Syndicated Transaction Coordinator

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. 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.

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!

Job Description: Syndicated and Corporate Lending Relationship Administrators lead the pre-closing and closing process for Corporate and Commercial lending units, including Syndicated, Participation-Bought and Direct Credit Facilities. Acting as the loan closer, the Relationship Administrator is responsible for independently reviewing the loan approval and loan documents prepared by counsel to ensure consistency and adherence to requirements. Additionally, the loan closer manages the incoming and outgoing payments required from the Borrower and Lenders and books the new commitment, amendment, or restructure updates in the Loan IQ system of record. This role works closely with Client Manager, Credit and Portfolio Officers, Agency Management, Internal and External Legal Counsel and many internal operational support units to ensure seamless execution of transaction. Relationship Administrators demonstrate time schedule flexibility to accommodate deal closing requirements.

Responsibilities:

• Leads execution of complex Syndicated Transactions where Bank of America is Agent.
• Contributes to the development and training of junior associates.
• Responsible for independently reviewing the loan approval and loan documents prepared by counsel to ensure consistency and adherence to requirements.
• Manages the incoming and outgoing payments required from the Borrower and Lenders and books the new commitment, amendment, or restructure updates in the Loan IQ system of record.

Required Skills:

• Can read, interpret, and analyze complex legal documentation such as credit agreements, and amendments.
• Familiarity with commercial credit or commercial loan terminology.
• 2+ years of experience with commercial lending including Syndicated Loan environment.
• Experience with booking within LoanIQ (Loan IQ).
• Experience with reallocations, share adjustments, client fundings, creating manual funding notices or funds flow in the commercial lending space.
• Attention to Detail: the ability to meticulously review and verify loan documents for accuracy with regulatory standards.
• Finance, accounting, or mathematical background.
• Strives to bring new thoughts and ideas to teams to drive innovation and unique solutions.
• 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.

Desired Skills:

• Adapts well to a quickly evolving environment.
• Prioritization: can work independently while balancing early escalation to ensure seamless closing.
• Risk Management: Understanding of risk assessment and mitigation within the context of corporate lending.
• Oral Communications: strong written and verbal communication skills; able to target messaging to different audiences.
• Data Analysis: Analytical skills for evaluating financial data and reports.
• Effective problem-solving skills
• Recording/Organizing Information
• Relationship Building
• Financial Analysis
• Data Management
• Legal Structures and Legal Forms
• Regulatory Compliance

Minimum Education Requirement: Bachelor’s degree or equivalent loan administration experience preferred

Shift:

Hours Per Week: