Job Description
Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description
Primary responsibility is to serve as loan servicing point of contact for assigned Borrowers and Lenders on moderately complex Corporate and Commercial deals. With some supervision, deliver the highest level of service to agents, lenders, borrowers, and internal business units while ensuring compliance with credit agreements, government regulations and policies/procedures. The successful applicant will have a basic understanding of credit-related products and credit documentation.
Responsibilities
Provides unit business support and acts as workflow coordinator on client and agent loan transaction requests and other support tasks
Support processing credit facility transactions into workflow tools and the system of record with quality control validations and adherence to policies, procedures, control reporting routines and control metric thresholds
Ensures all communication and loan transaction notices are processed timely and accurately
Monitor assigned credit facilities and loan accounts to ensure loan fundings, repayments, interest and fees comply with credit agreements, loan documentation, lender or borrower instructions, internal procedures, and approvals
Monitor, research, and action past dues and reconciliation exceptions
Assist managers on various quality assurance routines/reviews
Service loan requirements for a global and regional corporate and commercial credit portfolio, acting in agency, participant and sole lender roles
Support the processing and reconciliation of loan accounting entries, commitment and loan records, loan statements, interest and fee billings, and wire accounts
Review and adhere to credit legal documentation, corporate documents and policies and procedures
Monitor/Support administrative duties, including control reporting and records filing
Work flexibility, including overtime, weekends and statutory holidays
Qualifications
University degree with preference to math or finance
Basic knowledge of Corporate and Commercial credit products, loan servicing, payments, LIQ/credit systems and legal credit agreements is an asset
Strong analytical, problem solving, and time management organizational skills
Ability to consistently act on detailed instructions with accuracy and under time pressures/deadlines
Able to perform well both independently and in a cross functional team environment with active leadership skills
Supports collaborative efforts to advance process designs, tools, and technology enhancements
Ability to multi-task and adapt in a fast paced and challenging environment with evolving business needs
Ability to adapt and adhere to policies and procedures
Proficient in Microsoft Office (Word, Excel, PowerPoint)
Skills
Attention to Detail
Attention to Policies, Procedures and Metric Thresholds
Customer and Client Focus
Data Collection and Entry
Recording/Organizing Information
Adaptability
Analytical Thinking
Issue Management
Oral Communications
Written Communications
Collaboration
Legal Structures and Legal Forms
Prioritization
What Bank of America Offers
Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.
Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.
Bank of America is an Equal Opportunity Employer.
Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description
Primary responsibility is to serve as loan servicing point of contact for assigned Borrowers and Lenders on moderately complex Corporate and Commercial deals. With some supervision, deliver the highest level of service to agents, lenders, borrowers, and internal business units while ensuring compliance with credit agreements, government regulations and policies/procedures. The successful applicant will have a basic understanding of credit-related products and credit documentation.
Responsibilities
Provides unit business support and acts as workflow coordinator on client and agent loan transaction requests and other support tasks
Support processing credit facility transactions into workflow tools and the system of record with quality control validations and adherence to policies, procedures, control reporting routines and control metric thresholds
Ensures all communication and loan transaction notices are processed timely and accurately
Monitor assigned credit facilities and loan accounts to ensure loan fundings, repayments, interest and fees comply with credit agreements, loan documentation, lender or borrower instructions, internal procedures, and approvals
Monitor, research, and action past dues and reconciliation exceptions
Assist managers on various quality assurance routines/reviews
Service loan requirements for a global and regional corporate and commercial credit portfolio, acting in agency, participant and sole lender roles
Support the processing and reconciliation of loan accounting entries, commitment and loan records, loan statements, interest and fee billings, and wire accounts
Review and adhere to credit legal documentation, corporate documents and policies and procedures
Monitor/Support administrative duties, including control reporting and records filing
Work flexibility, including overtime, weekends and statutory holidays
Qualifications
University degree with preference to math or finance
Basic knowledge of Corporate and Commercial credit products, loan servicing, payments, LIQ/credit systems and legal credit agreements is an asset
Strong analytical, problem solving, and time management organizational skills
Ability to consistently act on detailed instructions with accuracy and under time pressures/deadlines
Able to perform well both independently and in a cross functional team environment with active leadership skills
Supports collaborative efforts to advance process designs, tools, and technology enhancements
Ability to multi-task and adapt in a fast paced and challenging environment with evolving business needs
Ability to adapt and adhere to policies and procedures
Proficient in Microsoft Office (Word, Excel, PowerPoint)
Skills
Attention to Detail
Attention to Policies, Procedures and Metric Thresholds
Customer and Client Focus
Data Collection and Entry
Recording/Organizing Information
Adaptability
Analytical Thinking
Issue Management
Oral Communications
Written Communications
Collaboration
Legal Structures and Legal Forms
Prioritization
What Bank of America Offers
Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.
Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.
Bank of America is an Equal Opportunity Employer.
Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.
💡 Quick Summary
Seeking a career-building opportunity? The Credit Services Rep III position is now open for candidates interested in the Bank Jobs sector. This role in Toronto offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.