Credit Officer II - Asset Based Finance

Bank of America•Los Angeles, CA

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 and may also manage a team. More specifically, this job is responsible for managing, monitoring, and documenting credit risk for an asset based (ABL) portfolio of clients. Key responsibilities include monitoring changes in credit profiles, compliance with credit agreements as well as structuring and underwriting new financing solutions across the Global Banking and Markets product spectrum. Job expectations may include assessing risk solutions which adhere to the bank's risk appetite and risk strategies and coaching and leading team members. “Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy”

Requirements

7+ years of experience in asset based and/or commercial lending
Experience in monitoring the credit health of asset based or commercial lending clients.
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
Proficiency in Microsoft Office Excel, Word, Outlook, PowerPoint

Nice To Haves

Bachelor’s degree in accounting and/or finance
10+ years of experience in asset-based lending and/or commercial lending

Responsibilities

Partners with relationship management and product partners to assess clients’ credit needs and create solutions
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
Oversee credit assessment and approval by evaluating borrower creditworthiness through financial analysis, forecasting, industry and company risk assessment, and due diligence to support high-quality decisions across Corporate Banking, Investment Banking, Global Markets, and Treasury
Exercises Delegated Approval Authority to structure and approve transactions, including lending limits, deal terms, risk ratings, renewals, and breach actions, applying sound judgment and maintaining alignment with the bank’s risk appetite
Leads credit origination and portfolio management by partnering with cross-functional teams, serving as a senior advisor on credit matters, and ensuring accurate risk ratings and proactive management of asset quality throughout the client lifecycle