Jobs · Finance · Florida

Loan Administrator II

Bank of America · Jacksonville, FL · Yesterday
FinanceFull-time

Maintaining Collateral

  • Maintains data accuracy and completes all collateral processes timely
  • Receives incoming loan files and reviews for compliance with bank and federal guidelines
  • Maintains relationships with Relationship Administrators to ensure efficient and high-quality loan processing
  • Reviews insurance adequacy, monitors evidence of insurance, and maintains and/or releases lien position for collateral

Responsibilities

  • Gives technical advice and guidance to business units and interdisciplinary teams on projects
  • Maintains systems of record for continued monitoring of collateral and insurance
  • Promotes collaboration and communicates with impact; learns and adapts quickly; holds self and others accountable for high performance standards

Line of Business

  • Supports multiple lines of business with the timely and accurate release of commercial loan collateral including but not limited to real estate, UCCs, vehicle liens and life insurance
  • Conducts in-depth due diligence of Bank collateral utilizing systems of record (SoR) and through review of legal loan documentation
  • Accurately prepares and validates lien releases, ensuring proper workflow approvals, and communicates with internal and external clients
  • Updates SoR and ensures collateral release completion through jurisdictional entities

Qualifications

  • Must have credit agreement or legal documentation knowledge
  • Must have previous banking experience (minimum 1 year)
  • Ability to work independently with little management supervision
  • Exceptional communication skills (both verbal and written)

Desired Qualifications

  • Experience with LoanIQ
  • Experience with CreditCenter

Skills

  • Knowledge of commercial loan documentation and loan accounting systems
  • Experience preparing real estate, UCC, or other collateral documents
  • Excellent verbal and written communication skills
  • Ability to communicate professionally with internal and external clients
  • Well organized and efficient; adept at multitasking in a fast-paced environment
  • Proficiency with Microsoft Office, with focus on Word and Excel

Benefits

Shift: 1st shift (United States of America)

Hours Per Week: 40

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