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CREB Credit Officer

Mclean, Virginia

Job Description:

Role Overview:

CREB Credit Officer (CO) is the primary credit relationship contact with the client.  The CO leads new credit originations and is directly responsible to coordinate and collaborate with client management, syndications (as needed), and credit risk.   The CO, with assistance from an assigned UW, will work directly with clients from deal structuring through final credit approval, legal document negotiations and closing. The CO will also assist and advise the CREB portfolio group with any post-closing actions as needed.  The CO is a member of the CREB market team and is aligned to LOB regions/markets and is assigned a portfolio of clients. The CO is typically an individual contributor who reports to a CREB Senior Credit Products Manager. The CO holds credit approval authority. The CO maintains knowledge of other BofA products including Investment Banking and Treasury Management and leverages product expertise to deliver the best possible and optimally integrated strategic solution for the client or prospect. The role is balanced between analysis of clients and prospects and their industries, design and execution of solutions, and the active management of asset quality. Client facing, the CO collaborates with the Relationship Manager (RM), Treasury Solutions Officer (TSO), and other product partners, when needed, to assess client needs, design integrated solutions and deliver the bank to clients and prospects. Successful candidates will possess functional expertise and will have demonstrated strong performance with a focus on collaboration, driving operational excellence and the ability to influence leaders, peers and clients.

The CO is responsible for all debt and equity products (i.e., construction debt, non-FHA permanent debt, as well as all types of equity product solutions)

Functional Role Description:

  • Originate and structure loans

  • Manage underwriting and credit approval process

  • Prepare / Circulate / present DSM, term sheets

  • Engage outside counsel / Lead document review and closing process with UW assistance

Role Qualifications:

  • 10+ years’ experience within a financial institution

  • Knowledge of the primary functions of the Commercial Real Estate Banking teams at Bank of America

  • Familiarity with core banking products

  • Understanding of the regulations that govern CRE lending

  • Solid experience in financial analysis, structuring, underwriting and portfolio management, strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring.

  • Maintains knowledge of other BofAML products including Investment Banking, Interest Rate Hedging, and Treasury Management that have credit exposure, and leverages product expertise to deliver the best possible and optimally integrated strategic solution for the client or prospect.

Leadership Competencies:

  • Demonstrates strong business and financial acumen, while acting ethically and responsibly at all times

  • Ensures self and others maintain a strong focus on client needs

  • Manages client relationships in a manner that makes it easier to do business with our company

  • Leads the delivery of practical, innovative solutions to clients that meet their individual needs

  • Demonstrates and encourages collaboration, connection and teamwork within and beyond his/her team

  • Focuses on and recognizes team success

  • Actively builds and sustains long-term relationships, both internally and externally, based on mutual trust

  • Intellectually curious; constantly seeks to learn and advance his/her knowledge

  • Remains positive and focused during times of pressure, adversity, or change

  • Resilient; quickly adjusts behaviors in order to be successful.

  • Effective communication skills, both written and oral, using clear, concise and simple language

  • Demonstrates a bias for action and a commitment to achieving sustainable results

  • Makes timely and fact-based decisions

  • Ensures rigorous thinking and analysis have been used when making a decision

**Manager reserves the right to hire at the VP or SVP level, dependent upon candidate’s experience**

Job Band:

H4

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Role Overview:

CREB Credit Officer (CO) is the primary credit relationship contact with the client.  The CO leads new credit originations and is directly responsible to coordinate and collaborate with client management, syndications (as needed), and credit risk.   The CO, with assistance from an assigned UW, will work directly with clients from deal structuring through final credit approval, legal document negotiations and closing. The CO will also assist and advise the CREB portfolio group with any post-closing actions as needed.  The CO is a member of the CREB market team and is aligned to LOB regions/markets and is assigned a portfolio of clients. The CO is typically an individual contributor who reports to a CREB Senior Credit Products Manager. The CO holds credit approval authority. The CO maintains knowledge of other BofA products including Investment Banking and Treasury Management and leverages product expertise to deliver the best possible and optimally integrated strategic solution for the client or prospect. The role is balanced between analysis of clients and prospects and their industries, design and execution of solutions, and the active management of asset quality. Client facing, the CO collaborates with the Relationship Manager (RM), Treasury Solutions Officer (TSO), and other product partners, when needed, to assess client needs, design integrated solutions and deliver the bank to clients and prospects. Successful candidates will possess functional expertise and will have demonstrated strong performance with a focus on collaboration, driving operational excellence and the ability to influence leaders, peers and clients.

The CO is responsible for all debt and equity products (i.e., construction debt, non-FHA permanent debt, as well as all types of equity product solutions)

Functional Role Description:

  • Originate and structure loans

  • Manage underwriting and credit approval process

  • Prepare / Circulate / present DSM, term sheets

  • Engage outside counsel / Lead document review and closing process with UW assistance

Role Qualifications:

  • 10+ years’ experience within a financial institution

  • Knowledge of the primary functions of the Commercial Real Estate Banking teams at Bank of America

  • Familiarity with core banking products

  • Understanding of the regulations that govern CRE lending

  • Solid experience in financial analysis, structuring, underwriting and portfolio management, strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring.

  • Maintains knowledge of other BofAML products including Investment Banking, Interest Rate Hedging, and Treasury Management that have credit exposure, and leverages product expertise to deliver the best possible and optimally integrated strategic solution for the client or prospect.

Leadership Competencies:

  • Demonstrates strong business and financial acumen, while acting ethically and responsibly at all times

  • Ensures self and others maintain a strong focus on client needs

  • Manages client relationships in a manner that makes it easier to do business with our company

  • Leads the delivery of practical, innovative solutions to clients that meet their individual needs

  • Demonstrates and encourages collaboration, connection and teamwork within and beyond his/her team

  • Focuses on and recognizes team success

  • Actively builds and sustains long-term relationships, both internally and externally, based on mutual trust

  • Intellectually curious; constantly seeks to learn and advance his/her knowledge

  • Remains positive and focused during times of pressure, adversity, or change

  • Resilient; quickly adjusts behaviors in order to be successful.

  • Effective communication skills, both written and oral, using clear, concise and simple language

  • Demonstrates a bias for action and a commitment to achieving sustainable results

  • Makes timely and fact-based decisions

  • Ensures rigorous thinking and analysis have been used when making a decision

**Manager reserves the right to hire at the VP or SVP level, dependent upon candidate’s experience**

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21026645

Band: H4

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Tamika Gabriel

Referral Bonus:

0

Street Address

Primary Location:
8300 Greensboro Dr, VA, Mclean, 22102