Senior Commercial Loan Processor

4 days ago


Chicago, Illinois, United States Bank of America Full time
Job Summary

We are seeking a highly skilled Senior Commercial Loan Processor to join our team at Bank of America. As a key member of our leasing credit team, you will be responsible for determining appropriate obligor and facility risk ratings through ongoing review of client financial statements, covenant compliance, and monitoring of news articles and other early warning alerts.

You will interact effectively with Bank partners, manage multiple demands and priorities while maintaining organization, adherence to deadlines, and compliance with policy. Additionally, you will identify, anticipate, and proactively address potential credit problems early in the process.

The ideal candidate will have 5+ years of experience in the commercial banking, leasing, or finance industry, with proficient commercial credit or leasing underwriting or portfolio management experience. You will also have a strong understanding of credit and secured equipment finance knowledge, as well as experience reviewing and negotiating legal documents.

Key Responsibilities
  • Determine appropriate obligor and facility risk ratings through ongoing review of client financial statements, covenant compliance, and monitoring of news articles and other early warning alerts.
  • Interact effectively with Bank partners to assess impact to Leasing exposure and interact effectively with Bank partners.
  • 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.
  • Prepare quarterly SER reports and other periodic credit reviews.
  • Handle ad-hoc credit-related requests for clients, including negotiating and approval of waivers and amendments to existing leases or loans.
Requirements
  • 5+ years of experience in the commercial banking, leasing, or finance industry.
  • Proficient commercial credit or leasing underwriting or portfolio management experience.
  • Strong understanding of credit and secured equipment finance knowledge.
  • Experience reviewing and negotiating legal documents.
  • Undergraduate degree in finance or accounting.
What We Offer

At Bank of America, we offer a competitive salary and benefits package, as well as opportunities for professional growth and development. We are an equal opportunity employer and welcome applications from diverse candidates.



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