Bank of America Corporation

Credit Officer - Leasing/Asset Based Finance

Bank of America Corporation$68K — $135K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 1+ years of Commercial and/or Leasing credit experience
  • Proficiency in Microsoft Excel, Word, and Outlook
  • Ability to meet deadlines and objectives
  • Demonstrates professional maturity
  • Effectively collaborates in teams and independently

Responsibilities

  • Verify data for new deals in source systems
  • Monitor credit compliance and manage past-due accounts
  • Ensure data accuracy and source financial statements
  • Proactively follow-up on credit monitoring activities
  • Support the credit management process for Leasing portfolios

Benefits

  • Industry-leading benefits package
  • Access to paid time off
  • Resources and support for employee well-being
  • Opportunities to contribute to business growth and community impact
  • Annual discretionary incentive eligibility
Full Job Description
Job Description:

This job is responsible for assisting in the delivery of integrated credit solutions to clients as well as on-going portfolio management. Job expectations include providing on-going monitoring of client portfolios, ensuring accurate and timely analysis of financial statements, assignment of risk ratings, and required client reviews. Support the end-to-end credit management process for the Leasing portfolio, partnering with Credit Underwriters and Portfolio Management officers to provide on-going monitoring of Leasing portfolios. Ensure adherence to Credit Policy, process, procedures and regulatory guidelines. Focus on compliance with Credit monitoring metrics.

Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy this has been added to stay in compliance with posting guidelines.

Responsibilities:
  • Data verification of new deals on source systems
  • Monitoring credit compliance and past-due exceptions; ensuring data integrity; and sourcing of financial statements and covenant compliance certificates
  • Proactively ensures timely follow-up of credit monitoring activities to facilitate a sound credit portfolio


Required Qualifications:
  • 1 + years of Commercial and/or Leasing credit related experience
  • Computer proficiency including Excel, Word, Outlook and other applications
  • Ability to accomplish objectives in a specified timeframe
  • Exhibit professional maturity
  • Works effectively, both as a team member and independently


Desired Qualifications:
  • Undergraduate and or business degree


Skills:
  • Analytical Thinking
  • Credit and Risk Assessment
  • Financial Analysis
  • Research Analysis
  • Underwriting
  • Attention to Detail
  • Business Acumen
  • Financial Forecasting and Modeling
  • Loan Structuring
  • Written Communications
  • Business Development
  • Collaboration
  • Critical Thinking
  • Portfolio Analysis
  • Stakeholder Management


Shift:
1st shift (United States of America)

Hours Per Week:
40

Pay Transparency details

US - RI - Providence - 1 Financial Plz - 1 Financial Plaza (RI1537)

Pay and benefits information

Pay range

$68,000.00 - $135,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This 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.

Benefits

This 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.

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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