Product Specialist II - Credit

Responsibilities

• Supports credit analysts and relationship managers in underwriting and servicing specialized credit products.
• Evaluates residual values in product contracts and works with cross-functional teams to support product development and execution.
• Prepares financial spreads and risk rating scorecards, drafts of preliminary sections of credit approval memos, coordinates documentation and due diligence for credit transactions, tracks covenants, financial reporting, and compliance items.
• Trains entry-level Product Specialists.
• Ensures that bank systems (including the BABC loan system) have the proper information to facilitate daily treasury transactions with the ABL Loan.
• Accounts for the correctness and presence of Deposit Account Control Agreements.
• 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.

Qualifications

• Bachelor’s of Science of Finance preferred or equivalent work experience.
• Attention to Detail, Collaboration, Collateral Management, Data Collection and Entry, Due Diligence, Data and Trend Analysis, Issue Management, Monitoring, Surveillance, and Testing, Problem Solving, Recording/Organizing Information, Active Listening, Adaptability, Audit Planning, Fraud Management.