Bank of America Careers – Team Developer

Job Description:

Look to perform Input all the Servicing/Settlement activities.
Setting up new credit arrangements and loans to ensure timely funding of borrowing requests.
Manage periodic rate changes, rate rollovers, advances, billing, conversions, fee, letter of credit activity and other inquiries.
Serve as primary point of contact for request related to administration of large corporate credits.
Responsible for accurate data input to various ancillary credit or operating systems is required e.g.
ACBS/Loan Runner, GIN, Cash Manager and Right fax.
Position requires proficiency with numbers to ensure accurate loan commitment, interest; fee and principal payments are recorded. Manage escalations and ensure time resolution to avoid any financial and reputational risks.
Should have understanding of secondary loan trading market. Ensure that all intraday and end of day checklists are maintained correctly and sign-off to confirm completion of tasks.
Undertake necessary steps to ensure that any required reporting requests are fulfilled.
Loan servicing & Settlements administration with a good working knowledge of ACBS/Loan IQ / similar platform for a loan servicing or settlement process. Organized, efficient, self managed in key areas. Able to work under pressure & tight deadlines

Job Responsibilities:

• Update Manager on process performance and critical people issues
• Develop back up and contingency plans
• Act as a change agent and provide implementation assistance as and when the need arises
• Ensure that all audit and processing audit processes and methodologies are followed and documented
• Undertake necessary steps to ensure that any required reporting requests are fulfilled
• Review daily key operational variables
• Provide subject matter expertise on processes
• Responsible for ensuring that all payment instructions received by the team are efficiently and correctly processed to ensure that payments reach clients with good value
• Liaise with US Operations area for books and cash movements
• Look to input/verify trade instructions received from LOB into ACBS/Cash Manager/Loan Runner. Ensure timely settlement of these instructions with relevant monitoring & updating of outstanding Trades
• Ensure that all intraday and end of day checklists are maintained correctly and sign-off to confirm completion of tasks
• Adherence to the SLA’s – productivity, turn-around-time, and accuracy

Job Requirement:

• Education : Graduation
• Certifications If Any
• Experience Range : 3-5 years
• Foundational skills
• Good Communication Skills
• Knowledge of Loan Syndication Secondary Market
• Desired skills
• Good to advanced knowledge of MS EXCEL
• Knowledge of Loan IQ application, ACBS/Renaissance, Clear Par, GIN, Cash Manager and Right fax.

Job Details:

Company: Bank of America

Vacancy Type:  Full Time

Job Location: Gurugram, Haryana, IN

Application Deadline: N/A

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