Job Details

ID #52764981
Estado Texas
Ciudad Plano
Full-time
Salario USD TBD TBD
Fuente Bank of America
Showed 2024-10-25
Fecha 2024-10-25
Fecha tope 2024-12-23
Categoría Etcétera
Crear un currículum vítae
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Document Administrator III - Syndicated & Corporate Lending

Texas, Plano, 75023 Plano USA
Aplica ya

Document Administrator III - Syndicated & Corporate LendingCharlotte, North Carolina;Plano, TexasJob Description: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!Job Description:This job is responsible for preparing and reviewing documentation in accordance with the bank's policies and procedures to facilitate closings with the client and ensure lien perfection. Key responsibilities include working on highly complex documentation, supporting Loan Administrators with their primary responsibilities, and assisting the Market Leader in directing workflow and performing quality assurance. Job expectations include working with company vendors, legal counsel, line partners, and clients to ensure world class documentation accuracy.Line of Business Job Description:Syndicated and Corporate Lending Document Administrators lead the pre-closing and closing process for Corporate and Commercial lending units, including Syndicated, Participation-Bought and Direct Credit Facilities. Acting as the loan closer, the Document Administrator is responsible independently reviewing the loan approval and loan documents prepared by counsel to ensure consistency and adherence to requirements. Additionally, the loan closer 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 transaction. Document Administrators demonstrate time schedule flexibility to accommodate deal closing requirements.Responsibilities:

Ensures that loan documentation and lien perfection meets bank policies and procedures and that work products are delivered in an accurately and timely manner

Leads documentation, due diligence and collateral perfection, and monitoring of loan documentation for a specific market segment

Reviews documents for accuracy, timely delivery, and necessary research requirements to ensure documentation reflects the appropriate transactional information and elimination of controllable rework

Reviews the loan approval and loan documents prepared by counsel to ensure consistency and adherence to requirements

Designs a robust filing and organizational process to assist in completing 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

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 :

Finance, accounting, or mathematical background

Syndicated loan experience

Experience with LoanIQ

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

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent work experienceShift:1st shift (United States of America)Hours Per Week:40Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCPEEOSupplementFinalJRFQA508c.pdf) .View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.

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