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Loan Administrator II- Credit Exceptions

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Bank of America

11d ago

  • Job
    Full-time
    Junior Level
  • Banking & Finance
  • Charlotte

AI generated summary

  • You need 1+ years in finance, strong communication skills, proficiency in Microsoft Office, ability to multitask under pressure, detail-oriented, and capable of working both independently and in a team.
  • You will ensure loan documentation accuracy, support due diligence, perfect collateral, and collaborate with various teams to collect necessary documents efficiently.

Requirements

  • 1+ years of financial industry experience
  • Strong verbal and written communication skills
  • Excellent organizational, writing, and communication skills.
  • Experience with Microsoft Office Products
  • Ability to handle stressful situations and deadline pressures.
  • Multi-task oriented - able to fluidly move between tasks.
  • Detail oriented and be able to work independently, as well as in a team environment.

Responsibilities

  • Ensures that loan documentation and lien perfection meet bank policies and procedures.
  • Supports documentation reviews, due diligence activities, collateral perfection.
  • Reviews documents for accuracy and conducts necessary research to ensure documentation reflects the appropriate transactional information.
  • Works closely with Client Managers, Credit and Portfolio Officers, agency management, internal and external legal counsel, and many internal operational support units to ensure seamless collections of documents.

FAQs

What is the primary responsibility of a Loan Administrator II- Credit Exceptions?

The primary responsibility is to review documentation in accordance with the bank's policies and procedures to clear past due exceptions or trailing documents prior to the grace period.

What qualifications are required for this position?

A minimum of 1+ years of financial industry experience, strong verbal and written communication skills, excellent organizational skills, familiarity with Microsoft Office Products, and the ability to handle stressful situations and deadlines.

What types of software knowledge are preferred for this role?

Knowledge of Loan IQ, GFS, CREDIT CENTER, SHAREPOINT, and EDR is desired.

Is a college degree required for this position?

No, the minimum education requirement is a High School Diploma/GED/Secondary School or equivalent work experience.

What kind of environment should I expect while working in this role?

You can expect to work both independently and as part of a team in a detail-oriented environment that requires multi-tasking and adaptability.

How many hours per week will I be working in this position?

The role requires a commitment of 40 hours per week.

What kind of support does Bank of America provide for employee well-being?

Bank of America offers competitive benefits to support the physical, emotional, and financial well-being of their teammates and their families.

What shift will I be working if I get this job?

The position is for the 1st shift in the United States of America.

Is there an emphasis on diversity and inclusion in the workplace?

Yes, Bank of America is devoted to being a diverse and inclusive workplace for everyone and hires individuals with a broad range of backgrounds and experiences.

How does Bank of America promote career growth for its employees?

Working at Bank of America offers great career opportunities to learn, grow, and make an impact, along with the power to make a difference.

Bank of America

Helping to make financial lives better through the power of every connection.

1-10
Employees

Mission & Purpose

Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company serves approximately 56 million U.S. consumer and small business relationships. It is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading. This LinkedIn company page is moderated. For more information, please visit: https://bit.ly/32FDdQr. For account issues, please visit: https://bit.ly/2GeTIeP.

Culture & Values

  • Deliver together

    We believe in the importance of treating each client and teammate as an individual and treating every moment as one that matters. We strive to go the distance to deliver, with discipline and passion. We believe in connecting person-to-person, with empathy and understanding. We believe everything we do for our clients, teammates and the communities we serve is built on a solid business foundation that delivers for shareholders.

  • Act responsibly

    We believe that integrity and the disciplined management of risk form the foundation of our business. We are aware that our decisions and actions affect people’s lives every day. We believe in making decisions that are clear, fair and grounded in the principles of shared success, responsible citizenship and community building.

  • Realize the power of our people

    We strive to help all of our employees reach their full potential. We believe that diverse backgrounds and experiences make us stronger. We respect every individual and value our differences - in thought, style, sexual orientation, gender, gender identity and expression, race, ethnicity, culture, age, ability and experience.

  • Trust the team

    We believe great teams are built on mutual trust, shared ownership and accountability. We act as one company and believe that when we work together, we best meet the full needs of our clients, and deliver value to our shareholders.