Job Description:
About Us
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
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Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Global Business Services
Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.
Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.
In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.
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Process Overview
EMEA Loan Operations team provides operational and administrative support by booking & amending facilities, on Bilateral & syndicated loans agented by different banks/financial institutions. Loan IQ is the system of record for processing all transactions, depending upon the type of deal. Key transactions processed through Loan IQ platform include advances, principal/interest/fee payments, rollovers, rate sets & conversions.
Job Description
This role requires a subject matter expert with 5-7 years in Servicing Syndicated and Direct Deals in LIQ. Should have good understanding of payments and loan cycle to process transactions on system, investigate and escalate. Willing to learn, and work on activities/projects as assigned. Should be able to work in team with a good sense of accountability and lead by action.
Responsibilities
• Validating payment instructions/ notices and release advances/wires to clients & Agent Banks on Loan IQ
• Manage periodic rate changes, rollovers, advances, payments, conversions
• Update system of record with basic request type and customer details
• Reconciliation of financial breaks, understanding of GL postings and past dues
• Partner with teams, share business understanding and drive change management initiatives.
• Preparing routine metric reports, end of day checks etc.
• Identify and escalate issues or controls gaps in existing infrastructure
• Have innovative approach to work and continuously identify and highlight process improvements
• SLA and Metrics Management
• Workflow Allocation Management
Requirements
Education
B.Com, M.Com, MBA finance
Experience Range
3-7 years above
Foundational skills
Accounting, Credit services, Syndicated loans
Loan IQ.
Desired skills
Any certification related to Banking, Lending and Credit fundamentals
Work Timings
12.30pm - 9.30pm
Job Location*
Hyderabad