Collateral Administration Specialist II

Bank of America; Saint Louis (LA); On-site; USD 55,000 - 75,000; Full time

Job summary

Bank of America is seeking a Collateral Administration Specialist within Global Credit Operations in the United States. The role focuses on managing collateralized debt obligations, maintaining control of collateral, and ensuring accurate booking in the system of record.

You will set up collateral files, review tickler data, and monitor insurance evidence. You will collaborate with client teams to ensure timely processing, maintain lien positions, and support compliance with bank and federal

Qualifications

• Minimum of 1 year Real Estate Administrative experience.
• Minimum of 1 year loan documentation review experience.
• Minimum of 1 year of legal documentation review experience.
• LIQ experience is highly desired.

Responsibilities

• Maintains data accuracy and completes all collateral processes timely
• Receives incoming loan files and reviews for compliance with bank and federal guidelines
• Maintains relationships with Relationship Administrators to ensure efficient and high-quality loan processing
• Gives technical advice and guidance to business units and interdisciplinary teams on projects
• Maintains systems of record for continued monitoring of collateral and insurance
• Works in a paperless environment and adheres to compliance guidelines
• Promotes collaboration and communicates with impact; learns and adapts quickly; holds self and others accountable for high performance standards

Skills

Attention to Detail

Data Entry

Oral Communications

Written Communications

Risk Management

Prioritization

Customer and Client Focus

Legal Structures and Legal Forms

Recording/Organizing Information

Critical Thinking

Education

High School Diploma / GED / Secondary School or equivalent

Job description

Bank of America is seeking a Collateral Administration Specialist within Global Credit Operations in the United States. The role focuses on managing collateralized debt obligations, maintaining control of collateral, and ensuring accurate booking in the system of record.

You will set up collateral files, review tickler data, and monitor insurance evidence. You will collaborate with client teams to ensure timely processing, maintain lien positions, and support compliance with bank and federal