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:

Look to perform Input/04 eye checks of all the Loan Trade Settlement activities. Manage FED Wire Payments/Receipts, Settle/Book trades in system of record, Reconciliation of cash breaks, Payment investigations, RDS SSI set ups, Journal Entry Processing/Approvals, Principal Paydowns and other inquiries.

Setting up new credit arrangements and loans to ensure timely funding of borrowing requests.

Manage Advance Disbursements, Pro-rata calculations, Loan conversions, Assignment fees, Delayed comp are correctly recorded and other inquiries.

Serve as primary point of contact for request related to administration of large corporate credits.

Responsible for accurate data input to various ancillary credit or operating systems is required e.g. ACBS/Loan Runner, GIN, Loan IQ, Cash Manager & Bank Funds Transfer.

Position requires proficiency with numbers to ensure accurate loan commitment, interest; fee and principal payments are recorded. Manage escalations and ensure time resolution to avoid any financial and reputational risks.

Should have understanding of secondary loan trading market. Ensure that all intraday and end of day checklists are maintained correctly and sign-off to confirm completion of tasks.

Undertake necessary steps to ensure that any required reporting requests are fulfilled.

Loan Settlements/Servicing administration with a good working knowledge of BFT/ACBS/Loan IQ /Cash Manager/ATCS similar platform for a loan servicing or settlement process. Organized, efficient, self-managed in key areas. Able to work under pressure & tight deadlines