What are the responsibilities and job description for the Leasing Credit Officer II/Leasing Credit Senior Officer – Asset Based Finance position at Bank of America?
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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
Leasing Credit Senior Officer:
Responsible for delivery of integrated credit solutions to US State and Local governmental entities, including public higher education. Partner closely with client-facing teammates to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client. Key responsibilities include underwriting and negotiating new transactions, partnering with client-facing teammates to consult on sales opportunities, and providing the product expertise to deliver effective client solutions. Partner closely with client-facing teammates to provide the product expertise and consultation necessary to deliver the best possible solution to the client.
Proactively partners with client teams to plan key credit relationship strategy focusing on balance of risk and reward. Directly accountable for managing credit quality and the approval process through interaction with Risk Management Officers.
Leasing Credit Officer II:
This job is responsible for the delivery of integrated credit solutions to US State and Local governmental entities within Banc of America Public Capital Corporation. Key responsibilities include underwriting and negotiating new transactions, partnering with client-facing teammates to consult on sales opportunities, and providing the product expertise to deliver effective client solutions. Partner closely with client-facing teammates to provide the product expertise and consultation necessary to deliver the best possible solution to the client.
Proactively partners with client teams to plan key credit relationship strategy focusing on balance of risk and reward. Directly accountable for managing credit quality and the approval process through interaction with Risk Management Officers.
Responsibilities:
- Pre-screen new transactions for existing and new clients to determine credit worthiness and appropriate credit product solutions.
- Analyzing US State and Local governmental entities’ financial statements.
- Responsible for underwriting credit approval memoranda for mandated transactions, incorporating thorough credit analysis and due diligence.
- Participates in ongoing documentation negotiations as required.
Required Qualifications:
- 5 years of experience for the LCO II, and 10 years experience for the LCSO in commercial banking, finance or credit ratings industries with significant credit experience.
- Experience in the analysis and structuring of complex transactions
- Strong credit and risk analysis skills
- Strong presentation, structuring and financial statement analysis skills
- Proven ability to analyze, interpret and negotiate third party documentation
- Proven ability to identify trends and emerging risks in underwriting and client selection
- Proficient Microsoft Office skills
Desired Qualifications:
- Municipal Lending Experience
- Undergraduate degree in finance, accounting or related field preferred.
Skills:
- Risk Management
- Financial Analysis
- Research Analysis
- Loan Structuring
- Underwriting
- Credit and Risk Assessment
- Issue Management
- Credit Documentation Requirements
- Coaching
- Decision Making
- Analytical Thinking
- Collaboration
- Critical Thinking
- Customer and Client Focus’
- Leasing Structuring
- Public Finance Credit Experience
Shift:
1st shift (United States of America)Hours Per Week:
40
