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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
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Job Description:
This job is responsible for leading the commercial credit process within the Enterprise Credit organization for select Business Banking and Middle Market clients and prospects. Key responsibilities include collaborating directly with the Client Management teams and internal partners to drive an efficient credit delivery experience. Job expectations include obtaining lending authority to utilize through the underwriting and approval process.
The Lending Officer acts as the point of contact for driving credit solutions for the client. The Lending Officer maintains relationships with the client management team and works directly with clients from deal structuring through final credit approval, legal document negotiations and closing as necessary. The Lending Officer is responsible for negotiation with the client on credit terms, performing full underwriting analysis and preparing deal justification. The Lending Officer will have single signature approval authority (per the Approval Grid) for credit and monitoring actions as needed. The Lending Officer ensures data quality of credit-related client and deal information.
Position can be filled as a Lending Officer I or II
Responsibilities:
- Collaborates with Client Management teams to perform analysis of credit opportunities and prospects at the bank
- Manages client and prospect originations including initial credit structuring, underwriting, legal documentation review, and deal closing
- Delivers on data accuracy and quality of underwriting metrics in compliance with internal policies and procedures
- Monitors assigned portfolios of client loan maturities and collaborates with Analysts to continuously recognize and address risks in a timely manner
- Escalates and debates deteriorating assets in partnership with the Special Assets Group and Risk as appropriate
- Participates in Regional and Market meetings to communicate credit delivery best practices and results
Required Skills:
- 2 + years Commercial credit experience
- Client-facing experience-ability to consult & navigate client requests
- Strong analytical skills and attention to detail
- Effective communicator in both written and oral presentations
- Ability to effectively partner with peers and other business units across the enterprise
- Demonstrate sense of urgency with decision making and execution
- Self-starter and ability to work independently
- Must have proficiency with Microsoft office (Excel, PowerPoint, Word etc.)
Desired Skills:
- BA/BS degree in Finance, Accounting or Economics majors preferred
- Prior commercial loan underwriting experience
Skills:
- Loan Structuring
- Underwriting
- Collaboration
- Decision Making
- Written Communications
- Interpret Relevant Laws, Rules, and Regulations
- Credit Documentation Requirements
- Active Listening
- Analytical Thinking
- Attention to Detail
- Issue Management
- Risk Management
- Negotiation
- Oral Communications
- Prioritization
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
Shift:
1st shift (United States of America)
Hours Per Week:
40