Job 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:
This job is responsible for leading the pre-closing and closing process on basic real estate commercial construction loans. Key responsibilities include reviewing loan approval and loan documents and ensuring consistency and adherence to requirements for loans among client managers, borrowers, counsels, construction consultants, and title companies. Job expectations include monitoring documentation requirements and exceptions, including interest and past dues, and managing the construction draw process.

Responsibilities:

Manages construction draw packages, identifies and helps resolve construction and title issues, keeps accurate records of detailed construction loan budgets and all sources of funds, including loan funds and non-loan sources of funds, and ensures loans are in balance

Leads servicing matters for deals and delivers the highest level of service to lenders, investors, borrowers, vendors, and Lines of Business while ensuring compliance with servicing agreements, government regulations, and the bank's policies with minimal supervision

Coordinates fundings as needed and ensures communications are timely and accurate

Performs payoff quotes and related calculations including prepayment calculations

Facilitates the direction of workflow and performance of quality assurance activities

Performs monitoring, research, and the instruction of payment processing for borrower payments, disbursements, and fees and collects appropriate fees due from the lender or servicer

Maintains past due principal, interest, and fees as well as reconciliation exceptions within acceptable levels

Required Qualifications:

Has two or more years of commercial real estate loan administration experience

Familiarity with commercial credit or commercial loan terminology

Experience with reading, interpreting, and analyzing complex legal documentation such as credit agreements, and amendments

Highly organized, proactive, and able to plan, prioritize and manage deliverables

Strong written and verbal communication skills; able to target messaging to different audiences

Effective problem-solving skills Proficient computer skills, including Windows, Excel, Word, and Outlook

Can work independently while balancing early escalation to ensure seamless closing Adapts well to a quickly evolving environment.

Desired Qualifications:

Finance, accounting, or mathematical background experience with LoanIQ, ACBS, or similar booking platform

Funding experience payments/advances to commercial loan clients

Bachelor’s degree or equivalent loan administration experience

Skills:

Adaptability

Prioritization

Problem Solving

Recording/Organizing Information

Data Collection and Entry

Financial Analysis

Oral Communications

Relationship Building

Written Communications

Data Management

Legal Structures and Legal Forms

Regulatory Compliance

Result Orientation

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

Hours Per Week: