Job Description:
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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
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Job Description:
This job is responsible for the delivery of integrated credit solutions to clients as well as on-going portfolio management. Key responsibilities include underwriting and negotiating new transactions, partnering with client-facing teammates to consult on sales opportunities, and providing the product expertise to deliver effective client solutions. Job expectations include providing on-going monitoring of client portfolios, ensuring accurate and timely analysis of financial statements, assignment of risk ratings, and required client reviews.
The client team members are responsible for interacting with financing product specialists for Healthcare, Education & Not-For-Profit Finance.
Responsibilities:
- Evaluates new end-user credit opportunities including identification and assessment of risks and identifies mitigating factors
- Partners with client-facing teammates to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client
- Underwrites new transactions, analyzes credit risk, negotiates and closes deals, while adhering to internal policy, procedures and regulatory requirements
- Structures the terms of a lease/loan with respect to the various aspects that make up a lease/loan (e.g. pricing, rates, payment, term, collateral)
- Manages the credit process for a portfolio of clients including reviewing financial statements, assessing the client's compliance with financial covenants, confirming the accuracy of risk ratings, and recommending changes as warranted
Required Qualifications:
- 5+ years' experience in commercial banking, leasing, insurance, finance or rating agency industries with significant credit experience in Healthcare, Education & Not-For-Profit
- 2+ years' experience with presentation, structuring and financial statement analysis
- Demonstrated ability to analyze, interpret and negotiate third party documentation
- Experience identifying trends and emerging risks in underwriting and client selection
- Proficient Microsoft Office skills
Desired Qualifications:
- Experience in the analysis and structuring of complex transactions
- Undergraduate degree in Finance or Accounting, MBA a plus
Skills:
- Financial Analysis
- Loan Structuring
- Research Analysis
- Risk Management
- Underwriting
- Account Management
- Credit Documentation Requirements
- Credit and Risk Assessment
- Decision Making
- Issue Management
- Analytical Thinking
- Coaching
- Collaboration
- Critical Thinking
- Customer and Client Focus
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 - MD - Hunt Valley - 11333 MCCORMICK RD - HUNT VALLEY II (MD5032), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100), US - RI - Providence - 1 Financial Plaza (RI1537)
Pay and benefits information
Pay range
$70,000.00 - $167,200.00 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.