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Commercial Credit Officer

Chicago, Illinois

Job Description:

Bank of America's Healthcare Education and Not For Profit (HENFP) banking group is seeking a Commercial Credit Officer.  HENFP is part of the Commercial Bank and supports the financial needs of a variety of 501c3 not for profit clients including healthcare, private universities, colleges and K-12 schools, cultural, professional and social service organizations.

The Commercial Credit Officer (CCO) is a highly skilled resource, providing expert level advisory guidance in the most complex, integrated debt capital solutions for commercial banking clients.  Products include lines of credit, term loans (both taxable loans and tax exempt direct purchases), real estate loans, and syndicated loans.  The CO manages all of the ancillary credit exposure to clients. The CO maintains knowledge of other BofA products including Investment Banking 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. This role reports to the Commercial Credit Manager or Executive and will be aligned to an Underwriting Team that supports the market. This role will specifically support activity in​ the Mid-West market serving a broad ranges of clients.​

Responsibilities:

  • Perform analysis of clients and prospects and their industries

  • Design and execution of credit solutions, and the active management of asset quality

  • 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

  • Serve as Line/Credit approver in conjunction with Risk management based on credit approval grid and drives the internal credit approval process, loan documentation and closing

  • Provides ongoing coaching and support to other Credit team members.

Required Skills:

  • BS/BA degree desired and 7+ years of solid commercial banking experience

  • Experience in financial analysis, structuring, underwriting and portfolio management

  • Analytical/technical skills, including financial accounting, modeling and loan structuring

  • Strong communication and negotiation skills; ability to communicate vertically, horizontally, and externally

  • Industry knowledge across multiple sectors, including tax exempt financing.

Job Band:

H4

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

​M-F - 8-5

Referral Bonus Amount:

0

Job Description:

Bank of America's Healthcare Education and Not For Profit (HENFP) banking group is seeking a Commercial Credit Officer.  HENFP is part of the Commercial Bank and supports the financial needs of a variety of 501c3 not for profit clients including healthcare, private universities, colleges and K-12 schools, cultural, professional and social service organizations.

The Commercial Credit Officer (CCO) is a highly skilled resource, providing expert level advisory guidance in the most complex, integrated debt capital solutions for commercial banking clients.  Products include lines of credit, term loans (both taxable loans and tax exempt direct purchases), real estate loans, and syndicated loans.  The CO manages all of the ancillary credit exposure to clients. The CO maintains knowledge of other BofA products including Investment Banking 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. This role reports to the Commercial Credit Manager or Executive and will be aligned to an Underwriting Team that supports the market. This role will specifically support activity in​ the Mid-West market serving a broad ranges of clients.​

Responsibilities:

  • Perform analysis of clients and prospects and their industries

  • Design and execution of credit solutions, and the active management of asset quality

  • 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

  • Serve as Line/Credit approver in conjunction with Risk management based on credit approval grid and drives the internal credit approval process, loan documentation and closing

  • Provides ongoing coaching and support to other Credit team members.

Required Skills:

  • BS/BA degree desired and 7+ years of solid commercial banking experience

  • Experience in financial analysis, structuring, underwriting and portfolio management

  • Analytical/technical skills, including financial accounting, modeling and loan structuring

  • Strong communication and negotiation skills; ability to communicate vertically, horizontally, and externally

  • Industry knowledge across multiple sectors, including tax exempt financing.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-22002568

Band: H4

Manages People: No

Travel: Yes, 25% of the time

Manager:

Talent Acquisition Contact:

Adriana Shore

Referral Bonus:

0

Street Address

Primary Location:
110 N Wacker Dr, IL, Chicago, 60606