Bank of America's Dealer Financial Services Group ("DFS") is seeking a Sr. Credit Products Officer ("SCPO"). DFS supports the financial needs of publicly and privately held franchised automobile dealers. Our credit product suite includes floor plan funding for inventory, real estate term loans, acquisition / expansion financing, as well as derivative products (interest rate swaps) and a full spectrum of Treasury Management products and services.
The SCPO serves as a key member of the Commercial Client Team in handling the clients financial needs, ensuring that the overall client experience is favorable, and that the bank is in a position to expand the relationship. The client team is charged with helping clients achieve their overall financial goals via the delivery of our debt and deposit capabilities, as well as the full breadth of services offered by Bank of America.
Working closely with the client team, the SCPO's role in the credit process is the guidance and oversight of underwriting, structuring, and documentation of credit requests on an assigned portfolio. This includes an evaluation of the financial standing of the client or prospect and the appropriateness of the existing or proposed credit structure, and suggestion of any changes to help optimize the relationship. The SCPO is able to underwrite and structure complex credit transactions with minimal oversight. SCPO’s provide ongoing coaching and support to other Credit Products team members, reporting to the Sr. Credit Products Manager, and partner closely with Client Managers and the Credit Risk Manager (CRMs). In addition, the SPMO will have some travel time with face-to-face interaction with our dealer clients.
The SCPO interacts with clients and prospects to understand their financial goals and objectives, current and future financial performance, and their needs and desires for their banking relationship. The SCpO will also be involved in the negotiation and closing process for transactions in their portfolio. The SCPO oversees the monitoring of their assigned portfolio to maintain credit quality, and to ensure timely recognition and management of any changes via the use of the bank’s proprietary risk rating tool, and the review of various compliance, exception and past due reports.
General qualifications include: a BS/BA degree and 5 -10+ years of solid experience in financial analysis, structuring, underwriting and portfolio management, strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring.
Shift:1st shift (United States of America)
Hours Per Week:40
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