Operations Analyst- GWIM Credit Operations

Posted Yesterday
Be an Early Applicant
Charlotte, NC
Entry level
Big Data • Fintech • Mobile • Payments • Financial Services • Data Privacy
The Role
The Operations Analyst is responsible for analyzing daily issues and providing solutions within a business unit. Key tasks include loan account reconciliation, transaction posting, exception processing, variance analysis, and general ledger entry preparation. The analyst will also monitor system rejections, assist with inquiries, and support the design and implementation of new processes.
Summary Generated by Built In

Job Description:

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:

This job is responsible for analyzing the day-to-day issues, researching, and providing resolution for various issues identified within a business unit. Key responsibilities include supporting defined procedures, routine analytics, and creating reports and completing exception processing.

Responsibilities:

  • Loan system account reconciliation
  • Day-to-day analysis, research and resolution of varied problems
  • Performing limited variance analysis at the request of finance partners
  • Posting of transactions to customer accounts 
  • Monitoring and clearing items rejected from systems and automated processes
  • Performing maintenance to customer accounts
  • Preparing and processing general ledger entries
  • Monitoring ticklers and taking appropriate action
  • Inputting and balancing batch work to the loan system
  • Provide specialized processing support
  • Answering ACD line to assist the line partners with issues and providing prompt service for resolution.
  • May assist in designing, documenting, implementing, and monitoring of new products/processes 
  • Provides guidance to associates within own unit regarding procedural, technical and/or operational changes

Desired Skills:

  • Understanding of credit structures, documentation and loan accounting principles
  • Monitoring, Surveillance, and Testing
  • Process Performance Management
  • Business Analytics
  • Reporting
  • Data Management
  • Policies, Procedures, and Guidelines Management
  • Process Design

Skills:

  • Attention to Detail
  • Customer and Client Focus
  • Research
  • Adaptability

Shift:

1st shift (United States of America)

Hours Per Week: 

40

The Company
HQ: Charlotte, NC
208,000 Employees
On-site Workplace
Year Founded: 1784

What We Do

We make financial lives better for our clients and our communities through the power of every connection. Our employees are at the heart of this purpose, and are key to driving responsible growth.

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

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