No experience
Employment Type:
Part time
Job Category:
Associate, Public Sector Banking (PSB) Credit
(This job is no longer available)
Bank of America | Los Angeles, CA
Grad Date

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Job Description

Job Description:

Municipal Credit Support Associate:

* Responsible for the end-to-end credit management process supporting PSB, partnering with Public Finance, Credit Product, and Client Management Teams. Acts as primary liaison with client, client team, and Credit Services, managing the facilitation of credit originations and renewals.
* Associate acts as a primary credit liaison between clients, client teams, and business partners through facilitating closing and renewal of commercial credit, including coordination of approvals, legal documentation, and engagement of appropriate business partners; monitoring credit compliance including resolution of documentation and collateral exceptions; timely follow-up of monitoring activities to ensure accurate assessment of operational and credit risk.
* Works directly with clients to ensure the timely collection of all required financial information; resolve documentation, collateral, past due exceptions and credit servicing problem resolution. Ensures data integrity in primary systems; GMS, AFS, ACBS, VV, GUS, etc. Deliver practical innovative resolutions to clients and business partners. Demonstrate the ability to balance portfolio management along with participation in work-groups. Successfully manages multiple priorities with minimal supervision or oversight.
* Responsibilities include managing a moderate to complex portfolio, ensuring adherence to Credit Policy, process, procedures and regulatory guidelines including GMS, Credit Risk, PMRC, etc. Demonstrates an understanding and adherence to policies, processes, guidelines, and applicable regulatory requirements.

Required Skills:

* Clear and concise verbal and written communication skills
* Sound judgment, logical reasoning and exhibits a strong drive for results
* Operate effectively in a virtual team environment across geographic boundaries
* Efficient organizational skills, time management and close attention to detail
* Can effectively collaborate/negotiate with business partners and teammates to foster solid partnerships, teamwork, creditability and trust
* Adaptability to continuous learning and process changes
* Self-starter
* Strong product and process knowledge
* Strong Microsoft-based computer application skills (Word, Excel, etc.)

Desired Skills:

* College degree in Finance or related field
* Portfolio management, loan servicing and support experience
* Knowledge of credit from Commercial LOB
* Familiar with financial statements as it relates to the approval of commercial loans
* Familiar with interpretation of legal documentation in support of commercial loans

Posting Date: 03/20/2019

Location: Los Angeles, CA, BANK OF AMERICA PLAZA, 333 S HOPE ST, - United States

Travel: No

Full / Part-time: Full time

Hours Per Week: 40

Shift: 1st shift

About Bank of America

Bank of America Corporation is a bank holding company. Through its banking subsidiaries (the Banks) and various non-banking subsidiaries throughout the United States and in selected international markets, Bank of America provides a diversified range of banking and non-banking financial services and products through three business segments: Global Consumer and Small Business Banking, Global Corporate and Investment Banking, and Global Wealth and Investment Management. The Company operates in 32 states, the District of Columbia and 30 foreign countries. In the United States, it serves 59 million consumer and small business relationships with 6,100 retail banking offices, 18,500 automated teller machines (ATMs) and 24 million active online users. It offers services in 13 states. In October 2007, it acquired ABN AMRO North America Holding Company. In July 2007, it acquired U.S. Trust Corporation. In July 2008, Bank of America acquired Countrywide Financial Corp.