Account Management Ops Representative - Loan Management Account Operations

Bank of America; Pennington (NJ); On-site; USD 42,000 - 62,000; Full time

Job summary

Bank of America in Pennington, NJ is seeking an Operations Support professional to assist with onboarding and maintenance of client accounts, following established guidelines and procedures. You will provide quality service and effective operations support for internal partners and external clients.

The role involves handling inquiries, performing basic research, and escalating risks with guidance from team leads for more complex issues.

Qualifications

• Experience evaluating detailed client documents for accuracy and compliance with requirements to approve completion of work.
• Experience following standard operating procedures and resolving issues with partners.
• Experience interacting with partners via phone and email.

Responsibilities

• Performs onboarding and maintenance of accounts and reviewing required account documentation.
• Responds to client inquiries via numerous channels to support operational efficiency and quality client service.
• Performs basic research, follow-up and resolution of routine research requests.
• Identifies potential issues in daily operational tasks and escalates risk concerns as appropriate.
• Provides general operational support including handling inbound calls, mail sorting, and mail distribution.
• Reviews and approves required account documentation.
• Reviews highly detailed documents or client account information for accuracy and completeness.
• Conducts risk assessments for each request type, applies risk mitigation steps and escalates complex issues to leadership.
• Researches and resolves data issues by following documented procedures and engaging support partners when necessary.
• Responds to internal business partner inquiries about errors or reporting to support operational efficiency and quality service.
• Performs basic research and follow-up, manages a case load by prioritizing tasks to ensure prompt completion with support from a more tenured team member.
• Understands the process flow end-to-end including controls, risks and upstream/downstream impacts.

Skills

Account Management

Customer and Client Focus

Oral Communications

Research

Attention to Detail

Collaboration

Written Communications

Prioritization

Recording/Organizing Information

Result Orientation

Numerical Reasoning

Job description

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.

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.

This job is responsible for standard activities supporting the creation, onboarding and maintenance of accounts, according to the established guidelines and procedures. Key responsibilities include providing quality service and effective, efficient operations support for internal business partners and external clients. Job expectations include operating with a standard level of independence, and referring to their team lead or manager for direction and support with more complex issues and escalations.

Responsibilities

• Performs onboarding and maintenance of accounts and reviewing required account documentation.
• Responds to client inquiries via numerous channels to support operational efficiency and quality client service
• Performs basic research, follow-up and resolution of routine research requests
• Identifies potential issues in daily operational tasks and escalates risk concerns, as appropriate
• Provides general operational support including handling inbound calls, mail sorting, and mail distribution
• Reviews and approves required account documentation

Skills

• Account Management
• Customer and Client Focus
• Oral Communications
• Research
• Attention to Detail
• Collaboration
• Written Communications
• Prioritization
• Recording/Organizing Information
• Result Orientation
• Numerical Reasoning

Line of Business Description

After a client sends an onboarding or maintenance request to the Merrill front office, the Loan Management Account Operations team ensures that all documentation and regulatory requirements have been met and approve the request for automated activation. After activation is complete, the team confirms all system information is correct, so the client can access the product. This group must complete a high volume of work within a 48-hour period.

Responsibilities

• Reviews highly detailed documents or client account information for accuracy and completeness
• Conducts risk assessments for each request type, applies proper risk mitigation steps and escalates complex issues to leadership as needed
• Researches and resolves data issues by following documented procedures, using trouble shooting guides, and engaging support partners when necessary
• Responds to internal business partner inquiries about errors or reporting through phone and email to support operational efficiency and quality service
• Performs basic research and follow-up, manages a case load by prioritizing tasks according to due dates and other factors to ensure prompt completion of work with significant support from a more tenured team member
• Understands the process flow from end to end including the reasons for each step, the process controls, the risks within the process and the upstream/downstream impacts of their work based on an understanding the work affects other operational

Required Qualifications

• Experience evaluating highly detailed client provided documents for accuracy, completeness and compliance with specific requirements to approve completion of work
• Experience following standard operating procedures, finding errors and working with partners to resolve issues
• Experience interacting with partners via phone and email

Desired Qualifications

• Experience using Microsoft Outlook for email
• Ability to work with and manipulate data using Microsoft Excel to track results
• Ability to apply knowledge to improve processes

Shift

1st shift (United States of America)

Hours Per Week

40