Credit Officer II-Dealer Financial Services

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 Responsibilities Oversees and assesses the credit worthiness of borrowers based on due diligence findings, financial statement analysis, forecasting, analysis of company and industry risks, terms and conditions, and relationship profitability to provide high quality credit approval to Corporate Banking, Investment Banking, Global Markets, and Treasury. Exercises Delegated Approval Authority using sound judgment and expertise to make approval decisions for the business including new lending limits, structuring and negotiating deal terms, credit worthiness, annual reviews and renewals, risk ratings, and breach actions. Acts as a senior coverage team resource supporting ongoing credit matters and asset quality, maintaining adherence to the bank's risk appetite and risk strategies to mitigate losses while identifying opportunities to responsibly grow the loan portfolio. Leads new credit originations in coordination and collaboration with the coverage teams including Relationship Managers, Risk, Syndications, Treasury, and all other product partners. Negotiates and structures legal documentation related to loans and derivatives. Establishes appropriate internal risk ratings for clients and implements accurate adjustments throughout the client's credit life cycle. Trains, coaches, and mentors Credit Analysts and Associates. Serves as a key member of the Commercial Client Team in handling the clients financial needs, ensuring that the overall client experience is favorable, and that the bank is in a position to expand the relationship. Interacts with clients and prospects to understand their financial goals and objectives, current and future financial performance, and their needs and desires for their banking relationship. Working closely with the client team, the role of the Credit Officer in the credit process is the guidance and oversight of underwriting, structuring, and documentation of credit requests on an assigned portfolio. Includes an evaluation of the financial standing of the client or prospect and the appropriateness of the existing or proposed credit structure, and suggestion of any changes to help optimize the relationship. Underwrites and structures complex credit transactions with minimal oversight. Some travel time with face‑to‑face interaction with our dealer clients. Involved in the negotiation and closing process for transactions in portfolio. Oversees the monitoring of their assigned portfolio to maintain credit quality, and to ensure timely recognition and management of any changes via the use of the bank’s proprietary risk rating tool, and the review of various compliance, exception and past‑due reports. Required Qualifications Minimum of 7 years commercial credit underwriting and analysis with a commercial bank or OEM captive finance organization. Strong knowledge and comprehension of loan and collateral documentation. Ability to accurately analyze borrower’s financial picture and deliver a comprehensive risk analysis to manager and risk officers. Confidence and ability to develop an independent viewpoint and present a business case to support conclusions. Excellent relationship management skills, experience working in a team environment, ability to help influence constituencies with diverse views towards consensus. Coaching and mentoring skills. Strong Microsoft Office Skills. Desired Qualifications Minimum of 10 years commercial credit underwriting and analysis with a commercial bank or OEM captive finance organization in the auto retail space. Direct customer‑facing experience in a goal‑oriented environment. Bachelor’s degree in Finance or Accounting. Skills Analytical Thinking Credit and Risk Assessment Financial Analysis Loan Structuring Underwriting Attention to Detail Business Acumen Financial Forecasting and Modeling Research Analysis Written Communications Business Development Collaboration Critical Thinking Portfolio Analysis Stakeholder Management Shift 1st shift (United States of America) Hours Per Week 40 Pay Transparency Details US - CT - Hartford - 185 ASYLUM ST - CITY PLACE 1 (CT2500), US - MA - Boston - 100 Federal St - 100 Federal St Lp (MA5100), US - RI - Providence - 1 Financial Plz - 1 Financial Plaza (RI1537) Pay and benefits information Pay range $125,000.00 - $258,700.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible. This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits. This role is currently benefits eligible. We provide industry‑leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. #J-18808-Ljbffr