Credit Services Representative II [Canada]

 

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Job Description:

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. In Canada, Bank of America has a strong market position on which to continue to build, as well as a clear commitment to the market.

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. Support processing of credit facility transactions into the system of record and workflow tools with quality control validations. Ensures all communication occurs timely and accurately. Monitor assigned credit facilities and loan accounts to ensure loan funding's, repayments, interest and fees comply with credit agreements, loan documentation, lender or borrower instructions, internal procedures, and approvals. Monitor and action past dues and reconciliation exceptions. May assist managers in performing quality assurance. The successful applicant will have a basic understanding of credit-related products and credit documentation.

Responsibilities

• 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, such as control reporting and records filing

Qualifications

• University degree with preference to finance or math and superior academic achievement

• Strong analytical and problem solving skills

• Basic knowledge of Corporate and Commercial loan servicing and legal credit agreements is an asset

• Attention to detail and ability to accurately act on detailed instructions under pressure

• Proficient in Microsoft Office (Word, Excel, PowerPoint)

• Participate in and support collaborative efforts to advance tools and technology enhancements

• Ability to work independently as well as in a team environment

• Excellent communications and organizational skills

• Ability to manage multiple tasks and flexibly adapt in a fast paced and challenging environment adjusting to evolving business needs

Additional Qualifications

• Strives to bring critical thinking and ideas that drive accuracy, efficiency, 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

• Ability to work overtime, as needed

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.

Job Band:

H6

Shift:

Hours Per Week:

37.5

Weekly Schedule:

Referral Bonus Amount:

0

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