Product Specialist II - Credit

Responsibilities

• Identifies markets and participates in the valuation of products
• Evaluates residual values in product contracts
• Works with cross-functional teams to support product development and execution
• Prepares financial spreads and risk rating scorecards, as well as drafts of preliminary sections of credit approval memos
• Captures documentation and due diligence for credit transactions
• Tracks covenants, financial reporting, and compliance items
• Trains entry-level Product Specialist
• Ensures that bank systems (including the Bank of America Business Capital (BABC) loan system) have the proper information to facilitate the daily treasury transactions with the ABL Loan
• Accountable for ensuring all documentation including Deposit Account Control Agreements are correct and in place.
• Responsible for risk mitigation actions to protect the Bank from loss associated with accounts and treasury services.

Requirements

• Expert in BAC treasury systems, services, capabilities and constraints including DDA platforms, Salesforce, OBA, GFS, iCon, etc
• Knowledge of ABL treasury requirements and BABC procedures
• Proficient in M365 including, Word, Excel, PowerPoint and CoPilot, Salesforce
• 3 years of experience in treasury services and risk mitigation
• Expertise and knowledge of capabilities and constraints of Bank’s treasury management services and corporate DDA platforms
• Expertise in ABL treasury requirements and BABC operating procedures for loan servicing
• Possess strong analytical skills
• Strong communicator who is able to speak with authority with clients and internal business partners including higher management
• Able to use sound judgment in the face of pressure and time deadlines and moves with a sense of urgency
• Able to solve problems effectively and quickly find resolution to issues