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Document and Accounting Administrator III - Global Operations

Charlotte, North Carolina;Chicago, Illinois; Riverside, Rhode Island; Atlanta, Georgia

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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 a diverse and 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.

At Bank of America, you can build a success 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. l career with opportunities to learn, grow, and make an impact. Join us!

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:

Previous Accounting Operations experience

Minimum 3 yrs. direct accounting experience

Ledger entries

Financial Analysis and reporting

Problem Solving

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 Windows, Word and Outlook

Proficient in Microsoft Excel

Highly organized, detail oriented, proactive, and ability to multitask

Ability to work well in team environment

Comfortable interacting with FLU and Finance teams

Desired Skills:

Bachelor’s degree or Accounting experience preferred

EPM/eLedger

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

Minimum Education Requirement:

Associate Degree in Accounting/Finance

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) .

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.