Commercial Loan Collateral Specialist

Bank of America Corporation; Jacksonville (TX); On-site; USD 65,000 - 85,000; Full time

Job summary

Bank of America is seeking a collateral specialist to manage obligations and monitor the bank's collateral assets. You will maintain and release lien positions, review insurance evidence, and ensure accurate booking in the system of record (SoR).

The role involves standardizing collateral files, supporting multiple loan types, and ensuring compliance with bank and federal guidelines while collaborating with Relationship Administrators.

Qualifications

• Must have credit agreement or legal documentation knowledge.
• Min 1 year of banking experience.
• Ability to work independently with little supervision.
• Excellent verbal and written communication skills.

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

Credit docs

Banking experience

Communication skills

Multitasking

Education

High School Diploma / GED / Secondary School or equivalent

Tools

LoanIQ

CreditCenter

Job description

Bank of America is seeking a collateral specialist to manage obligations and monitor the bank's collateral assets. You will maintain and release lien positions, review insurance evidence, and ensure accurate booking in the system of record (SoR).

The role involves standardizing collateral files, supporting multiple loan types, and ensuring compliance with bank and federal guidelines while collaborating with Relationship Administrators.