Credit Officer II - Asset Based Finance
Role Overview
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!
Full Job Posting
Responsibilities:
- Manages a portfolio of asset-based structured loans in the general industries space
- Proactively identifies credit solutions and opportunities to grow funded loans and spreads
- Actively monitors financial and collateral trends and recommends appropriate action
- Review requests for loan modifications
- Analyzes financial performance, negotiates credit terms, drafts proposals, reviews and negotiates loan documents, and oversees preparation of recommendations for approval
- Builds client relationships
- Handles both performing credits as well as distressed/turnaround credits including managing accounts through restructurings and bankruptcy processes
Skills:
- Attention to Detail
- Client Management
- Decision Making
- Underwriting
- Credit Documentation Requirements
- Critical Thinking
- Portfolio Management
- Problem Solving
- Written Communications
- Financial Analysis
- Negotiation
Required Qualifications:
- 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
- Attention to Detail
- Client Management
- Decision Making
- Underwriting
- Credit Documentation Requirements
- Critical Thinking
- Portfolio Management
- Problem Solving
- Written Communications
- Financial Analysis
- Negotiation
Desired Qualifications:
- Bachelor's or Master’s degree
- Formal Credit Training
- Experience with bankruptcy and restructuring matters
- Shift:
- 1st shift (United States of America)
- Hours Per Week:
- 40
- Pay Transparency details
- US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - OH - Cleveland - 1375 E 9TH ST - 1 CLEVELAND CENTER (OH4375)
- Pay and benefits information
- Pay range
- $119,000.00 - $200,000.00 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.
About Bank of America
Provides global banking, investing, and financial risk management services.
Visit company websiteJobs and hiring trendsApply for this job in 1 click
Skip the repetitive application forms
Install the Base Career Chrome Extension and autofill job applications across major job boards with your profile.
Trusted by over 500,000 job seekers on Base Career
More from this employer
More jobs at Bank of America
Business Banking Relationship Manager - Chicago Metro
Chicago, USA
Treasury Sales Associate I - Global Payment Solutions - Healthcare, Higher Education and Not for Profit
New York City, USA
Financial Solutions Advisor Registration Candidate- Seattle Market
Seattle, USA
Financial Solutions Advisor Registration Candidate- Silicon Valley Area
, USA
Sr. Relationship Manager - Global Commercial Banking - Transformative Healthcare (NYC, Philadelphia, Iselin, NJ)
New York City, USA
Financial Solutions Advisor Registration Candidate - La Brea-Rosewood
Los Angeles, USA
Business Banking Relationship Manager - Chicago Metro
Chicago, USA
Treasury Sales Associate I - Global Payment Solutions - Healthcare, Higher Education and Not for Profit
New York City, USA
Financial Solutions Advisor Registration Candidate- Seattle Market
Seattle, USA
Treasury Product Analyst - Payments
New York City, USA
Financial Solutions Advisor Registration Candidate- Silicon Valley Area
, USA
Sr. Relationship Manager - Global Commercial Banking - Transformative Healthcare (NYC, Philadelphia, Iselin, NJ)
New York City, USA
Markets Support Specialist
Chicago, USA
Financial Solutions Advisor Registration Candidate - La Brea-Rosewood
Los Angeles, USA