Description

Job Description:

About Us

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Global Business Services

Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.

Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.

In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.

Process Overview

The team supports the Small Business Spreading client segment. The process involves financial due diligence by analyzing and reclassifying financial statements of new and existing Lines of Credit & Term Loan for corporate borrowers in accordance with the bank's credit risk policy for determining the borrower credit worthiness & debt service capacity. The process requires retrieval of financial statements/other related credit documents from the Bank's document storage system and conduct enhanced due diligence for loan decisioning.

Job Description

The ideal candidate would be someone who has prior experience of managing team, apart from having deep domain knowledge of accounting and analysis of financial statements. The candidate requires to collaborate easily and effectively with the team and stakeholders to ensure resources with right skill sets are on-boarded, trained, monitored on regular basis. The candidate should also be able to balance workload of the team in consultation with leads from other Spreading processes.

Responsibilities

• Ensure high level of compliance with key performance indicators - quality and timeliness for the process, among others
• Ensure timely follow up and closure of identified issues with the Line Of Business (LOB) partners
• Work with various stakeholders to understand and resolve queries, manage escalations, and implement process enhancements
• Identify continuous improvement opportunities within the process - Identify and implement industry best practices
• Creating MIS reports and tracking various KPIs & KRIs of the team to improve Critical To Quality data
• Identify hiring needs and recruitment; identify skill set requirements and training needs
• Provide strategic and tactical direction to the team - mentoring and coaching
• Work with stakeholders, identify business requirements and strive towards meeting the business needs
• Invest and develop next level leadership in terms of domain and tools
• Monitor and track quality metrics and work towards continuous improvement, standardization, optimization
• Conduct deep-dive meeting with team and understand process issues and guide the team

Requirements

• Education - Post Graduation/ MBA in Finance

• Certifications If Any - Commercial Lending, Financial Analysis and Report Writing

• Experience Range- 12 + years of work experience in people manager role. Experience in Credit Analysis will be an advantage.

Mandatory skills

• Strong analytical and numerical abilities
• Good oral/written communication skills
• Strong knowledge and understanding of financial statements
• Knowledge of accounting standards, particularly US GAAP
• Stakeholder management skills
• Strategic thinking
• People management skills
• Operational excellence

Desired skills

• Knowledge of IFRS/GAAP Accounting standards
• Working knowledge of Power Point, Excel
• Demonstrate ability to work in a high-pressure environment
• Takes initiative and challenges existing processes and procedures in a proactive manner
• Strong team player
• Ability to analyze issues independently and derive solutions
• Analytical skills

Work Timings

7:30 AM - 8:30 PM: Flexible

Job Location Mumbai