Wholesale Credit Operations Specialist

Bank of America; New York (NY); On-site; USD 39,000 - 65,000; Full time

Job summary

Bank of America is seeking a Credit Professional to support moderate to complex tasks in the credit process. You will assist with monitoring financial packages, coordinating onboarding for client teams, and ensuring timely execution of credit activities in partnership with managers and operations.

The role requires experience in commercial lending, strong organizational skills, and proficiency with Microsoft Office.

Qualifications

• 3 years of experience in Commercial and Wholesale credit lending and portfolio management support.
• Credit Guidelines and lending procedures.
• Underwriting systems knowledge.
• Credit documentation verification.
• Commercial Lending and Commercial products.
• Strong organization and communication skills.
• Institutional banking experience and knowledge of lending products an advantage.
• Proficient with Microsoft Excel and PowerPoint.

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

Skills

Collection Management

Customer Focus

Issue Management

Prioritization

Written Communications

Attention to Detail

Collaboration

Oral Communications

Education

High School Diploma / GED / Secondary School or equivalent

Bachelor's degree preferred or equivalent experience

Tools

Underwriting systems

Job description

Bank of America is seeking a Credit Professional to support moderate to complex tasks in the credit process. You will assist with monitoring financial packages, coordinating onboarding for client teams, and ensuring timely execution of credit activities in partnership with managers and operations.

The role requires experience in commercial lending, strong organizational skills, and proficiency with Microsoft Office.