Job Description

: Overview (Bank overview, GBS India overview, Function Overview)* Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals. We are a part of the Global Business Services which delivers technology and operations capabilities to all Bank of America lines of business (LOB) and enterprise functions. Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide. BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank. Process Overview* Insurance team is involved in Renewal Insurance verification, follow up, and perform other procedures to ensure Insurance is being renewed timely and the bank’s security interest is protected. Individual will be a contributing member of the Specialty Lending Insurance and will be required to manage and maintain the sharepoint and other technology areas in commercial credit division May recommend solutions to moderately complex problems, lead or train other associates and/or supervise highly routine work. Possesses leadership, communication & problem solving skills. * The person will be responsible to perform End to End Insurance renewal and update the System of Record before Policy expiration, to avoid any catastrophic financial risk. The team is also involved in UCC continuations, Order Determinations and other Insurances renewals where we send the renewal reminder letters. Responsibilities* Responsible for annual renewal verification of insurance and ensuring necessary system updates are made. Review includes fax notification to agent, escalations to business partners and update System of Records Requirements* Education*: Graduate in Commerce Certifications If Any: NA Experience Range*: 3-5 Years of experience Foundational skills*: Excellent Communication skills written and verbal and Understanding of derivatives Desired skills*: Decent Knowledge of excel Work Timings*: 07:30am - 01:30 am ( Rotational) Job Location*: GGM Job Band: H8 Shift: Hours Per Week: 45 Weekly Schedule: Referral Bonus Amount: 0