Credit Officer II - Asset Based Finance
About The Position
Bank of America’s Asset Based Finance 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. Facilities are typically syndicated or sole-lender loans ranging from $20 million to $5 billion. This senior, client-facing role covers a portfolio of asset-based lending clients and is responsible for delivering credit solutions, managing risk, identifying opportunities in client trends, and growing funded loans and credit revenue. The role handles complex client relationships and takes a leadership role in managing bank groups and relationships with legal counsel, financial advisors, and financial sponsors. Some travel is required to meet with clients. The position also involves pitching credit opportunities, managing higher-attention credits, reviewing and negotiating legal documentation, and overseeing junior associates’ work, including financial performance analysis and preparation of approval documents. It manages both performing and distressed or turnaround credits, including accounts undergoing restructuring or bankruptcy processes.
Requirements
- 5+ 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.
- Skills in attention to detail, client management, decision making, underwriting, credit documentation requirements, critical thinking, portfolio management, problem solving, written communications, financial analysis, and negotiation.
Nice To Haves
- Bachelor's or Master’s degree.
- Formal Credit Training.
- Experience with bankruptcy and restructuring matters.
Responsibilities
- Manage a portfolio of asset-based structured loans in the general industries space.
- Proactively identify credit solutions and opportunities to grow funded loans and spreads.
- Monitor financial and collateral trends and recommend appropriate action.
- Review requests for loan modifications.
- Analyze financial performance, negotiate credit terms, draft proposals, and review and negotiate loan documents.
- Oversee preparation of recommendations for approval and the work of junior associates.
- Build client relationships.
- Manage performing credits as well as distressed and turnaround credits, including accounts through restructurings and bankruptcy processes.
- Pitch credit opportunities and manage higher-attention credits.
- Lead management of bank groups and relationships with legal counsel, financial advisors, and financial sponsors.
Benefits
- Industry-leading benefits.
- Access to paid time off.
- Annual discretionary incentive plan eligibility.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
