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Sr. Credit Products Officer

Seattle, Washington;

Job Description:

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.

*Required Skills: “Must” have these skills to be minimally qualified. Undergraduate degree in Finance or Accounting. 5-10+ years of solid experience in general commercial credit analysis including underwriting, structuring, documentation, and portfolio management. Ability to explain and defend borrower financial analysis to manager and credit officers Confidence and ability to develop an independent viewpoint and present a business case to support conclusions. Excellent interpersonal skills, experience working in a team environment, ability to help influence constituencies with diverse views towards consensus. Coaching and Mentoring skills. Ability to interact directly with clients on a professional, consultative basis. Strong knowledge and comprehension of loan and collateral documentation. Ability to multi-task and continually modify the priority of assigned workflow. Strong verbal and written communication skills Strong Microsoft Office Software skills. Desired Skills: Prior experience leading a team. Prior experience mentoring less experienced associates. Completion of a formal commercial credit training program. Knowledge of the franchised automobile business. Prior sales experience at the Owner / CFO level.

Job Band:

H4

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

​Monday - Friday, 8-5

Referral Bonus Amount:

0

Job Description:

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.

*Required Skills: “Must” have these skills to be minimally qualified. Undergraduate degree in Finance or Accounting. 5-10+ years of solid experience in general commercial credit analysis including underwriting, structuring, documentation, and portfolio management. Ability to explain and defend borrower financial analysis to manager and credit officers Confidence and ability to develop an independent viewpoint and present a business case to support conclusions. Excellent interpersonal skills, experience working in a team environment, ability to help influence constituencies with diverse views towards consensus. Coaching and Mentoring skills. Ability to interact directly with clients on a professional, consultative basis. Strong knowledge and comprehension of loan and collateral documentation. Ability to multi-task and continually modify the priority of assigned workflow. Strong verbal and written communication skills Strong Microsoft Office Software skills. Desired Skills: Prior experience leading a team. Prior experience mentoring less experienced associates. Completion of a formal commercial credit training program. Knowledge of the franchised automobile business. Prior sales experience at the Owner / CFO level.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21055392

Band: H4

Manages People: No

Travel: Yes, 25% of the time

Manager:

Talent Acquisition Contact:

Tamika Gabriel

Referral Bonus:

0

Starting Colorado pay:

$126,500 annual salary

Starting pay explanation

This is the starting pay, actual offers to be negotiated based on applicant’s skills, experience and education.

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, 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.

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