Document and Accounting Administrator III - Global Operations

Job Description:

Global Credit Operations:Responsible for the fulfillment, servicing and protection of credit offerings for business banking, Global Wealth & Investment Management (GWIM), commercial and corporate clients as well as leasing and trade products
This job is responsible for preparing and reviewing documentation in accordance with the bank's policies and procedures to facilitate closings with the client and ensure lien perfection. Key responsibilities include working on highly complex documentation, supporting Loan Administrators with their primary responsibilities, and assisting the Market Leader in directing workflow and performing quality assurance. Job expectations include working with company vendors, legal counsel, line partners, and clients to ensure world class documentation accuracy.

This role is responsible for the core day-to-day operations functions for Community Development Banking (portfolio size is ~1200 partnerships, $14B). This includes funding and booking new deals, cash receipts, updating financial models, preparing journal entries, monitoring cash accounts, reconciliation support, leading and directing daily responsibilities for team. This position will also from time to time be engaged in the testing of the in-house accounting system CARMA (Commercial Asset Risk Management Application). Business partners include the FLU, Global Banking Controllers team, Business Finance officers, Global Business Services, internal/external Audit.

Responsibilities:

Reviews documents for accuracy, timely delivery, and necessary research requirements to ensure documentation reflects the appropriate transactional information and elimination of controllable rework

Reviews the loan approval and loan documents prepared by counsel to ensure consistency and adherence to requirements

Designs a robust filing and organizational process to assist in completing primary financial booking and initial loan funding

Works closely with Client Managers, Credit and Portfolio Officers, agency management, internal and external legal counsel, and many internal operational support units to ensure seamless execution of transactions

Serves as a point of contact on all investment related servicing matters for highly complex deals and delivers the highest level of service to the Line of Business and Finance while ensuring compliance with servicing agreements, government regulations, and the bank's policies with minimal supervision

Completes fundings, cash receipts and bookings daily and ensures communications are timely and accurate

Assists Equity Administrators and Asset Mangers with their primary responsibilities and helps in recording activities in the system of record and general ledger

Monitors, researches, and instructs payment processing for return of capital payments, disbursements, and fees

Prepares and posts journal entries on E Ledger and Oracle

Maintains reconciliation exceptions/aging within acceptable level

Responds to internal and external auditors on SOX key controls

Updates financial models using the in-house Accounting System, CARMA

Require Skills:

Minimum of 3 yrs. direct Accounting experience

Experience with General Ledger entries

Financial analysis and reporting

Proficient experience with Legal Structures and Legal Forms

Ability to prioritize and proactively manage responsibilities

Effective problem solving skills and ability to perform independent research

Excellent written and verbal communication skills

Proficient computer skills, including Microsoft Suit

Comfortable interacting with Front Line Unit and Finance teams

Desired Skills:

Bachelor’s degree in Accounting preferred

Commercial or asset based lending experience

eLedger

Prior experience with tax credit investments and/or real estate partnerships

Skills:

Problem Solving

Reporting

Communication, Written & Oral

Attention to Details

Organizational skills

Collaborative

Minimum Education Requirement:

Associate Degree in Accounting/Finance

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540), US - RI - Riverside - 3400 Pawtucket Ave - East Providence Call Center (RI1530)

Pay and benefits information

Pay range

$30.25 - $44.27 hourly pay, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.