Commercial Credit Specialist

2 weeks ago


Muncie, Indiana, United States Bank of America Merchant Services Full time
Join Bank of America Merchant Services as a Credit Officer

We are looking for a dedicated Credit Officer to enhance our team. This role will support the establishment and recommendation of policies and procedures for effective management of portfolio risk, concentration oversight, credit risk evaluation, and special asset administration.

Key Responsibilities:
  • Serve as Chair for the Regional or Line of Business Loan Committee, as assigned.
  • Lead the Regional Special Assets and Watch Committees, as designated.
  • Participate as a member of a Line of Business Loan Committee, as designated.
  • Execute additional responsibilities, including 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.
  • Act as a member of 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 regional or line of business migration reports regarding commercial credit portfolio asset quality, including grading, impairment, non-accrual, and charge-off recognition.
  • Monitor and manage regional or line of business delinquency status, construction loan status, borrowing base reporting, marketable security reporting, and loan covenant compliance.
  • Ensure compliance with corporate concentration limits and thresholds.
  • Guarantee the timely completion of Annual Credit Reviews.
  • With RCCO approval, respond to audits, loan reviews, FDIC, and other internal and external examining bodies.
  • Complete compliance and other assigned training.
  • Engage as a member of the business management team.
  • Assist the Regional Chief Credit Officer in organizing meetings, including establishing agenda items, materials, and meeting preparation.
Qualifications:
  • 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 field.
Preferred Qualifications:

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
  • Generous Vacation/Sick Time
  • Paid Holidays
  • Paid Parental Leave
  • Tuition Reimbursement
  • Additional Benefits
About Us:

At Bank of America Merchant Services, we are committed to being a meaningful workplace and making a positive impact across the 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 positively impacting lives. We are genuinely committed to attracting and engaging teammates from various backgrounds, believing in the power of inclusion and belonging.

We look forward to welcoming you to our team

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