Collateral Release Administrator

Welcome to Bank of America, a leading financial institution dedicated to helping our customers achieve their financial goals. We are currently seeking a Collateral Release Administrator to join our team. In this role, you will play a vital role in ensuring the timely release of collateral for our lending transactions. We are looking for a detail-oriented individual with strong analytical skills and a passion for delivering exceptional customer service. If you are looking for a challenging and rewarding career with a reputable company, we encourage you to apply for this position.

1. Facilitate the timely release of collateral for lending transactions for Bank of America customers.
2. Maintain accurate records and documentation of collateral releases.
3. Review and analyze loan agreements to ensure proper collateral release procedures are followed.
4. Communicate with customers and internal teams to gather necessary information and resolve any issues that may arise during the collateral release process.
5. Collaborate with other departments such as Legal, Risk Management, and Loan Servicing to ensure all necessary approvals and requirements are met for collateral release.
6. Stay updated on industry regulations and changes in collateral release processes to ensure compliance.
7. Proactively identify and escalate any potential risks or issues related to collateral release.
8. Provide exceptional customer service by responding to inquiries and concerns in a timely and professional manner.
9. Work closely with team members to streamline processes and improve efficiency in collateral release procedures.
10. Maintain confidentiality and adhere to data protection policies at all times.
11. Assist with special projects and initiatives related to collateral release as assigned by management.
12. Continuously seek opportunities for professional development and growth within the organization.

According to JobzMall, the average salary range for a Collateral Release Administrator is between $40,000 to $55,000 per year. However, salaries may vary depending on the specific industry, location, and level of experience. Some companies may also offer additional benefits such as bonuses, commission, and healthcare packages.

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and Legacy Assets and Servicing. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses.