Commercial Credit Officer

Bank of America; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

A leading financial institution seeks a Credit Officer to manage a portfolio of middle market and business banking clients. The role demands expertise in credit solutions, negotiation, and relationship-building with a focus on delivering integrated strategies for clients. Applicants should have extensive experience in commercial credit underwriting and a bachelor's degree.

Qualifications

• 10+ years experience in Commercial Credit Underwriting in Middle Market Banking or Leverage Transactions required.
• Strong presentation skills and deal analysis capabilities are essential.
• Familiarity with acquisition finance and associated documentation necessary.

Responsibilities

• Manages the credit process for a portfolio of clients.
• Leads the credit and risk approval processes.
• Builds relationships with existing and prospective clients.

Skills

Client Solutions Advisory

Loan Structuring

Account Management

Credit Documentation Requirements

Credit and Risk Assessment

Decision Making

Issue Management

Analytical Thinking

Coaching

Critical Thinking

Customer and Client Focus

Education

BA/BS Degree

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 a portfolio of middle market and business banking clients and working directly with clients to provide credit solutions. Key responsibilities include negotiating terms and conditions within credit documentation, leading the credit and risk approval processes, and building relationships with existing and prospective clients.

The Middle Market Financial Sponsors (MMFSG) Credit team is seeking a Credit Officer to originate and structure transactions for sponsor clients. The team focuses exclusively on financings for Middle Market companies that are owned by private equity firms. We typically provide Term Loan A solutions and our sponsor clients include both Middle Market and Large Cap firms. Transactions include LBOs, Recaps, and Acquisition Financings across multiple industries and consist primarily of syndicated transactions.

The Commercial Credit Officer (CO) is a highly skilled resource, providing expert level advisory guidance and integrated debt capital solutions for both Business Banking and Middle Market commercial banking clients owned by private equity firms. Products include lines of credit, term loans, and syndicated loans as well as advising on complex capital structures and other debt capital markets solutions. The CO manages all of the ancillary credit exposure to clients and maintains knowledge of other BofA products including Investment Banking and Treasury Management that have credit exposure. The CO leverages product expertise to deliver the best possible and optimally integrated strategic solutions for the client or prospect.

MMFSG is a fast-paced work environment with a highly active portfolioand strong deal flow from large cap and middle market PE clients. The portfolio consists primarily of Leveraged Transactions and experience with sponsor finance is preferred.

Responsibilities:

Manages the credit process for a portfolio of clients

Leads the credit and risk approval processes

Builds relationships with existing and prospective clients

Mentors and supports associates

Provides capital structure solutions

Skills:

Client Solutions Advisory

Loan Structuring

Account Management

Credit Documentation Requirements

Credit and Risk Assessment

Decision Making

Issue Management

Analytical Thinking

Coaching

Critical Thinking

Customer and Client Focus

Required Qualifications:

• 10+ Years Experience in Commercial Credit Underwriting in Middle Market Banking and/or Leverage Transactions along with strong presentation skills.

•Deal analysis: Perform analysis of clients and prospects and their industries and subsectors - make go /no- go recommendation,

• Design and execution of credit solutions, and the active management of asset quality - Manage execution of credit process from origination to approval to booking

• Collaborates with sponsor coverage team and other product partners, when needed, to assess client needs, design integrated solutions and deliver the bank to clients and prospects

• Serve as Line/Credit approver in conjunction with Risk management based on credit approval grid and drives the internal credit approval process, loan documentation and closing

• Must have a strong familiarity with acquisition finance and associated documentation

• Negotiate credit agreements on an independent basis directly with highly sophisticated client bases

• Articulate deal risks and merits for credit decisioning

• Train and mentor junior associates

Minimum Education Requirement: BA/BS Degree Desired