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Team Leader

NA, North Carolina, United States

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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.

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.

Process Overview

The team supports the Small Business Spreading client segment. The process involves financial due diligence by analyzing and reclassifying financial statements of new and existing Lines of Credit & Term Loan for corporate borrowers in accordance with the bank’s credit risk policy for determining the borrower credit worthiness & debt service capacity. The process requires retrieval of financial statements/other related credit documents from the Bank’s document storage system and conduct enhanced due diligence for loan decisioning.

Job Description

The ideal candidate would be someone who has prior experience of financial spreading, apart from having good domain knowledge of accounting and analysis of financial statements. The candidate requires to collaborate effectively with team members and stakeholders to ensure resources with right skill sets are on-boarded, trained, monitored on regular basis. The candidate would also be able to balance workload of the team in consultation with leads from other Spreading processes.

Responsibilities

+ Ensure high level of compliance with key performance indicators – quality and timeliness for the process, among others

+ Ensure timely follow up & closure identified issues with the Line Of Business (LOB) partners

+ Working with various stakeholders to understand and resolve queries, escalations, and process enhancements

+ Identify continuous improvement opportunities within the process to drive operational efficiencies

+ Assist in creation of MIS reports and tracking various KPIs & KRIs of the team

+ Monitor and track the quality metrics and work towards continuous improvement, standardization, optimization

Requirements

+ **Education -** Graduation (Commerce)/ Post Graduation/ MBA in Finance

+ **Certifications, If Any -** Commercial Lending, Financial Analysis & Report Writing

+ **Experience Range -** 5+ years of work experience

Foundational skills

+ Strong analytical and numerical abilities

+ Good oral/written communication skills

+ Strong knowledge and understanding of financial statements

+ Knowledge of accounting standards (US GAAP)

Desired skills

+ Knowledge of IFRS/GAAP accounting standards

+ Working knowledge of MS Power Point and Excel

+ Demonstrate ability to work in a high-pressure environment

+ Takes initiative and challenges existing processes and procedures in a proactive manner

+ Strong team player

+ Ability to analyze issues independently and derive solutions

Work Timings

+ 7:30 AM - 2:30 AM - Rotational

**Job Location** Mumbai

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.

View your **"Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) "** poster.

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.

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.