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Portfolio Management - Sr Credit Officer

Chicago, Illinois;

Job Description:

Business Overview:

Bank of America Global Leasing is the largest U.S. equipment financing company, serving over 59,000 clients worldwide. We have $71 billion in total assets, and have a significant global presence, with nearly 1,000 associates. Together with our affiliated companies*, we provide equipment financing solutions to small businesses, middle-market and large corporations, offering product expertise in government financing and wholesale vendor financing, as well as tailored programs specific to industry segments, including aviation, healthcare, energy services and renewable energy.

*Certain products are offered through Banc of America Public Capital Corp, a wholly-owned subsidiary of Bank of America N.A.

Essential Functions:

The position is responsible for the ongoing portfolio management and monitoring of Bank of America’s Global Leasing Corporate, Commercial, Middle Market, Leveraged Finance, and Global Corporate Aircraft portfolio.  Management and monitoring responsibilities will include lending/leasing relationships with exposures up to $100MM+ that are assigned risk ratings the equivalent of regulatory Pass, Criticized, and Classified categories.  High Net Worth Individual and international accounts may also be included.

The LCSO will determine appropriate obligor and facility risk ratings through ongoing review of client financial statements, monitoring of news articles and other early warning alerts, as well as through interaction with Risk Management Officers, Marketing Officers, SAG Officers, Equipment Management Officers and Credit Underwriting Officers.  When a Bank relationship exists, the LCSO is expected to interact effectively with Bank Credit officers.  When required, the LCSO will contact the client directly. The LCSO’s assigned portfolio of accounts will likely include some troubled (workout) assets.

The LCSO will handle ad-hoc credit-related customer service request for clients (which may include negotiating amendments to existing leases or loans).  In addition, the LCSO may be asked to participate in periodic credit-related projects relating to a segment of the total portfolio and periodically may also be asked to underwrite new leasing exposure to new or existing clients.  Responsibilities may also include the training and mentoring of more junior associates, as well as ownership of various Leasing processes.

The successful LCSO will be able to simultaneously manage multiple demands and priorities while maintaining organization, adherence to deadlines and compliance with policy.  Additionally, the ability to anticipate and to proactively react to potential credit problems early in the process is critical.  

This position is posted as a Sr Credit Officer, but is flexible to be filled as a Credit Officer based on the skill set/experience of the candidate.

Preferred Education:

Undergraduate degree in finance or accounting; MBA preferred

Preferred Prior Work Experience:

10+ years experience in the commercial banking, leasing, or finance industry with solid credit underwriting or portfolio management experience, as well as significant credit and secured equipment finance knowledge.

Preferred Skills:

  • Foundation in commercial and large corporate credit analysis, with exposure to secured equipment-oriented finance.

  • Strong credit and risk analysis skills. Good aptitude or ability to understand elements of complex transaction structure.

  • Ability to work efficiently and productively on several transactions or tasks at one time.

  • Ability to interact effectively with clients.

  • Clear and articulate oral and written communication skills.

  • Computer skills: very comfortable with applications such as Word and Excel.

  • Ability to understand and work with project models.

  • Results oriented: able to meet deadlines.

  • 10% Travel

  • Preferred location- Chicago, Charlotte, Providence, Boston

Job Band:

H4

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Monday-Friday

Referral Bonus Amount:

3000

Job Description:

Business Overview:

Bank of America Global Leasing is the largest U.S. equipment financing company, serving over 59,000 clients worldwide. We have $71 billion in total assets, and have a significant global presence, with nearly 1,000 associates. Together with our affiliated companies*, we provide equipment financing solutions to small businesses, middle-market and large corporations, offering product expertise in government financing and wholesale vendor financing, as well as tailored programs specific to industry segments, including aviation, healthcare, energy services and renewable energy.

*Certain products are offered through Banc of America Public Capital Corp, a wholly-owned subsidiary of Bank of America N.A.

Essential Functions:

The position is responsible for the ongoing portfolio management and monitoring of Bank of America’s Global Leasing Corporate, Commercial, Middle Market, Leveraged Finance, and Global Corporate Aircraft portfolio.  Management and monitoring responsibilities will include lending/leasing relationships with exposures up to $100MM+ that are assigned risk ratings the equivalent of regulatory Pass, Criticized, and Classified categories.  High Net Worth Individual and international accounts may also be included.

The LCSO will determine appropriate obligor and facility risk ratings through ongoing review of client financial statements, monitoring of news articles and other early warning alerts, as well as through interaction with Risk Management Officers, Marketing Officers, SAG Officers, Equipment Management Officers and Credit Underwriting Officers.  When a Bank relationship exists, the LCSO is expected to interact effectively with Bank Credit officers.  When required, the LCSO will contact the client directly. The LCSO’s assigned portfolio of accounts will likely include some troubled (workout) assets.

The LCSO will handle ad-hoc credit-related customer service request for clients (which may include negotiating amendments to existing leases or loans).  In addition, the LCSO may be asked to participate in periodic credit-related projects relating to a segment of the total portfolio and periodically may also be asked to underwrite new leasing exposure to new or existing clients.  Responsibilities may also include the training and mentoring of more junior associates, as well as ownership of various Leasing processes.

The successful LCSO will be able to simultaneously manage multiple demands and priorities while maintaining organization, adherence to deadlines and compliance with policy.  Additionally, the ability to anticipate and to proactively react to potential credit problems early in the process is critical.  

This position is posted as a Sr Credit Officer, but is flexible to be filled as a Credit Officer based on the skill set/experience of the candidate.

Preferred Education:

Undergraduate degree in finance or accounting; MBA preferred

Preferred Prior Work Experience:

10+ years experience in the commercial banking, leasing, or finance industry with solid credit underwriting or portfolio management experience, as well as significant credit and secured equipment finance knowledge.

Preferred Skills:

  • Foundation in commercial and large corporate credit analysis, with exposure to secured equipment-oriented finance.

  • Strong credit and risk analysis skills. Good aptitude or ability to understand elements of complex transaction structure.

  • Ability to work efficiently and productively on several transactions or tasks at one time.

  • Ability to interact effectively with clients.

  • Clear and articulate oral and written communication skills.

  • Computer skills: very comfortable with applications such as Word and Excel.

  • Ability to understand and work with project models.

  • Results oriented: able to meet deadlines.

  • 10% Travel

  • Preferred location- Chicago, Charlotte, Providence, Boston

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-22039100

Band: H4

Manages People: No

Travel: Yes, 10% of the time

Manager:

Talent Acquisition Contact:

Jason Olomon

Referral Bonus:

3000