Credit Officer II - Covered

Bank of America; Spokane (WA); On-site; USD 125,000 - 200,000; Full time

Benefits offered by this job

Eligible for an annual discretionary award based on performance

Paid time off

Access to industry-leading benefits

Job summary

Bank of America seeks a Credit Officer II in Spokane to provide expert level advisory in complex debt capital solutions for commercial banking clients. The role collaborates with teams to analyze credit opportunities and manages loan processes encompassing underwriting and legal documentation.

The successful candidate will have 10+ years of commercial banking experience, strong communication abilities, and a BA/BS degree. This role offers a competitive salary between $125,000 and $200,000 annually, eligibility for discretionary incentives, and comprehensive benefits.

Qualifications

• 10+ years of solid Commercial Banking 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.

Responsibilities

• Collaborates with Client Management teams to perform analysis of credit opportunities and prospects.
• Manages client and prospect originations including initial credit structuring.
• Delivers on data accuracy and quality of underwriting metrics.
• Monitors assigned portfolios of client loan maturities.
• Escalates and debates deteriorating assets with the Special Assets Group.
• Participates in Regional and Market meetings for credit best practices.

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

Education

BA/BS Degree

Job description

Job Description: The 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 role reports to the Commercial Credit Manager or Executive and will be aligned to an Underwriting Team that supports the market.

Responsibilities

• 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 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 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

Location: US - WA - Spokane - 601 W Riverside Ave - Spokane Financial Center (WA2141)

Pay: $125,000.00 - $200,000.00 annualized salary, offers determined based on experience, education and skill set.

Discretionary incentive: Eligible for an annual discretionary award based on overall performance 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.

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