Bank of America
Credit Officer II-Dealer Financial Services
Bank of America, Boston, Massachusetts, us, 02298
Credit Officer II-Dealer Financial Services
Base pay range: $125,000.00/yr - $258,700.00/yr
Job Description This job is responsible for managing, monitoring, and documenting credit risk for a portfolio of clients. Key responsibilities include monitoring changes in credit profiles, compliance with credit agreements as well as structuring and underwriting new financing solutions across the Global Banking and Markets product spectrum. Job expectations may include assessing risk solutions which adhere to the bank's risk appetite and risk strategies and coaching and leading team members.
Responsibilities
Oversees and assesses the credit worthiness of borrowers based on due diligence findings, financial statement analysis, forecasting, analysis of company and industry risks, terms and conditions, and relationship profitability to provide high quality credit approval to Corporate Banking, Investment Banking, Global Markets, and Treasury
Exercises Delegated Approval Authority using sound judgment and expertise to make approval decisions for the business including new lending limits, structuring and negotiating deal terms, credit worthiness, annual reviews and renewals, risk ratings, and breach actions
Acts as a senior coverage team resource supporting ongoing credit matters and asset quality, maintaining adherence to the bank's risk appetite and risk strategies to mitigate losses while identifying opportunities to responsibly grow the loan portfolio
Leads new credit originations in coordination and collaboration with the coverage teams including Relationship Managers, Risk, Syndications, Treasury, and all other product partners
Negotiates and structures legal documentation related to loans and derivatives
Establishes appropriate internal risk ratings for clients and implements accurate adjustments throughout the client's credit life cycle
Trains, coaches, and mentors Credit Analysts and Associates
Serves as a key member of the Commercial Client Team in handling the clients financial needs, ensuring that the overall client experience is favorable, and that the bank is in a position to expand the relationship
Interacts with clients and prospects to understand their financial goals and objectives, current and future financial performance, and their needs and desires for their banking relationship
Guides and oversees underwriting, structuring, and documentation of credit requests on an assigned portfolio
Evaluates the financial standing of the client or prospect and the appropriateness of the existing or proposed credit structure, suggesting changes to optimize the relationship
Underwrites and structures complex credit transactions with minimal oversight
Some travel time with face-to-face interaction with dealer clients
Involved in the negotiation and closing process for transactions in portfolio
Oversees the monitoring of the assigned portfolio to maintain credit quality, and to ensure timely recognition and management of changes via the bank’s risk rating tools and related reports
Required Qualifications
Minimum of 7 years commercial credit underwriting and analysis with a commercial bank or OEM captive finance organization
Strong knowledge and comprehension of loan and collateral documentation
Ability to accurately analyze borrower’s financial picture and deliver a comprehensive risk analysis to manager and risk officers
Confidence and ability to develop an independent viewpoint and present a business case to support conclusions
Excellent relationship management skills, experience working in a team environment, ability to help influence constituencies with diverse views towards consensus
Coaching and mentoring skills
Strong Microsoft Office Skills
Desired Qualifications
Minimum of 10 years commercial credit underwriting and analysis with a commercial bank or OEM captive finance organization in the auto retail space. Direct customer-facing experience in a goal-oriented environment.
Bachelor’s degree in Finance or Accounting
Skills
Analytical Thinking
Credit and Risk Assessment
Financial Analysis
Loan Structuring
Underwriting
Attention to Detail
Business Acumen
Financial Forecasting and Modeling
Research Analysis
Written Communications
Business Development
Collaboration
Critical Thinking
Portfolio Analysis
Stakeholder Management
Shift 1st shift (United States of America)
Hours Per Week 40
Seniority level Mid-Senior level
Employment type Full-time
Job function Finance and Sales
Industries Banking
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Job Description This job is responsible for managing, monitoring, and documenting credit risk for a portfolio of clients. Key responsibilities include monitoring changes in credit profiles, compliance with credit agreements as well as structuring and underwriting new financing solutions across the Global Banking and Markets product spectrum. Job expectations may include assessing risk solutions which adhere to the bank's risk appetite and risk strategies and coaching and leading team members.
Responsibilities
Oversees and assesses the credit worthiness of borrowers based on due diligence findings, financial statement analysis, forecasting, analysis of company and industry risks, terms and conditions, and relationship profitability to provide high quality credit approval to Corporate Banking, Investment Banking, Global Markets, and Treasury
Exercises Delegated Approval Authority using sound judgment and expertise to make approval decisions for the business including new lending limits, structuring and negotiating deal terms, credit worthiness, annual reviews and renewals, risk ratings, and breach actions
Acts as a senior coverage team resource supporting ongoing credit matters and asset quality, maintaining adherence to the bank's risk appetite and risk strategies to mitigate losses while identifying opportunities to responsibly grow the loan portfolio
Leads new credit originations in coordination and collaboration with the coverage teams including Relationship Managers, Risk, Syndications, Treasury, and all other product partners
Negotiates and structures legal documentation related to loans and derivatives
Establishes appropriate internal risk ratings for clients and implements accurate adjustments throughout the client's credit life cycle
Trains, coaches, and mentors Credit Analysts and Associates
Serves as a key member of the Commercial Client Team in handling the clients financial needs, ensuring that the overall client experience is favorable, and that the bank is in a position to expand the relationship
Interacts with clients and prospects to understand their financial goals and objectives, current and future financial performance, and their needs and desires for their banking relationship
Guides and oversees underwriting, structuring, and documentation of credit requests on an assigned portfolio
Evaluates the financial standing of the client or prospect and the appropriateness of the existing or proposed credit structure, suggesting changes to optimize the relationship
Underwrites and structures complex credit transactions with minimal oversight
Some travel time with face-to-face interaction with dealer clients
Involved in the negotiation and closing process for transactions in portfolio
Oversees the monitoring of the assigned portfolio to maintain credit quality, and to ensure timely recognition and management of changes via the bank’s risk rating tools and related reports
Required Qualifications
Minimum of 7 years commercial credit underwriting and analysis with a commercial bank or OEM captive finance organization
Strong knowledge and comprehension of loan and collateral documentation
Ability to accurately analyze borrower’s financial picture and deliver a comprehensive risk analysis to manager and risk officers
Confidence and ability to develop an independent viewpoint and present a business case to support conclusions
Excellent relationship management skills, experience working in a team environment, ability to help influence constituencies with diverse views towards consensus
Coaching and mentoring skills
Strong Microsoft Office Skills
Desired Qualifications
Minimum of 10 years commercial credit underwriting and analysis with a commercial bank or OEM captive finance organization in the auto retail space. Direct customer-facing experience in a goal-oriented environment.
Bachelor’s degree in Finance or Accounting
Skills
Analytical Thinking
Credit and Risk Assessment
Financial Analysis
Loan Structuring
Underwriting
Attention to Detail
Business Acumen
Financial Forecasting and Modeling
Research Analysis
Written Communications
Business Development
Collaboration
Critical Thinking
Portfolio Analysis
Stakeholder Management
Shift 1st shift (United States of America)
Hours Per Week 40
Seniority level Mid-Senior level
Employment type Full-time
Job function Finance and Sales
Industries Banking
Referrals increase your chances of interviewing at Bank of America by 2x
Get notified about new Credit Officer jobs in Boston, MA.
#J-18808-Ljbffr