Credit Manager II

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us

 

Job Description:
Accountable for managing design and delivery of integrated credit solutions and for underwriting, structuring and negotiating these solutions at the market. Partner closely with client-facing teammates to consult on sales opportunities, and provide the product expertise and consultation necessary to deliver the best possible solution to the client. Also accountable for ensuring that loan decisioning activities meet bank policies and procedures and that work product is delivered in an accurate and timely manner. Interfaces with business partners to achieve defined business objectives. This leader manages the Real Estate Corporate Banking (RECB) Analyst and Associate team.  They manage workflow and client coverage assignments for the 200+ clients in RECB, fill in underwriting gaps for newer analysts, and assist in day-to-day booking, execution and systems questions that arise.  They continuously develop the team through targeted group and one-on-one trainings and strategically hire with talent planning in mind (i.e. targeting experienced vs inexperienced talent at different points).  In addition to the managerial responsibilities, the candidate will also maintain primary Credit Officer coverage responsibilities for a select group of clients.

Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Opportunity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals.
• Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.
• Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
• Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
• People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
• Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
• Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
• Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.

Required Skills:

• 8+ years of relevant commercial real estate banking experience. 
• Expertise in real estate debt underwriting, loan origination and client management.
• High degree of knowledge of the Bank's Real Estate Credit Policy and Procedures.
• Strong familiarity with Real Estate Risk Scorecards.

Desired Skills:

• Bachelor's Degree in  finance, accounting, economics, or similar preferred from an accredited academic institution
• 10+ years' of relevant real estate banking experience
• Experience managing teams of individual contributors

Skills:

• Business Acumen
• Credit and Risk Assessment
• Customer and Client Focus
• Financial Analysis
• Underwriting
• Coaching
• Collaboration
• Decision Making
• Organizational Effectiveness
• Performance Management
• Drives Engagement
• Hiring and Onboarding
• Prioritization
• Recording/Organizing Information

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

Hours Per Week: