Bank of America
Job Description:
Enterprise Job Description:
Responsible for ensuring on-going lien position of loan collateral for more complex loans. Monitors system of record ticklers for upcoming expirations of UCCs and insurance policies and other time sensitive expiring collateral related items and acts to extend or obtain renewals of the items prior to their expiration. Maintains ticklers on systems of record for these items. Acts to resolve exceptions related to items that have expired or lapsed. Processes releases of collateral and loan documents for loans that have been repaid. Provides direction and guidance to more junior associates.
Line of Business Job Description:
Associates on the Document Retention team are responsible for ensuring the integrity and safeguarding of the credit and collateral files received at the bank. Team is required to import, index and maintain data and documents accurately and efficiently. Associates will be expected to learn the necessary systems and technology needed to upload, file and update sensitive bank documentation.
Responsibilities will also include the following:
Legal documentation and compliance review
Interfiling of new material
Completing inventory of existing files
Archiving and purging of outdated data
Tracking information and controlling file access
Processing and scanning documentation
Data entry
The associate will become proficient in research processes and in the application of wholesale credit and legal terminology as this is a critical role in the Credit Fulfillment process.
Required Skills:
Self-starter committed to a team first, fast paced environment
Commitment to producing results that adhere to Bank of America’s core ethics and values
Ability to manage multiple tasks with varied scope and complexity
Basic Microsoft Office knowledge
Must be able to lift 30 lbs.
Must work in the office
Desired Skills:
Knowledge of industry standard files
1+ years of financial or mortgage documentation
College degree”
Other Qualifications:
Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
Excels in working among diverse viewpoints to determine the best path forward
Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner
Commitment to challenging the status quo and promoting positive change.
Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world
Job Band:
H7
Shift:
1st shift (United States of America)
Hours Per Week:
40
Weekly Schedule:
Referral Bonus Amount:
0