Designation: Team member at Bank of America
Process Overview
The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, is a law intended to address the economic fallout of the COVID-19 pandemic in the United States. Paycheck Protection Program – is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities
Job Description
The Team needs to demonstrate adherence to policies, processes, guidelines and applicable regulatory requirements. In addition the team needs to perform CSA Reviewer steps to review all applications for the Paycheck Protection Program under the CARES Act
Responsibilities
· Must have good personal computing, on-line research and analytical ability.
· Need to take into consideration accuracy when viewing the application
· Must be detail oriented, an independent thinker, and able to handle multiple cases concurrently requiring multi-tasking skills.
· Must have excellent written and verbal communication skills
· Attention to detail and accuracy is absolutely critical as quality of research documentation and resulting findings is critical to the integrity of the process.
· Must possess critical thinking & problem solving skills and being able to evaluate information and make judgments about the value and relevancy of information, drawing conclusions from data gathered as part of investigation and review process to aid the line of business in critical decision making process
· Must be able to work without close supervision, managing time effectively in order to deliver optimal performance and balance precision & accuracy with timeliness of work product
Process Overview
The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, is a law intended to address the economic fallout of the COVID-19 pandemic in the United States. Paycheck Protection Program – is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities
Job Description
The Team needs to demonstrate adherence to policies, processes, guidelines and applicable regulatory requirements. In addition the team needs to perform CSA Reviewer steps to review all applications for the Paycheck Protection Program under the CARES Act
Responsibilities
· Must have good personal computing, on-line research and analytical ability.
· Need to take into consideration accuracy when viewing the application
· Must be detail oriented, an independent thinker, and able to handle multiple cases concurrently requiring multi-tasking skills.
· Must have excellent written and verbal communication skills
· Attention to detail and accuracy is absolutely critical as quality of research documentation and resulting findings is critical to the integrity of the process.
· Must possess critical thinking & problem solving skills and being able to evaluate information and make judgments about the value and relevancy of information, drawing conclusions from data gathered as part of investigation and review process to aid the line of business in critical decision making process
· Must be able to work without close supervision, managing time effectively in order to deliver optimal performance and balance precision & accuracy with timeliness of work product
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