Commercial Lending Officer
2 months ago
Bank of America Merchant Services is in search of a Credit Officer to enhance our team. This role is pivotal in the development and enforcement of policies and procedures aimed at effectively managing portfolio risk, credit risk evaluation, and oversight of special assets.
Key Responsibilities:
- Serve as Chair for the designated Regional or Line of Business Loan Committee.
- Lead the Regional Special Assets and Watch Committees as assigned.
- Participate as a member of the Line of Business Loan Committee as required.
- Execute additional responsibilities such as approving Environmental Due Diligence Checklists, construction draws, and administrative renewals.
- Collaborate with the RCCO to ensure adherence to standard credit processes, procedures, and policies while maintaining timely and precise grading of the commercial credit portfolio.
- Actively participate in the Regional or Line of Business and Regional Special Assets Loan Committees as designated.
- Communicate significant asset quality concerns to the Regional Chief Credit Officer.
- Prepare migration reports for the commercial credit portfolio asset quality, including grading, impairment, non-accrual, and charge-off recognition.
- Oversee and manage the delinquency status, construction loan status, borrowing base reporting, marketable security reporting, and loan covenant compliance for the region or line of business.
- Ensure compliance with corporate concentration limits and thresholds.
- Guarantee the timely completion of Annual Credit Reviews.
- Respond to audits, loan reviews, FDIC, and other internal and external examinations with the approval of the RCCO.
- Complete compliance and other required training.
- Contribute as a member of the business management team.
- Assist the Regional Chief Credit Officer in organizing meetings, including agenda preparation and material organization.
- Bachelor's degree in accounting, finance, business, or a related field.
- A minimum of six (6) years of experience in commercial credit or a related area.
Master's degree in accounting, finance, business, or a related field.
What We Offer:
- Competitive Base Pay PLUS Bonuses
- Comprehensive Medical, Dental, and Vision Insurance
- 401k Plan
- Health Savings and Flexible Spending Accounts
- Paid Vacation and Sick Time
- Paid Holidays
- Paid Parental Leave
- Tuition Reimbursement
- Additional Benefits
At Bank of America Merchant Services, we are committed to fostering a meaningful workplace that positively impacts the diverse communities we serve. Our Vision, Mission, and Team statement reflect our dedication to authentic service.
Our Vision:
To enhance the financial wellness of the diverse communities we serve.
Our Mission:
To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.
Our Team:
We are a diverse group of colleagues who share a passion for making a positive impact. We are dedicated to attracting and engaging teammates from various backgrounds, believing in the power of inclusion and belonging.
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