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Commercial Credit Officer Healthcare, Education, Not for Profit - New York

Melville, New York;

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 client facing, highly skilled professional, providing expert level advisory guidance in structuring the most complex, integrated debt capital solutions. The CCO maintains knowledge of other BofAML 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 and will be aligned to an Underwriting Team that supports the New York and Long Island markets. 

Responsibilities:

  • Perform analysis of clients and prospects
  • Structuring and execution of sophisticated credit solutions, and the active management of asset quality
  • Negotiate and coordinate with clients and other banks on complex syndicated transactions
  • 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

Qualifications:

  •  BS/BA degree preferred and 10+ 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
  •  Outstanding verbal and written communication skills; ability to negotiate and communicate vertically, horizontally, and externally

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-23015436

Manages People: No

Travel: Yes, 5% of the time

New York pay and benefits information

New York pay range:

$100,000 - $197,300 annualized salary, offers to be determined based on experience, education and skill set.

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.