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Loan Administrator II
Bank of America. Manage collateralized debt obligations and issue tracker reports to perfect, monitor, and release bank collateral .
Core Competencies
Role fitCore Competencies
Use this summary to align your resume positioning with the role.
Demonstrates expertise in managing collateralized debt obligations and loan documentation, ensuring compliance with banking regulations while maintaining accurate records. Proficient in communication and collaboration with internal and external stakeholders to support efficient loan processing.
Highest-signal resume keywords
Collateralized Debt Obligations ManagementLoan Documentation KnowledgeExperience with LoanIQProficiency in Microsoft OfficeBanking Experience
ATS Keywords
Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
Collateral BookingDue DiligenceReal Estate DocumentationUCC DocumentationLoan Accounting SystemsCompliance GuidelinesException TrackingLien Release PreparationInsurance MonitoringCredit Agreement Knowledge
Soft Skills
Exceptional Communication SkillsOrganizational SkillsMultitasking AbilityAdaptabilityCollaboration
Tools & Technologies
LoanIQCreditCenterMicrosoft WordMicrosoft Excel
Industry Keywords
BankingCollateral ManagementLoan ProcessingComplianceFinancial Regulations
About the role
Key responsibilities & impact- Manage collateralized debt obligations and issue tracker reports to perfect, monitor, and release bank collateral
- Maintain accurate collateral booking on the system of record
- Set up and standardize collateral files
- Prepare and review tickler and exception tracking data
- Review insurance adequacy and monitor evidence of insurance
- Maintain and/or release lien positions for collateral
- Receive incoming loan files and review them for compliance with bank and federal guidelines
- Maintain relationships with Relationship Administrators to support efficient, high-quality loan processing
- Provide technical advice and guidance to business units and interdisciplinary teams on projects
- Maintain systems of record for ongoing collateral and insurance monitoring
- Support timely and accurate release of commercial loan collateral, including real estate, UCCs, vehicle liens, and life insurance
- Conduct in-depth due diligence using systems of record and legal loan documentation
- Prepare lien releases, validate workflow approvals, communicate with internal and external clients, and update systems of record
- Work in a paperless environment and adhere to compliance guidelines
- Promote collaboration, communicate with impact, learn and adapt quickly, and uphold high performance standards
Requirements
What you’ll need- 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 verbal and written communication skills
- Experience with LoanIQ (desired)
- Experience with CreditCenter (desired)
- Knowledge of commercial loan documentation and loan accounting systems
- Experience preparing real estate, UCC, or other collateral documents
- 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, especially Word and Excel
- High School Diploma / GED / Secondary School or equivalent
Benefits
Comp & perks- Affordable, competitive and flexible benefits
- Support for teammates’ physical, emotional, and financial wellness
- Opportunities to learn, grow, and make an impact
- In-office culture supporting collaboration, engagement, and career development
- 1st shift schedule
- 40 hours per week