Credit Officer II-Asset Based Finance

Bank of America•Atlanta, GA

1d•Onsite

About The Position

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! This job is responsible for managing clients and related credit products, partnering closely with relationship management, sales/trading, treasury management, operations and risk teams to support the client relationship. Key responsibilities include underwriting, monitoring, managing operational needs and/or client requests. Job expectations include credit-focused client management responsibilities, independent thought leadership, strong leadership skills, the ability to provide feedback to less experienced teammates. The Credit Officer II covers a portfolio of asset-based lending clients, with responsibility for delivering credit solutions and managing risk. Bank of America’s Asset Based Finance (“ABF”) group provides asset-based loans to clients in the Global Commercial and Global Corporate and Investment Banks, partnering closely with relationship management and product partners. Typical focus is syndicated and sole lender facilities ranging in size from $20 million to up to $5 billion. The role will be client-facing, with primary responsibilities including analyzing client trends to identify opportunities and manage risk and growing funded loans and credit revenue. Additional responsibilities would include pitching credit opportunities, reviewing and negotiating legal documentation, and overseeing the work of junior associates, including analysis of financial performance and preparation of approval documents. The target candidate would be expected to handle more complex client relationships, as well as take a leadership role in managing bank groups and relationships with legal counsel, financial advisors, and financial sponsors. Some travel would be required to meet with clients.

Requirements

10+ years’ experience in asset-based lending, commercial banking, or private credit
Sound understanding of credit, transaction structuring, and financial and collateral analysis
Detailed understanding of legal documentation
Ability to draft concise, accurate and clear credit approvals with minimal oversight.

Nice To Haves

Bachelor's or Master’s degree preferred or equivalent experience
Formal Credit Training
Experience with bankruptcy and restructuring matters

Responsibilities

Partners with relationship management and product partners to assess clients’ credit needs and create solutions
Leads loan structure conversations and negotiates loan documentation with clients and internal/external legal partners
Drives credit and risk approval processes for new credit originations, renewals, increases, and modifications
Leads ongoing monitoring efforts for a portfolio of clients in compliance with regulations, policy and procedure
Drives the growth of funded loans and revenue while mitigating risks, maintaining asset quality and adhering to regulatory requirements
Serves as an escalation point for complex credit transactions
Mentors and supports associates
Manages a portfolio of asset-based structured loans in the general industries space
Handles both performing credits as well as distressed/turnaround credits including managing accounts through restructurizations and bankruptcy processes