Collateral & Loan Operations Specialist II

National Black MBA Association; Charlotte, Northern (NC, KY); Hybrid; USD 65,000 - 90,000; Full time

Job summary

Bank of America is seeking a collateral operations professional to manage collateralized debt obligations, issue tracker reports, and maintain the bank's collateral in the system of record. You will standardize collateral files, review ticklers and insurance evidence, and release lien positions as needed.

You will collaborate with Relationship Administrators and business units to ensure accurate loan processing, compliance with federal guidelines, and ongoing monitoring of collateral and

Qualifications

• Minimum 1-year financial services/ financial products experience.
• Minimum 1 year of credit agreement or legal documentation review.
• Proficient experience with Microsoft Office suite.

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
• W orks 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

Customer and Client Focus

Legal Structures and Legal Forms

Prioritization

Business Acumen

Critical Thinking

Data Collection and Entry

Oral Communications

Written Communications

Quality Assurance

Recording/Organizing Information

Risk Management

Education

High School Diploma / GED

Tools

Microsoft Office

Job description

Bank of America is seeking a collateral operations professional to manage collateralized debt obligations, issue tracker reports, and maintain the bank's collateral in the system of record. You will standardize collateral files, review ticklers and insurance evidence, and release lien positions as needed.

You will collaborate with Relationship Administrators and business units to ensure accurate loan processing, compliance with federal guidelines, and ongoing monitoring of collateral and