Senior Operations Analyst - Escrow Management Service

Senior Operations Analyst - Escrow Management Service

Scranton, Pennsylvania

** To proceed with your application, you must be at least 18 years of age.*
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** Bank of America employees are required to meet all*
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* ** prior to applying for any new position.*
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** To proceed with your application, you must be at least 18 years of age.*
* Acknowledge ( )

** Bank of America employees are required to meet all*
* ** posting eligibility requirements*
* ** prior to applying for any new position.*
* Acknowledge ( )

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* 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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

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* Job Description:

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* 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 building new procedures, completing complex non-routine analytics, creating reports, and reviewing exception testing and processing. Job expectations include supporting continuous improvement of processes by identifying trends and understanding the operations environment.

** Line of Business

Job Description:

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* This job is responsible for supporting Escrow Management Service (EMS) product operations activities that include both processing and verification of client requests.

Form W-9 and W-8 validation is heavily emphasized as it relates to 1099 and 1042 reporting. The candidate will act as the final reviewer on escrow sub account setups and sub account maintenance for tax-related activities for EMS account customers. Key responsibilities to include reading, analyzing and/or determining the appropriate decision point when verifying mainframe records against W9 and W8 Forms, timely and accurately processing incoming W9 Forms to an internal service mailbox, which includes casing and coding requests for processing and record retention purposes.

Candidate will also be responsible for research and resolution of reject/mismatch items. Candidate will work with internal and external business partners/clients as needed. Other responsibilities include assisting with procedural reviews, internal audits, gathering statistical information and producing monthly reports for the bank's Enterprise Independent Testing Team. Conduct simple/complex research and provide timely responses to inquiries by utilizing the various bank systems to support client requests.

The candidate must actively support a team environment and quickly shift priorities while focusing on the needs of our customers while maintaining an organized approach to managing daily activities and simultaneously handling multiple demands to achieve optimal efficiency and productivity. The candidate should be able to work quickly without sacrificing quality and should also demonstrate the ability to build effective relationships with business partners and clients.

Provides guidance to associates within own unit regarding procedural, technical and/or operational changes. Incumbents should have a full working knowledge of operations acquired through experience in an operations environment and on the job training. Individuals typically have 2 to 4 years of experience.

** Responsibilities:*
* + Leads implementation for products, services, and operational solutions

+ Manages the design, documentation, implementation, and monitoring of new products and services

+ Consults on procedural, technical, and operational changes

+ Advances business products knowledge within operations environment

+ Fosters relationships with partners and…