Municipal Credit Support Analyst

Bank of America

3.2

(114)

Multiple Locations

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-25025597

    Position summary

    ness. Associate will manage a portfolio of complex credits, ensuring overall adherence to Credit, Regulatory and Procedural Policies and Guidelines, and an understanding of these guidelines as they relate to the Municipal Banking business. Partnering with Credit Products, Finance, Operations and the client, the associate will facilitate closings and renewal of commercial credit including coordination of approvals, review of legal documentation, engagement of business partners, and monitoring credit compliance as well as resolution of portfolio exceptions and ensuring overall accuracy.

    Additionally, the associate works directly with clients to ensure the timely collection of all required financial information, and completes required monitoring activities including the completion of spreads, covenant tests, annual and interim reviews, MCDCs and assisting Credit Products team with market research.

    Within the scope of activities, the associate will ensures data integrity in primary systems; Global Monitoring System, LoanIQ, Electronic Data Repository, and Global Underwriting System, and deliver practical innovative solutions to clients and business partners. They will demonstrate the ability to balance portfolio management along with participation in work-groups. Successfully manages multiple priorities with minimal supervision or oversight.

    Required Skills:

    • Clear and concise verbal and written communication skills

    • Sound judgment, logical reasoning and exhibits a strong drive for results

    • Operate effectively in a virtual team environment across geographic boundaries

    • Efficient organizational skills, time management and close attention to detail

    • Can effectively collaborate/negotiate with business partners and teammates to foster solid partnerships, teamwork, creditability and trust

    • Adaptability to continuous learning and process changes

    • Self-starter

    • Strong product and process knowledge

    • Strong Microsoft-based computer application skills (Word, Excel, Outlook etc.)

    Desired Skills:

    • College degree in Finance or related field

    • Portfolio management, loan servicing and support experience

    • Knowledge of credit from Commercial Line of Business

    • Familiar with financial statements as it relates to the approval of commercial loans

    • Familiar with interpretation of legal documentation in support of commercial loans

    • Knowledge of Municipal Banking Credit Products

    Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

    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.