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Credit Officer II – Asset Based Finance
Bank of America. Manage a portfolio of asset-based structured loans in the general industries space .
About the role
Key responsibilities & impact- Manage a portfolio of asset-based structured loans in the general industries space
- Identify credit solutions and opportunities to grow funded loans and spreads
- Monitor financial and collateral trends and recommend appropriate action
- Review requests for loan modifications
- Analyze financial performance, negotiate credit terms, draft proposals, review and negotiate loan documents, and oversee approval recommendations
- Build client relationships
- Manage performing and distressed/turnaround credits, including restructurings and bankruptcy processes
- Handle complex client relationships and lead management of bank groups and relationships with legal counsel, financial advisors, and financial sponsors
- Oversee the work of junior associates
- Meet with clients through required travel
Requirements
What you’ll need- 5+ 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
- Attention to Detail
- Client Management
- Decision Making
- Underwriting
- Credit Documentation Requirements
- Critical Thinking
- Portfolio Management
- Problem Solving
- Written Communications
- Financial Analysis
- Negotiation
- Some travel required to meet with clients
Benefits
Comp & perks- Affordable, competitive and flexible benefits
- Support for physical, emotional, and financial wellness
- Opportunities to learn, grow, and make an impact
- Annual discretionary incentive plan eligibility
- Paid time off
- Resources and support for employees