Credit Officer II Asset Based Finance
Bank of America, Charlotte, NC, United States
Credit Officer II
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. This job is responsible for managing clients and related credit products, partnering closely with relationship management, sales/trading, treasury management, operations and risk teams to support the client relationship. Key responsibilities include underwriting, monitoring, managing operational needs and/or client requests. The Credit Officer II covers a portfolio of asset-based lending clients, with responsibility for delivering credit solutions and managing risk. The role will be client-facing, with primary responsibilities including analyzing client trends to identify opportunities and manage risk and growing funded loans and credit revenue. Additional responsibilities would include pitching credit opportunities, reviewing and negotiating legal documentation, and overseeing the work of junior associates, including analysis of financial performance and preparation of approval documents. The target candidate would be expected to handle more complex client relationships, as well as take a leadership role in managing bank groups and relationships with legal counsel, financial advisors, and financial sponsors. Some travel would be required to meet with clients. Responsibilities: Partners with relationship management and product partners to assess clients' credit needs and create solutions Leads loan structure conversations and negotiates loan documentation with clients and internal/external legal partners Drives credit and risk approval processes for new credit originations, renewals, increases, and modifications Leads ongoing monitoring efforts for a portfolio of clients in compliance with regulations, policy and procedure Drives the growth of funded loans and revenue while mitigating risks, maintaining asset quality and adhering to regulatory requirements Serves as an escalation point for complex credit transactions Mentors and supports associates Manages a portfolio of asset-based structured loans in the general industries space Handles both performing credits as well as distressed/turnaround credits including managing accounts through restructurings and bankruptcy processes Required Qualifications: 10+ years' experience in asset-based lending, commercial banking, or private credit Sound understanding of credit, transaction structuring, and financial and collateral analysis Detailed understanding of legal documentation Ability to draft concise, accurate and clear credit approvals with minimal oversight. Desired Qualifications: Bachelor's or Master's degree preferred or equivalent experience Formal Credit Training Experience with bankruptcy and restructuring matters Skills: Business Acumen Coaching Decision Making Hiring and Onboarding Loan Structuring Collaboration Credit Documentation Oral Communications Risk Management Written Communications Change Management Client Solutions Advisory Executive Presence Organizational Effectiveness Underwriting Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - CT - Hartford - 185 ASYLUM ST - CITY PLACE 1 (CT2500), US - MA - Boston - 100 Federal St - 100 Federal St Lp (MA5100) Pay range $99,000.00 - $225,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. This job is responsible for managing clients and related credit products, partnering closely with relationship management, sales/trading, treasury management, operations and risk teams to support the client relationship. Key responsibilities include underwriting, monitoring, managing operational needs and/or client requests. The Credit Officer II covers a portfolio of asset-based lending clients, with responsibility for delivering credit solutions and managing risk. The role will be client-facing, with primary responsibilities including analyzing client trends to identify opportunities and manage risk and growing funded loans and credit revenue. Additional responsibilities would include pitching credit opportunities, reviewing and negotiating legal documentation, and overseeing the work of junior associates, including analysis of financial performance and preparation of approval documents. The target candidate would be expected to handle more complex client relationships, as well as take a leadership role in managing bank groups and relationships with legal counsel, financial advisors, and financial sponsors. Some travel would be required to meet with clients. Responsibilities: Partners with relationship management and product partners to assess clients' credit needs and create solutions Leads loan structure conversations and negotiates loan documentation with clients and internal/external legal partners Drives credit and risk approval processes for new credit originations, renewals, increases, and modifications Leads ongoing monitoring efforts for a portfolio of clients in compliance with regulations, policy and procedure Drives the growth of funded loans and revenue while mitigating risks, maintaining asset quality and adhering to regulatory requirements Serves as an escalation point for complex credit transactions Mentors and supports associates Manages a portfolio of asset-based structured loans in the general industries space Handles both performing credits as well as distressed/turnaround credits including managing accounts through restructurings and bankruptcy processes Required Qualifications: 10+ years' experience in asset-based lending, commercial banking, or private credit Sound understanding of credit, transaction structuring, and financial and collateral analysis Detailed understanding of legal documentation Ability to draft concise, accurate and clear credit approvals with minimal oversight. Desired Qualifications: Bachelor's or Master's degree preferred or equivalent experience Formal Credit Training Experience with bankruptcy and restructuring matters Skills: Business Acumen Coaching Decision Making Hiring and Onboarding Loan Structuring Collaboration Credit Documentation Oral Communications Risk Management Written Communications Change Management Client Solutions Advisory Executive Presence Organizational Effectiveness Underwriting Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - CT - Hartford - 185 ASYLUM ST - CITY PLACE 1 (CT2500), US - MA - Boston - 100 Federal St - 100 Federal St Lp (MA5100) Pay range $99,000.00 - $225,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.