The posting
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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
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 reviewing documentation, closing, booking, and funding syndicated lending transactions where Bank of America is the administrative agent, in accordance with the bank's policies and procedures. Key responsibilities include working with internal and external business partners to facilitate successful closings for multiple commercial and corporate lending lines of business.
Line of Business Job Description:
Global Credit Operations: Responsible for the fulfillment, servicing and protection of credit offerings for business banking, Global Wealth & Investment Management (GWIM), commercial and corporate clients as well as leasing and trade products. Syndicated and Corporate Lending Document Administrators manage closings, funding, and booking for syndicated lending transactions where Bank of America is the administrative agent. This role also manages the incoming and outgoing payments required from the Borrower and Lenders and books the new commitment, amendment, or restructure updates in the Loan IQ system of record. This role works closely with Client Manager, Credit and Portfolio Officers, Agency Management, Internal and External Legal Counsel and many internal operational support units to ensure seamless execution of transactions.
Responsibilities:
- Ensures that loan documentation and lien perfection meets bank policies and procedures and that work product is delivered in an accurate and timely manner
- Reviews the loan approval and loan documents prepared by counsel to ensure consistency and adherence to requirements
- Completes primary financial booking and initial loan funding
- 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 execution of transactions
Required Qualifications:
- 2+ years of experience with commercial lending or Loan IQ (system of record)
- Familiarity with commercial credit or commercial loan terminology
- Experience with reading, interpreting, and analyzing complex legal documentation such as credit agreements, and amendments
- Highly organized, proactive, and able to plan, prioritize and manage deliverables
- Strong written and verbal communication skills; able to target messaging to different audiences
- Effective problem-solving skills
- Proficient computer skills, including Windows, Excel, Word, and Outlook
- Can work independently while balancing early escalation to ensure seamless closing
- Adapts well to a quickly evolving environment
Desired Qualifications:
- Syndicated loan experience
- Legal, finance, accounting, or mathematical background
- Bachelor’s degree or equivalent loan administration experience
Skills:
- Attention to Detail
- Business Acumen
- Customer and Client Focus
- Due Diligence
- Prioritization
- Adaptability
- Data Collection and Entry
- Oral Communications
- Research
- Written Communications
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)
Pay and benefits information
Pay range
$30.25 - $44.27 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
This role is currently benefits eligible. 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.
