Credit Officer II - Asset Based Lending
Bank of America · Auburn Hills, MI · 2 wk ago
Finance$20/hrFull-time
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
- Led 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
- Proactively identifies credit solutions and opportunities to grow funded loans and spreads
- Actively monitors financial and collateral trends and recommends appropriate action
- Reviews requests for loan modifications
- Analyzes financial performance, negotiates credit terms, drafts proposals, reviews and negotiates loan documents, and oversees preparation of recommendations for approval
- Participates in building client relationships
- Handles both performing credits as well as distressed/turnaround credits, including managing accounts through restructuring and bankruptcy processes
Qualifications
- 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
Skills
- Business Acumen
- Coaching
- Decision Making
- Hiring and Onboarding
- Loan Structuring
- Collaboration
- Credit Documentation Requirements
- Oral Communications
- Risk Management
- Written Communications
- Change Management
- Client Solutions Advisory
- Executive Presence
- Organizational Effectiveness
- Underwriting
- Attention to Detail
- Client Management
- Decision Making
- Underwriting
- Credit Documentation Requirements
- Critical Thinking