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Credit Officer I/II-Technology, Media, Telecom & Gaming
entry · Corporate Finance
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:
This job is responsible for managing clients and related credit products, partnering closely with relationship management, sales/trading, treasury management, operations and risk teams to support the client relationship. Key responsibilities include underwriting, monitoring, managing operational needs and/or client requests. Job expectations include credit-focused client management responsibilities, independent thought leadership, strong leadership skills, the ability to provide feedback to less experienced teammates and may also manage a team.
Responsibilities:
- Partners with relationship management and product partners to assess clients’ credit needs and create solutions
- Leads loan structure conversations and negotiates loan documentation with clients and internal/external legal partners
- Drives credit and risk approval processes for new credit originations, renewals, increases, and modifications
- Leads ongoing monitoring efforts for a portfolio of clients in compliance with regulations, policy and procedure
- Drives the growth of funded loans and revenue while mitigating risks, maintaining asset quality and adhering to regulatory requirements
- Serves as an escalation point for complex credit transactions
- Mentors and supports associates
- Oversees and assesses the credit worthiness of borrowers based on due diligence findings, financial statement analysis, forecasting, analysis of company and industry risks, terms and conditions, and relationship profitability to provide high quality credit approval to Corporate Banking, Investment Banking, Global Markets, and Treasury
- Exercises Delegated Approval Authority using sound judgment and expertise to make approval decisions for the business including new lending limits, structuring and negotiating deal terms, credit worthiness, annual reviews and renewals, risk ratings, and breach actions
- Leads new credit originations in coordination and collaboration with the coverage teams including Relationship Managers, Risk, Syndications, Treasury, and all other product partners
Required Qualifications:
- 5+ years Corporate/Commercial credit experience
- Strong understanding of accounting and corporate finance
- Strong understanding of legal credit agreements
- Strong knowledge of ancillary bank products (treasury, cash management, derivatives)
- Strong business writing skills
- Ability to coach junior teammates
Desired Qualifications:
- Specific experience within Technology, Media, Telecom & Gaming industries
- Bachelor’s Degree in Finance or related
Skills:
- Analytical Thinking
- Credit and Risk Assessment
- Financial Analysis
- Loan Structuring
- Underwriting
- Attention to Detail
- Business Acumen
- Financial Forecasting and Modeling
- Research Analysis
- Written Communications
- Business Development
- Collaboration
- Critical Thinking
- Portfolio Analysis
- Stakeholder Management
Shift:
1st shift (United States of America)Hours Per Week:
40