Leasing Credit Officer II
4 weeks ago
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.
We are seeking a skilled Leasing Credit Officer II to join our team. As a Leasing Credit Officer II, you will be responsible for determining appropriate obligor and facility risk ratings through ongoing review of client financial statements, covenant compliance, loan/lease legal documents, collateral, and monitoring of news articles and other early warning alerts.
You will interact effectively with Bank partners, contact clients directly, and handle ad-hoc credit-related customer service requests for clients, including negotiating waivers and amendments to existing leases or loans. You will also prepare quarterly SER reports and other periodic credit reviews.
The successful Leasing Credit Officer II will be able to simultaneously manage multiple demands and priorities while maintaining organization, adherence to deadlines and compliance with policy. Additionally, the ability to identify, anticipate and to proactively address potential credit problems early in the process is critical.
Responsibilities:
- Determine appropriate obligor and facility risk ratings through ongoing review of client financial statements, covenant compliance, monitoring of news articles and other early warning alerts, as well as through interaction with Risk Management Officers, Marketing Officers, SAG Officers, Legal, Equipment Management Officers and Credit Underwriting Officers
- Interact effectively with Bank partners
- Contact the client directly
- Handle ad-hoc credit-related customer service requests for clients, including negotiating waivers and amendments to existing leases or loans
- Prepare quarterly SER reports and other periodic credit reviews
- Training and mentoring of more junior associates, as well as ownership of various Leasing processes
- Manage multiple demands and priorities while maintaining organization, adherence to deadlines and compliance with policy
- Identify, anticipate and proactively address potential credit problems early in the process
Requirements:
- 5+ years experience in the commercial banking, leasing, or finance industry
- Proficient commercial credit or leasing underwriting or portfolio management experience
- Proficient credit and secured equipment finance knowledge
- Experience reviewing and negotiating legal documents
Preferred Qualifications:
- Undergraduate degree in finance or accounting
- Prior experience in high risk Criticized/Classified Exposures
- Prior Lease Finance Experience and High Net Worth Underwriting
- Prior experience in Corporate Aircraft Finance
- Proficient in Moody's CreditLens - Financial Statement Spreading
Skills:
- Financial Analysis
- Loan Structuring
- Research Analysis
- Risk Management
- Underwriting
- Account Management
- Credit Documentation Requirements
- Credit and Risk Assessment
- Decision Making
- Issue Management
- Analytical Thinking
- Coaching
- Collaboration
- Critical Thinking
- Customer and Client Focus
Work Schedule:
1st shift (United States of America)
40 hours per week
Pay and Benefits:
Annualized salary: $81,000 - $170,100
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan
Benefits: industry-leading benefits, paid time off, resources and support to our employees
Equal Employment Opportunity:
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law
Drug-Free Workplace and Alcohol Policy:
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse
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