Bank of America Corporation

Credit Officer II

Bank of America Corporation$90K — $120K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 10+ years of Commercial Banking Underwriting experience.
  • Experience in financial analysis, structuring, underwriting, and portfolio management.
  • Strong analytical/technical skills including financial accounting and modeling.
  • Ability to communicate effectively across all levels and departments.
  • Knowledge of multiple industry sectors.

Responsibilities

  • Evaluates credit worthiness and makes decisions on credit facility approvals.
  • Collaborates with Client Management teams on credit opportunities.
  • Manages client originations, including credit structuring and deal closing.
  • Ensures data accuracy and quality in compliance with internal policies.
  • Monitors client performance, identifying financial issues and opportunities.
  • Oversees loan maturities and collaborates with Analysts to mitigate risks.
  • Discusses deteriorating assets with the Special Assets Group as needed.
  • Participates in regional meetings to share credit delivery best practices.

Benefits

  • Opportunity to provide expert-level guidance in complex debt capital solutions.
  • Engagement with diverse commercial banking clients and challenges.
  • Potential for professional growth through collaboration and mentoring.
  • Access to a comprehensive suite of BofA products and services related to credit.
Full Job Description
Job Description:

The local markets Credit Officer II role is a highly skilled resource, providing expert level advisory guidance in the most complex, integrated debt capital solutions for commercial banking clients. Products include lines of credit, term loans, real estate loans, and syndicated loans. The CO manages all of the ancillary credit exposure to clients. The CO maintains knowledge of other BofA 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 job includes responsibilities for structuring, negotiating, documenting credit analysis, independently assessing historic and projected borrower financial information, evaluating adherence to policy and procedure, providing loan structure analysis and recommendations, and monitoring portfolio performance. This role reports to the Commercial Credit Manager or Executive that supports the market.

Responsibilities:
  • Evaluates credit worthiness and provides analysis and decisioning on whether a client should receive a credit facility
  • Collaborates with Client Management teams to perform analysis of credit opportunities and prospects at the bank
  • Manages client and prospect originations including initial credit structuring, underwriting, legal documentation review, and deal closing
  • Delivers on data accuracy and quality of underwriting metrics in compliance with internal policies and procedures
  • Monitors the client's operating performance and financial condition, proactively identifying issues and opportunities
  • Monitors assigned portfolios of client loan maturities and collaborates with Analysts to continuously recognize and address risks in a timely manner
  • Escalates and debates deteriorating assets in partnership with the Special Assets Group and Risk as appropriate
  • Participates in Regional and Market meetings to communicate credit delivery best practices and results

Skills:
  • Collaboration
  • Decision Making
  • Loan Structuring
  • Underwriting
  • Written Communications
  • Analytical Thinking
  • Attention to Detail
  • Credit Documentation Requirements
  • Interpret Relevant Laws, Rules, and Regulations
  • Mentoring
  • Issue Management
  • Negotiation
  • Oral Communications
  • Prioritization
  • Risk Management


Required Qualifications:
  • 10+ years of solid Commercial Banking Underwriting experience
  • Experience in financial analysis, structuring, underwriting and portfolio management
  • Analytical/technical skills, including financial accounting, modeling and loan structuring
  • Strong communication skills; ability to communicate vertically, horizontally, and externally
  • Industry knowledge across multiple sectors


Minimum Education Requirement: BA/BS Degree Desired

Shift:
1st shift (United States of America)

Hours Per Week:
40

About Bank of America Corporation

Bank of America Merrill Lynch is the corporate and investment banking division of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch following the acquisition of the latter by the former in January 2009. Bank of America completed the acquisition of Merrill Lynch & Co on 1 January 2009. Bank of America began rebranding all of its corporate and investment banking activities under the Bank of America Merrill Lynch name in September 2009. In April 2010, Bank of America Merrill Lynch appointed Christian Meissner as head of investment banking for Europe, Middle East and Africa. In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banking operations into a single division. In October 2013, Bank of America Merrill Lynch was recognised as the Most Innovative Investment Bank of the Year in The Banker's Investment Banking Awards.

Bank of America Corporation Careers

Join the dynamic team at Bank of America Corporation, a premier global financial institution where innovation, leadership, and growth go hand in hand. As one of the largest banks in the world, we offer unparalleled job opportunities and a culture that values diversity, inclusion, and professional growth. Work You’ll Do At Bank of America Corporation, you’ll be part of a team that’s dedicated to making a real difference. Whether you’re helping families buy their first home, advising businesses on expansion, or developing cutting-edge financial technologies, your work will have an impact. Our commitment to leadership in the financial industry has never been stronger, and we need passionate, skilled professionals to lead our journey. Explore a World of Opportunities From entry-level positions to leadership roles, Bank of America Corporation offers a variety of career paths in areas such as investment banking, technology, marketing, and risk management. Our job opportunities span the globe, providing the chance to work alongside the best in the industry and develop skills that will propel your career forward. Internship Programs Kickstart your career with Bank of America Corporation’s internship programs. These opportunities provide hands-on experience and a chance to engage in meaningful work that complements your academic studies. Interns gain invaluable networking opportunities, receive mentorship from seasoned professionals, and learn about the culture and operations of a global financial leader. Benefits and Growth Bank of America Corporation is committed to the well-being and continuous professional development of our team members. We offer a competitive benefits package that supports the health, financial stability, and work-life balance of our employees. Our training programs and development initiatives ensure that every team member has the opportunity to grow and advance within the company. Inclusive Culture We believe our strength lies in our diversity. Bank of America Corporation fosters an inclusive environment where all employees can thrive. Through diversity training and a commitment to equal opportunities, we cultivate leadership and innovation that reflect the wide-ranging communities we serve. Join Our Team Are you ready to advance your career at a company that’s at the forefront of the financial industry? Explore the positions available at Bank of America Corporation and find where your skills and interests align with our needs. We are continuously hiring and looking for individuals who are curious, creative, and eager to drive change. Stay Connected Keep up to date with the latest from Bank of America Corporation Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that match your career interests and get insider tips that can help you during your application and interview process. Bank of America Corporation is not just a company—it’s a place where you can shape your future and the future of finance. Join us and be part of a team that’s redefining what a bank can be.
Learn more about Bank of America Corporation
Size
208,000 employees
Market Cap
$260.3 billion
Industry
Net Income
$17.8 billion
Founded
1998
5 Year Trend
-1.4%
NASDAQ

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