Collateral Operations Specialist (Loan Admin II)

Bank of America; Charlotte (NC); On-site; USD 60,000 - 90,000; Full time

Job summary

Bank of America is seeking a collateral operations professional to manage collateralized debt obligations and issue tracker reports. You will monitor and perfect collateral, ensure accurate booking in the system of record, and standardize collateral files.

The role requires reviewing insurance adequacy, maintaining lien positions, and providing guidance to business units. A strong emphasis on data accuracy and compliance is essential.

Qualifications

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

Client Focus

Legal Knowledge

Prioritization

Business Acumen

Critical Thinking

Data Entry

Oral Communication

Written Communication

Quality Assurance

Documentation

Risk Management

Education

High School Diploma / GED

Tools

Microsoft Suite

Job description

Bank of America is seeking a collateral operations professional to manage collateralized debt obligations and issue tracker reports. You will monitor and perfect collateral, ensure accurate booking in the system of record, and standardize collateral files.

The role requires reviewing insurance adequacy, maintaining lien positions, and providing guidance to business units. A strong emphasis on data accuracy and compliance is essential.