Document Administrator III - Syndicated & Corporate Lending

Bank of America

3.2

(114)

Charlotte, NC

Why you should apply for a job to Bank of America:

  • 57% say women are treated fairly and equally to men
  • 74% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • A competitive benefits and programs have earned us recognition by Working Mother magazine for more than 30 years.
  • Employee Financial Services offers U.S. employees financial education and special access to financial products, services and expertise.
  • Offers comprehensive domestic partner benefits to U.S. employees and incorporate sexual orientation into non-discrimination policies.
  • #JR-24047994

    Position summary

    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:

    • Syndicated loan experience

    • Finance, accounting, or mathematical background

    • 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 experience

    Shift:
    1st shift (United States of America)

    Hours Per Week:
    40

    Learn more about this role

    Why you should apply for a job to Bank of America:

  • 57% say women are treated fairly and equally to men
  • 74% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • A competitive benefits and programs have earned us recognition by Working Mother magazine for more than 30 years.
  • Employee Financial Services offers U.S. employees financial education and special access to financial products, services and expertise.
  • Offers comprehensive domestic partner benefits to U.S. employees and incorporate sexual orientation into non-discrimination policies.