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!

Job Description:

Responsible for delivery of integrated credit solutions to corporate and high net worth clients. Partner closely with client-facing teammates in both the Global Corporate Bank and Global Wealth Investment Management to consult on sales opportunities and 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 will include interacting with financing product specialists for the Global Corporate Aircraft Finance product group.

Job Responsibilities:

Pre-screen new transactions for existing and new clients to determine credit worthiness and appropriate credit product solutions
Analyzing High Net Worth Individuals’ financial statements, business and personal tax returns as well as business financial statements to assess clients ability to repay loans/leases
Responsible for underwriting credit approval memoranda for mandated transactions, incorporating thorough credit analysis and due diligence
Participates in ongoing documentation

Required Qualifications:

5+ years' experience for the LCO II 7+ years’ experience for the LCSO in commercial credit or leasing credit industry with significant credit analysis, risk analysis and underwriting experience
Has an expert level of industry, skill, and product knowledge and the ability to underwrite complex transactions
Strong ability to analyze High Net Worth Individuals’ financial statements, business and personal tax returns as well as business financial statements to assess client’s ability to repay loans/leases
Extensive presentation, structuring, and ability to interpret and negotiate third party documentation
Identify trends and emerging risks in underwriting and client selections

Desired Qualifications:

Undergraduate degree in finance or accounting; MBA preferred
Extensive presentation, structuring, and ability to interpret and negotiate third party documentation
Identify trends and emerging risks in underwriting and client selections

Skills:

Financial Analysis
Loan Structuring
Research Analysis
Risk Management
Underwriting
Coaching
Credit Documentation Requirements
Credit and Risk Assessment
Decision Making
Issue Management
Account Management
Analytical Thinking
Collaboration
Critical Thinking
Customer and Client Focus
Organization, Time Management, Teamwork

Shift:

1st shift (United States of America)

Hours Per Week:

Pay Transparency details

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - RI - Providence - 1 Financial Plaza (RI1537)Pay and benefits informationPay range$81,000.00 - $200,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, 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.