Document Administrator III – Syndicated & Corporate Lending Position Available In Mecklenburg, North Carolina
Tallo's Job Summary: This Document Administrator III role in Syndicated & Corporate Lending at Bank of America involves preparing and reviewing complex documentation to facilitate closings and ensure lien perfection. Responsibilities include collaborating with various stakeholders, ensuring accurate and timely work products, and managing loan approvals. Qualifications include 2+ years of commercial lending experience, familiarity with legal documents, and strong communication skills. The position requires adaptability, problem-solving abilities, and proficiency in computer applications. This full-time role operates during 1st shift with 40 hours per week.
Job Description
Job Description:
Job Description:
At Bank of America, we are guided by a commonpurpose to help make financial lives better through the power ofevery connection. Responsible Growth is how we run our company andhow we deliver for our clients, teammates, communities andshareholders every day.
One of the keys to driving ResponsibleGrowth is being a great place to work for our teammates around theworld. We’re devoted to being a diverse and inclusive workplace foreveryone. We hire individuals with a broad range of backgrounds andexperiences and invest heavily in our teammates and their familiesby offering competitive benefits to support their physical,emotional, and financial well-being.
Bank of America believes bothin the importance of working together and offering flexibility toour employees. We use a multi-faceted approach for flexibility,depending on the various roles in our organization.
Working at Bankof America will give you a great career with opportunities tolearn, grow and make an impact, along with the power to make adifference. Join us!
Job Description:
This job is responsible forpreparing and reviewing documentation in accordance with the bank’spolicies and procedures to facilitate closings with the client andensure lien perfection. Key responsibilities include working onhighly complex documentation, supporting Loan Administrators withtheir primary responsibilities, and assisting the Market Leader indirecting workflow and performing quality assurance. Jobexpectations include working with company vendors, legal counsel,line partners, and clients to ensure world class documentationaccuracy.
Line of Business Job Description:
Syndicated and CorporateLending Document Administrators lead the pre-closing and closingprocess for Corporate and Commercial lending units, includingSyndicated, Participation-Bought and Direct Credit Facilities.
Acting as the loan closer, the Document Administrator isresponsible independently reviewing the loan approval and loandocuments prepared by counsel to ensure consistency and adherenceto requirements. Additionally, the loan closer manages the incomingand outgoing payments required from the Borrower and Lenders andbooks the new commitment, amendment, or restructure updates in theLoan IQ system of record. This role works closely with ClientManager, Credit and Portfolio Officers, Agency Management, Internaland External Legal Counsel and many internal operational supportunits to ensure seamless execution of transaction. DocumentAdministrators demonstrate time schedule flexibility to accommodatedeal closing requirements.
Responsibilities:
Ensures that loan documentation and lien perfection meets bankpolicies and procedures and that work products are delivered in anaccurately and timely manner Leads documentation, due diligence and collateral perfection,and monitoring of loan documentation for a specific marketsegment Reviews documents for accuracy, timely delivery, and necessaryresearch requirements to ensure documentation reflects theappropriate transactional information and elimination ofcontrollable rework Reviews the loan approval and loan documents prepared bycounsel to ensure consistency and adherence to requirements Designs a robust filing and organizational process to assist incompleting primary financial booking and initial loan funding Works closely with Client Managers, Credit and PortfolioOfficers, agency management, internal and external legal counsel,and many internal operational support units to ensure seamlessexecution of transactions
Required Qualifications:
2+ years of experience with commercial lending Familiarity with commercial credit or commercial loanterminology Experience with reading, interpreting, and analyzing complexlegal documentation such as credit agreements, and amendments Highly organized, proactive, and able to plan, prioritize andmanage deliverables Strong written and verbal communication skills; able to targetmessaging to different audiences Effective problem-solving skills Proficient computer skills, including Windows, Excel, Word, andOutlook Can work independently while balancing early escalation toensure seamless closing Adapts well to a quickly evolving environment
DesiredQualifications:
Syndicated loan experience Finance, accounting, or mathematical background Experience with LoanIQ Bachelor’s degree or equivalent loan administrationexperience
Skills:
Attention to
Detail Business Acumen Customer and Client Focus Due Diligence Prioritization Adaptability Data Collection and Entry Oral Communications Research Written CommunicationsMinimum Education Requirement:
HighSchool Diploma / GED / Secondary School or equivalent workexperience
Shift:
1st shift (United States of America)
Hours Per Week:
40
