Leasing Credit Officer

2 weeks ago


Chicago, Illinois, United States Bank of America Full time
Job Title: Leasing Credit Officer

At Bank of America, we are committed to helping our clients achieve their financial goals through innovative solutions. As a Leasing Credit Officer, you will play a critical role in assessing credit risk and providing expert knowledge of business finance to our clients.

Key Responsibilities:
  • Evaluate new end-user credit opportunities, identifying and assessing risks and mitigating factors
  • Partner with client-facing teammates to consult on sales opportunities and provide product expertise and consultation
  • Underwrite new transactions, analyze credit risk, negotiate and close deals, adhering to internal policy, procedures, and regulatory requirements
  • Structure the terms of a lease/loan, considering pricing, rates, payment, term, and collateral
  • Manage the credit process for a portfolio of clients, reviewing financial statements, assessing compliance with financial covenants, confirming risk ratings, and recommending changes as warranted
Requirements:
  • 7+ years of experience in commercial banking related roles for Leasing Credit Sr Officer, 5+ years for Leasing Credit Officer II
  • Proficient credit and risk analysis skills
  • Strong presentation, structuring, and financial statement analysis skills for complex transactions
  • Proficient Microsoft Office skills
Preferred Qualifications:
  • Undergraduate degree in finance or accounting; MBA preferred
  • Proven ability to analyze, interpret, and negotiate third-party documentation
  • Proven ability to identify trends and emerging risks in underwriting and client selection
Benefits:
  • Competitive annualized salary: $81,900.00 - $200,000.00
  • Discretionary incentive eligible
  • Industry-leading benefits, paid time off, and resources to support employees


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