Commercial Credit Specialist

2 days ago


Phoenix, Arizona, United States Bank of America Full time
Job Description

At Bank of America, we are committed to helping our clients achieve their financial goals through responsible growth. As a Commercial Credit Specialist, you will play a critical role in managing tasks related to the credit process, ensuring timely and accurate deal coordination, and providing exceptional client service.

Key Responsibilities
  • Manage risk by monitoring financial reporting and coordinating the successful onboarding of clients.
  • Coordinate the systematic execution of the credit process in partnership with Relationship Managers, Credit and Treasury Teams, and Operations.
  • Ensure timely and consistent execution of the commercial credit process.
  • Partner with Credit Teams to manage the bank's portfolio via monitoring financial package collection, maturities, Annual Exposure Review/Financial Analysis Summary, past due payments, and failed covenants.
  • Escalate and resolve client needs such as ordering pay-off letters, while delivering in partnership with Credit and Operations Teams.
  • Manage risk by clearing collateral exceptions to reduce the bank's legally binding exposure.
Requirements
  • Strong, professional communication skills and client-facing presence.
  • Organizational and time management skills.
  • Exceptional sense of urgency.
  • Delivery of world-class client experience; customer service focus.
  • Attention to detail and able to execute in a fast-paced environment.
  • Responsive to customer needs.
  • Proven self-motivator with the ability to effectively prioritize work.
  • Ability to coordinate with multiple points of contact (internal and external).
  • Experience in the financial services industry, specifically related to commercial banking.
Preferred Qualifications
  • Project management experience.
  • Paralegal skills (i.e. understand legal language and experience with legal docs).
  • Prior loan closing experience (or similar).
  • Understanding of commercial credit.
  • Proficiency in technology, including Microsoft applications.

Bank of America is an equal opportunity employer and welcomes applications from diverse candidates. We are committed to creating a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse.



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