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Asset Based Credit Officer / Sr. Asset Based Credit Officer

Chicago, Illinois;

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Bank of America Business Capital (“BABC”) is looking to hire a banker covering a portfolio of asset-based lending clients.  BABC provides asset-based loans to clients in the Global Commercial and Global Corporate and Investment Banks, partnering closely with relationship management and product partners.  Typical focus is syndicated and sole lender facilities ranging in size from $20 million to up to $5 billion.

The role will be client-facing, with primary responsibilities including understanding client financial and collateral trends to evaluate credit needs and manage risk, deepening client relationships, and growing funded loans and credit revenue.  The target candidate would be expected to handle complex credit requests, manage a mix of syndicated and sole lender transactions, and mentor junior associates.  Some travel would be required to meet with clients.

The position could be filled at the SVP or VP level.

Job Responsibilities:

  • Understand client financial and collateral trends to evaluate credit needs and manage risk

  • Deepen client relationships

  • Grow funded loans and credit revenue

  • Manage complex transactions and bank groups

  • Negotiate legal documentation

  • Mentor junior associates

Required Qualifications:

  • 5+ years’ experience in asset-based lending, cash flow credit, and/or relationship management

  • Sound understanding of credit, transaction structuring, and financial and collateral analysis

  • Detailed understanding of legal documentation

  • Proactive and confident communication skills (both verbal and written) to interact with senior management, clients, attorneys, and financial sponsors


  • Attention to Detail

  • Client Management

  • Decision Making

  • Underwriting

  • Credit Documentation Requirements

  • Critical Thinking

  • Portfolio Management

  • Problem Solving

  • Written Communications

  • Financial Analysis

  • Negotiation

  • Focused and well organized

  • Thrive in a fast-paced business environment

  • Strong time management skills

Minimum Education Requirement: bachelor’s or master’s degree


1st shift (United States of America)

Hours Per Week: 


Learn more about this role

Full time


Manages People: No

Travel: Yes, 10% of the time