Wholesale Credit Admin Associate II

Bank of America; Chicago (IL); On-site; USD 39,000 - 65,000; Full time

Job summary

Bank of America is seeking a Credit Analyst-style professional to support moderate to complex credit activities and risk management within commercial lending. You will assist with financial reporting, client onboarding, and coordination of credit processes across teams to ensure accurate loan documentation and timely execution.

Role requires strong organization, excellent communication, and the ability to work with internal partners to resolve issues, monitor covenants, and maintain accurate

Qualifications

• 3 years of experience in Commercial and Wholesale credit lending and portfolio management support.
• Credit Guidelines and lending procedures
• Underwriting systems
• Credit documentation verification
• Commercial Lending and Commercial products

Responsibilities

• Assist with monitoring financial reporting and onboarding of clients as the first point of engagement for client teams.
• Support coordination of the credit process with managers, teams, and operations.
• Create credit approval documents for new, renewed, and amended facilities and ensure processing in system of record.
• Review approved documents for policy compliance and resolve facility data discrepancies.
• Assist Credit Officers in daily portfolio management and respond to inquiries.

Skills

Collection Management

Customer Focus

Issue Management

Prioritization

Written Communications

Attention to Detail

Collaboration

Oral Communications

Planning

Problem Solving

Adaptability

Customer Service

Management

Mentoring

Recording/Organizing Information

Research

Education

High School Diploma / GED / Secondary School or equivalent

Bachelor's degree preferred or equivalent experience

Tools

Excel

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. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This job is responsible for assisting with moderate to more complex tasks related to the credit process. Key responsibilities include assisting risk activities including, monitoring financial reporting, coordinating or resolving issues related to onboarding of clients as the first point of engagement for client teams, and supporting coordination of a systematic execution of the credit process in partnership with managers, specified teams, and operations. Job expectations include working with other Enterprise Credit associates and staying current on the bank's policies, procedures, and systems. Responsibilities: Engages with team members to support partnership with teams to manage the bank's portfolio via monitoring financial package collection, maturities, annual reviews/financial analysis summaries, past due payments, and failed covenants Assists in resolving client needs for more complex issues such as ordering pay-off letters Assists in risk management by clearing collateral exceptions to reduce the bank's legally binding exposure Coordinates activities for accurate and timely deals through engaging outside counsel to prepare loan documentation, assisting with the completion of pre-close checklists, and connecting with fulfillment to book facilities in the system of record Support and assist Credit Officers daily in the management of their portfolios, including the review of global credit facilities. Creation of credit approval documents for new, renewed and amended loan, trading and GTS facilities, and their processing through the bank systems of record. Review approved credit approval documents to ensure compliance with bank policy and procedures. Identify and resolve facility data discrepancies. Respond to inquiries from credit officers and other business partners. Investigate and resolve incoming queries relating to the portfolio. Monitor and resolve facility document exceptions. Create, maintain, and monitor credit and financial events and manage exceptions. Maintain accurate document records. Help simplify and improve our processes – active discussion

Required Qualifications:

3 years of experience in Commercial and Wholesale credit lending and portfolio management support Credit Guidelines and lending procedures Underwriting systems Credit documentation verification Commercial Lending and Commercial products Strong organization and communication skills Institutional banking experience and knowledge of lending products an advantage Oriented with proficiency in all Microsoft applications: Excel, PowerPoint

Desired Qualifications:

Bachelor's degree preferred or equivalent experience Time management Organization Portfolio monitoring Strong communication skills, both written/oral, can communicate effectively across various lines of business and levels. Ability to adapt to a changing environment and responsibilities Quickly learns and understands processes, systems, and products Functions under pressure to meet deadlines, proficient at multi-tasking and managing competing priorities Ability to elevate when needed Can independently analyze complex issues, identify, and execute practical solutions Proactively shares information/ideas and consistently identifies best practices Ability to work as part of a diverse team and display reliability, flexibility, and open/constructive communication in a courteous and professional manner Can influence others and build relationships Aptitude to take on additional ad hoc initiatives outside of normal day-to-day activities

Skills:

Collection Management Customer and Client Focus Issue Management Prioritization Written Communications Attention to Detail Collaboration Oral Communications Planning Problem Solving Adaptability Customer Service Management Mentoring Recording/Organizing Information Research

Minimum Education Requirement:

High School Diploma / GED / Secondary School or equivalent

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range $28.13 - $47.71 hourly pay, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

• We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

Privacy Statement:

https://careers.bankofamerica.com/en-us/privacy-notice

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us! Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve. Global Impact Learn about the six areas that guide Bank of America's efforts to help make financial lives better for customers, clients, communities and our teammates. Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success. Our Values Learn about our four values that represent what we believe. Pay Transparency: https://careers.bankofamerica.com/en-us/pay-transparency