in loan servicing or settlements.
• B.Com degree.
• Experience with ACBS/Loan IQ or similar loan servicing systems.

Responsibilities

• Look to perform Input all the servicing/Settlement activities.
• Setting up new credit arrangements and loans to ensure timely funding of borrowing requests.
• Manage periodic rate changes, rate rollovers, advances, billing, conversions, fee, letter of credit activity and other inquiries.
• Serve as primary point of contact for request related to administration of large corporate credits.
• Responsible for accurate data input to various ancillary credit or operating systems is required e.g.
• ACBS/Loan Runner WTQ, Cash Manager and Right fax.
• Position requires proficiency with numbers to ensure accurate loan commitment, interest; fee and principal payments are recorded. Manage escalations and ensure time resolution to avoid any financial and reputational risks.
• Should have understanding of secondary loan trading market. Ensure that all intraday and end of day checklists are maintained correctly and sign-off to confirm completion of tasks.
• Undertake necessary steps to ensure that any required reporting requests are fulfilled.
• Loan servicing & Settlements administration with a good working knowledge of ACBS/Loan IQ / similar platform for a loan servicing or settlement process. Organized, efficient, self-managed in key areas. Able to work under pressure & tight deadlines

Skills

Good communication skills

Knowledge of loan syndication secondar

Education

B.Com

Tools

MS Excel

Loan IQ

Job description

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.

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!

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.

Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.

In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.

Process Overview*

Global Loan Operations team manages End to end Trade life cycle for syndicated loans. The teams are primarily responsible for the confirmation, settlement and ongoing management of lifecycle events for positions held by global markets loan trading. The teams have a high degree of client interaction, initially via the confirmation and Settlement process and subsequently via the management of sub participation agreements.

Job Description

Look to perform Input all the servicing/Settlement activities.

Setting up new credit arrangements and loans to ensure timely funding of borrowing requests.

Manage periodic rate changes, rate rollovers, advances, billing, conversions, fee, letter of credit activity and other inquiries.

Serve as primary point of contact for request related to administration of large corporate credits.

Responsible for accurate data input to various ancillary credit or operating systems is required e.g.

ACBS/Loan Runner/LIQ /WTQ, Cash Manager and accuRoute.

Position requires proficiency with numbers to ensure accurate loan commitment, interest; fee and principal payments are recorded. Manage escalations and ensure time resolution to avoid any financial and reputational risks.

Should have understanding of secondary loan trading market. Ensure that all intraday and end of day checklists are maintained correctly and sign-off to confirm completion of tasks.

Undertake necessary steps to ensure that any required reporting requests are fulfilled.

Loan servicing & Settlements administration with a good working knowledge of ACBS/Loan IQ / similar platform for a loan servicing or settlement process. Organized, efficient, self-managed in key areas. Able to work under pressure & tight deadlines

Responsibilities

• Look to perform Input all the servicing/Settlement activities.
• Setting up new credit arrangements and loans to ensure timely funding of borrowing requests.
• Manage periodic rate changes, rate rollovers, advances, billing, conversions, fee, letter of credit activity and other inquiries.
• Serve as primary point of contact for request related to administration of large corporate credits.
• Responsible for accurate data input to various ancillary credit or operating systems is required e.g.
• ACBS/Loan Runner WTQ, Cash Manager and Right fax.
• Position requires proficiency with numbers to ensure accurate loan commitment, interest; fee and principal payments are recorded. Manage escalations and ensure time resolution to avoid any financial and reputational risks.
• Should have understanding of secondary loan trading market. Ensure that all intraday and end of day checklists are maintained correctly and sign-off to confirm completion of tasks.
• Undertake necessary steps to ensure that any required reporting requests are fulfilled.
• Loan servicing & Settlements administration with a good working knowledge of ACBS/Loan IQ / similar platform for a loan servicing or settlement process. Organized, efficient, self-managed in key areas. Able to work under pressure & tight deadlines

Requirements

Education : B.Com

• Certifications If any : NA

Experience Range : 3 years and above

Foundational Skills:

• Good Communication Skills
• Knowledge of Loan Syndication Secondary Market

Desired Skills:

• Good to advanced knowledge of MS EXCEL
• Knowledge of Loan IQ application

Work Timings: 7:30 PM – 4:30 AM IST

Job Location: Chennai