Credit Officer II-Community Developement Banking

About the role

This role 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.

As a Credit Officer, you will serve as the primary credit relationship contact, maintaining ongoing relationships with credit clients. You will work with clients to design and execute credit solutions, lead new credit originations in collaboration with client management, credit risk, and syndications, and advise the Commercial Real Estate Banking portfolio management and asset management groups on post-closing credit actions.

CDB Credit Officers are responsible for structuring project finance transactions, including tax credit equity and construction debt and bridge loans for affordable housing development. This role contributes to the Bank’s commitment to support low- to moderate-income individuals and communities through a profit-with-purpose model. The Credit Officer is typically an individual contributor reporting to the Senior Credit Manager and holds credit approval authority.

The role requires maintaining knowledge of other Bank of America products, including Investment Banking and Treasury Management, and leveraging this expertise to deliver integrated strategic solutions for clients or prospects.

Responsibilities

• Partner with relationship management and product partners to assess clients’ credit needs and create solutions.
• Lead loan structure conversations and negotiate loan documentation with clients and internal/external legal partners.
• Drive credit and risk approval processes for new credit originations, renewals, increases, and modifications.
• Lead ongoing monitoring efforts for a portfolio of clients in compliance with regulations, policy, and procedure.
• Drive the growth of funded loans and revenue while mitigating risks, maintaining asset quality, and adhering to regulatory requirements.
• Serve as an escalation point for complex credit transactions.
• Mentor and support associates.
• Lead the deal team for new originations, modification, and structuring of Bank debt and equity.
• Manage the underwriting of secured and unsecured transactions for Commercial Real Estate clients, including real estate-secured construction and term debt, tax credit equity investments, unsecured corporate revolvers, bridge financing, commercial agency warehouse lines, and subscription lines.
• Oversee underwriting once a credit opportunity is mandated, including due diligence, preparation of approval request documents, timely receipt of final loan approval, and resolution of any underwriting challenges in the loan closing process.
• Lead new credit originations and structure loans in collaboration with the relationship coverage team, product partners, Risk, Syndications, and Treasury.
• Manage the end-to-end process for loan and equity originations, modifications, and extensions, including structuring, due diligence, gaining approval, and closing.
• Engage legal counsel and oversee document review and closing process.
• Assist and advise the Commercial Real Estate Banking portfolio monitoring and asset management groups on post-closing actions as needed.

Requirements

• 5+ years in a tax credit lending and investing-related field, as well as demonstrated financial analysis experience.
• Solid experience in financial analysis, structuring, underwriting, and portfolio management.
• Strong communication and analytical/technical skills, including financial accounting, modeling, loan structuring, and documentation.
• Familiarity with core banking products.
• Understanding of the regulations governing Banking and Commercial Real Estate (CRE) lending.
• Maintains knowledge of other banking products, including Investment Banking, Interest Rate Hedging, and Treasury Management, that have credit exposure.
• Expertise in the origination of tax credit equity investments as well as debt.
• Knowledge of tax program requirements, financial concepts, and commercial real estate.

Qualifications

• Credit training and financial modeling proficiency.
• Credit Center proficiency.
• Understanding of compliance and tax requirements.
• Real estate and contract negotiation experience.
• Bachelor’s Degree (or equivalent experience).
• High School Diploma / GED / Secondary School or equivalent (minimum education requirement).

Skills

• Business Acumen
• Coaching
• Decision Making
• Hiring and Onboarding
• Loan Structuring
• Collaboration
• Credit Documentation Requirements
• Oral Communications
• Risk Management
• Written Communications
• Change Management
• Executive Presence
• Organizational Effectiveness
• Underwriting

Schedule

1st shift (United States of America), 40 hours per week.