Credit Officer II - Asset Based Finance

3M HEALTHCARE; Los Angeles (CA); On-site; USD 99,000 - 225,000; Full time

Job summary

3M HEALTHCARE is seeking a senior Credit Officer to manage a portfolio of asset-based and commercial lending clients in the Los Angeles area. You will partner with relationship management, sales/trading, treasury management, operations, and risk teams to assess needs and structure solutions.

You will drive credit and risk approvals, monitor credit health, and mentor associates while ensuring regulatory compliance and asset quality across the client lifecycle.

Qualifications

• 7+ years of experience in asset based and/or commercial lending.
• Experience in monitoring the credit health of asset based or commercial lending clients.
• Strong knowledge and comprehension of loan and collateral documentation.
• Ability to accurately analyze borrower’s financial picture and deliver a comprehensive risk analysis to manager and risk officers.
• Confidence and ability to develop an independent viewpoint and present a business case to support conclusions.
• Excellent relationship management skills, experience working in a team environment, ability to help influence constituencies with diverse views towards consensus.
• Coaching and mentoring skills.
• Proficiency in Microsoft Office Excel, Word, Outlook, PowerPoint.

Responsibilities

• Partners with relationship management and product partners to assess clients’ credit needs and create solutions.
• 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 credit assessment and approval by evaluating borrower creditworthiness through financial analysis, forecasting, industry and company risk assessment, and due diligence.
• Exercises delegated approval authority to structure and approve transactions, including lending limits, deal terms, risk ratings, renewals, and breach actions.
• Leads credit origination and portfolio management by partnering with cross-functional teams, serving as a senior advisor on credit matters, and ensuring accurate risk ratings and proactive management of asset quality throughout the client lifecycle.

Skills

Asset-based lending

Credit risk assessment

Financial analysis

Relationship management

Team collaboration

Communication

Attention to detail

Education

Bachelor’s degree in accounting/finance

Tools

Microsoft Excel

Microsoft Word

Microsoft Outlook

Microsoft PowerPoint

Job description

Job Overview

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.

Responsibilities

• Partners with relationship management and product partners to assess clients’ credit needs and create solutions.
• 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 credit assessment and approval by evaluating borrower creditworthiness through financial analysis, forecasting, industry and company risk assessment, and due diligence.
• Exercises delegated approval authority to structure and approve transactions, including lending limits, deal terms, risk ratings, renewals, and breach actions.
• Leads credit origination and portfolio management by partnering with cross-functional teams, serving as a senior advisor on credit matters, and ensuring accurate risk ratings and proactive management of asset quality throughout the client lifecycle.

Required Qualifications

• 7+ years of experience in asset based and/or commercial lending.
• Experience in monitoring the credit health of asset based or commercial lending clients.
• Strong knowledge and comprehension of loan and collateral documentation.
• Ability to accurately analyze borrower’s financial picture and deliver a comprehensive risk analysis to manager and risk officers.
• Confidence and ability to develop an independent viewpoint and present a business case to support conclusions.
• Excellent relationship management skills, experience working in a team environment, ability to help influence constituencies with diverse views towards consensus.
• Coaching and mentoring skills.
• Proficiency in Microsoft Office Excel, Word, Outlook, PowerPoint.

Desired Qualifications

• Bachelor’s degree in accounting and/or finance.
• 10+ years of experience in asset-based lending and/or commercial lending.

Skills

• Business Acumen
• Coaching
• Decision Making
• Loan Structuring
• Collaboration
• Credit Documentation Requirements
• Oral Communications
• Risk Management
• Written Communications
• Client Solutions Advisory
• Underwriting
• Analytical Thinking
• Credit & Risk Assessment
• Attention to Detail and Organizational Effectiveness
• Financial Analysis, Forecasting, Modeling & Research Analysis

Shift

1st shift (United States of America)

Hours Per Week

40

Pay Transparency Details

US - CA - Los Angeles - 333 S HOPE ST - BANK OF AMERICA PLAZA (CA9193), US - CA - San Francisco - 555 California St - Bofa Center - 555 California (CA5705)

Pay and Benefits

Annualized salary range: $99,000.00 - $225,000.00. Discretionary incentive eligible.

Benefits

Industry-leading benefits, paid time off, resources and support to employees for a genuine impact and contributions to the sustainable growth of our business and communities.