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Bank of America
Charlotte, North Carolina, United States
(on-site)
Posted
12 hours ago
Bank of America
Charlotte, North Carolina, United States
(on-site)
Job Function
Financial Services
Credit Support Associate I - Global Wealth & Investment Management
The insights provided are generated by AI and may contain inaccuracies. Please independently verify any critical information before relying on it.
Credit Support Associate I - Global Wealth & Investment Management
The insights provided are generated by AI and may contain inaccuracies. Please independently verify any critical information before relying on it.
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 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 assisting with tasks related to the credit process. Key responsibilities include assisting risk activities including, monitoring financial reporting, coordinating the 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 such as ordering pay-off letters
- Assists in risk management by clearing collateral exceptions to reduce the bank's legally binding exposure
- Engages in timely and accurate deal coordination 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
Required Qualifications:
- 12+ months of experience with a working knowledge of financial institutions' credit policies, procedures, and guidelines
- Proficiency with MS Office Applications with emphasis on Excel and Word
- Well organized and able to work independently with minimal management oversight
- Manage multiple assignments simultaneously and meet deadlines
- Prioritize numerous time sensitive and business critical activities
- Ability to build partnerships across the organization
Skills:
- Customer and Client Focus
- Issue Management
- Prioritization
- Written Communications
- Attention to Detail
- Collaboration
- Collection Management
- Oral Communications
- Adaptability
- Customer Service Management
- Planning
- 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
Job ID: 83237341
Investing in our teammates’ wellness and long-term career growth.
Bank of America has always been the bank of opportunity for our shareholders, our clients and customers, our communities and our teammates.
We’re committed to connecting our nation’s military to the training, education and resources that put them on the path to financial stability. We employ thousands of veterans and military spouses. Building on that, since 2014 we have hired more than 10,000 service members. We also finance and partner with organizatio...
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