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