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Operations Analyst

Company: Bank of America
Location: Richardson
Posted on: January 10, 2022

Job Description:

Job Description:Enterprise Overview:Responsible for the day-to-day analysis, research and resolution of varied problems. Functions include administering defined procedures, analysis and report generation, and exception processing. Coordinates the implementation of products/services and operational solutions. May assist in designing, documenting, implementing, and monitoring of new products/services. Provides guidance to associates within own unit regarding procedural, technical and/or operational changes. Incumbents have full working knowledge of operations environment acquired through experience in an operations environment and on the job training. Individuals typically have 2 to 4 years of experience. Responsibilities:Account Receivable and Inventory analysis supporting Asset Based Lending loan portfoliosDetermine eligible client collateral in accordance with Credit AgreementReview and understand client trends in relation to Accounts Receivable, Accounts Payable and Inventory collateral levelsIdentify and escalate potential risk items in client loan support documentationEffectively communicate analysis to business partners & clientsExtracting / formatting / uploading client report data for multiple lending lines of business Review client file submissions for completeness and assess file format for predetermined requirementsCoordinate the receipt of missing/incomplete documentation with our internal Servicing partnersCollaborate with internal Servicing Partners to insure correct data extractionCreate and update formulas within data extraction tool used to upload client files to analytical application Required Skills:Ability to manage multiple and sometimes competing prioritiesWork independentlyTakes ownershipAnalyze issues and drive problem resolutionGood written and verbal communication skillsWilling to learn and adapt to changeWorking knowledge of Windows and Microsoft OfficeProficient in Excel and understanding of Excel formulas Desired Skills:Experience with General Ledger or Accounting practicesFinancial analyticsReconciling data setsData Mining - Identifying key data points, isolating for further analysisKnowledge of Monarch Pro and Microstrategy reportingEfficient prioritization of client processing requests - Multi-tasking; prioritizingCommunication Skills: Clear and concise emails; able to provide clear explanation of issues to Business partners and Leadership-- --- --- --- --- --- -Confident relaying findings and reporting to Senior leaders and Business relationship partnersTroubleshooting - Ability to evaluate issues and escalate if needed with potential resolutionsKnowledge of Asset Based Lending and Borrowing Base structure Other Qualifications:Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutionsExcels in working among diverse viewpoints to determine the best path forwardExperience in connecting with a diverse set of clients to understand future business needs -is a continuous learnerCommitment to challenging the status quo and promoting positive changeParticipate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client baseBelieves in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the worldJob Band:H6Shift:-- -1st shift (United States of America)Hours Per Week:40Weekly Schedule:Monday-Friday 8-5Referral Bonus Amount:0 --> Job Description:Enterprise Overview:Responsible for the day-to-day analysis, research and resolution of varied problems. Functions include administering defined procedures, analysis and report generation, and exception processing. Coordinates the implementation of products/services and operational solutions. May assist in designing, documenting, implementing, and monitoring of new products/services. Provides guidance to associates within own unit regarding procedural, technical and/or operational changes. Incumbents have full working knowledge of operations environment acquired through experience in an operations environment and on the job training. Individuals typically have 2 to 4 years of experience. Responsibilities:Account Receivable and Inventory analysis supporting Asset Based Lending loan portfoliosDetermine eligible client collateral in accordance with Credit AgreementReview and understand client trends in relation to Accounts Receivable, Accounts Payable and Inventory collateral levelsIdentify and escalate potential risk items in client loan support documentationEffectively communicate analysis to business partners & clientsExtracting / formatting / uploading client report data for multiple lending lines of business Review client file submissions for completeness and assess file format for predetermined requirementsCoordinate the receipt of missing/incomplete documentation with our internal Servicing partnersCollaborate with internal Servicing Partners to insure correct data extractionCreate and update formulas within data extraction tool used to upload client files to analytical application Required Skills:Ability to manage multiple and sometimes competing prioritiesWork independentlyTakes ownershipAnalyze issues and drive problem resolutionGood written and verbal communication skillsWilling to learn and adapt to changeWorking knowledge of Windows and Microsoft OfficeProficient in Excel and understanding of Excel formulas Desired Skills:Experience with General Ledger or Accounting practicesFinancial analyticsReconciling data setsData Mining - Identifying key data points, isolating for further analysisKnowledge of Monarch Pro and Microstrategy reportingEfficient prioritization of client processing requests - Multi-tasking; prioritizingCommunication Skills: Clear and concise emails; able to provide clear explanation of issues to Business partners and Leadership-- --- --- --- --- --- -Confident relaying findings and reporting to Senior leaders and Business relationship partnersTroubleshooting - Ability to evaluate issues and escalate if needed with potential resolutionsKnowledge of Asset Based Lending and Borrowing Base structure Other Qualifications:Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutionsExcels in working among diverse viewpoints to determine the best path forwardExperience in connecting with a diverse set of clients to understand future business needs -is a continuous learnerCommitment to challenging the status quo and promoting positive changeParticipate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client baseBelieves in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the worldJob Band:H6Shift:-- -1st shift (United States of America)Hours Per Week:40Weekly Schedule:Monday-Friday 8-5Referral Bonus Amount:0 Job Description: Enterprise Overview:Responsible for the day-to-day analysis, research and resolution of varied problems. Functions include administering defined procedures, analysis and report generation, and exception processing. Coordinates the implementation of products/services and operational solutions. May assist in designing, documenting, implementing, and monitoring of new products/services. Provides guidance to associates within own unit regarding procedural, technical and/or operational changes. Incumbents have full working knowledge of operations environment acquired through experience in an operations environment and on the job training. Individuals typically have 2 to 4 years of experience. Responsibilities:Account Receivable and Inventory analysis supporting Asset Based Lending loan portfoliosDetermine eligible client collateral in accordance with Credit AgreementReview and understand client trends in relation to Accounts Receivable, Accounts Payable and Inventory collateral levelsIdentify and escalate potential risk items in client loan support documentationEffectively communicate analysis to business partners & clientsExtracting / formatting / uploading client report data for multiple lending lines of business Review client file submissions for completeness and assess file format for predetermined requirementsCoordinate the receipt of missing/incomplete documentation with our internal Servicing partnersCollaborate with internal Servicing Partners to insure correct data extractionCreate and update formulas within data extraction tool used to upload client files to analytical application Required Skills:Ability to manage multiple and sometimes competing prioritiesWork independentlyTakes ownershipAnalyze issues and drive problem resolutionGood written and verbal communication skillsWilling to learn and adapt to changeWorking knowledge of Windows and Microsoft OfficeProficient in Excel and understanding of Excel formulas Desired Skills:Experience with General Ledger or Accounting practicesFinancial analyticsReconciling data setsData Mining - Identifying key data points, isolating for further analysisKnowledge of Monarch Pro and Microstrategy reportingEfficient prioritization of client processing requests - Multi-tasking; prioritizingCommunication Skills: Clear and concise emails; able to provide clear explanation of issues to Business partners and Leadership-- --- --- --- --- --- -Confident relaying findings and reporting to Senior leaders and Business relationship partnersTroubleshooting - Ability to evaluate issues and escalate if needed with potential resolutionsKnowledge of Asset Based Lending and Borrowing Base structure Other Qualifications:Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutionsExcels in working among diverse viewpoints to determine the best path forwardExperience in connecting with a diverse set of clients to understand future business needs -is a continuous learnerCommitment to challenging the status quo and promoting positive changeParticipate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client baseBelieves in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world Shift:1st shift (United States of America) Hours Per Week:-- -40

Keywords: Bank of America, Richardson , Operations Analyst, Professions , Richardson, Texas

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