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:
Responsible for delivery of integrated credit solutions to US State and Local governmental entities, including public higher education. Partner closely with client-facing teammates to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client.
This job is responsible for the delivery of integrated credit solutions to US State and Local governmental entities within Banc of America Public Capital Corporation. Key responsibilities include underwriting and negotiating new transactions, partnering with client-facing teammates to consult on sales opportunities, and providing the product expertise to deliver effective client solutions. Partner closely with client-facing teammates to provide the product expertise and consultation necessary to deliver the best possible solution to the client.
Proactively partners with client teams to plan key credit relationship strategy focusing on balance of risk and reward. Directly accountable for managing credit quality and the approval process through interaction with Risk Management Officers.
Responsibilities:
- Pre-screen new transactions for existing and new clients to determine credit worthiness and appropriate credit product solutions.
- Analyzing US State and Local governmental entities' financial statements.
- Responsible for underwriting credit approval memoranda for mandated transactions, incorporating thorough credit analysis and due diligence.
- Participates in ongoing documentation negotiations as required.
Required Qualifications:
- 10+ years' experience in commercial banking, finance or credit ratings industries with significant credit experience.
- Experience in the analysis and structuring of complex transactions
- Strong credit and risk analysis skills
- Strong presentation, structuring and financial statement analysis skills
- Proven ability to analyze, interpret and negotiate third party documentation
- Proven ability to identify trends and emerging risks in underwriting and client selection
- Proficient Microsoft Office skills
Desired Qualifications:
- Municipal Lending Experience
- Undergraduate degree in finance, accounting or related field preferred.
Skills:
- Risk Management
- Financial Analysis
- Research Analysis
- Loan Structuring
- Underwriting
- Credit and Risk Assessment
- Issue Management
- Credit Documentation Requirements
- Coaching
- Decision Making
- Analytical Thinking
- Collaboration
- Critical Thinking
- Customer and Client Focus'
- Leasing Structuring
- Public Finance Credit Experience
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
Pay range
$120,400.00 - $200,000.00 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.