Credit Officer II-Dealer Financial Services

Bank of America; Boston (MA); On-site; USD 119,000 - 200,000; Full time

Job summary

Bank of America seeks a seasoned Credit Officer II to manage credit risk for a diverse client portfolio in Boston. You will monitor credit profiles, ensure compliance with credit agreements, and support underwriting across the Global Banking and Markets spectrum.

This role balances client analysis with deal structuring and close collaboration with RM and product partners. The position emphasizes leadership, risk appetite alignment, and ongoing asset quality management, with opportunities to

Qualifications

• 7+ years in commercial credit underwriting and analysis with a bank or OEM captive finance.
• Strong knowledge of loan and collateral documentation and risk assessment.
• Ability to present a business case and influence stakeholders.

Responsibilities

• Oversee credit worthiness of borrowers using due diligence, financial analysis, and risk ratings.
• Lead new credit originations and coordinate with RM, Risk, and product partners.
• Negotiate and structure loan agreements and derivatives.
• Mentor Credit Analysts and Associates, supporting portfolio growth.
• Monitor assigned portfolio to maintain credit quality and timely actions.

Skills

Credit underwriting

Loan structuring

Risk management

Relationship management

Negotiation

Decision making

Coaching

Communication

Education

Bachelor’s in Finance or Accounting

Job description

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact.

Job Description:

This job is responsible for managing, monitoring, and documenting credit risk for a portfolio of clients. Key responsibilities include monitoring changes in credit profiles, compliance with credit agreements as well as structuring and underwriting new financing solutions across the Global Banking and Markets product spectrum. Job expectations may include assessing risk solutions which adhere to the bank's risk appetite and risk strategies and coaching and leading team members. In Dealer Financial Svs, assigned as a market or industry level resource, the Credit Officer II is a highly skilled resource, providing expert level advisory guidance in the most complex, integrated debt capital solutions. The role also serves 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. Involvement with monitoring activities/approvals is also part of the responsibilities. The Credit Officer II maintains knowledge of other BofAML 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. The role is balanced between analysis of clients and prospects and their industries, design and execution of credit solutions, and the active management of asset quality. Client facing, the Credit Officer II collaborates with the Relationship Manager (RM), Treasury Solutions Officer (TSO), and other product partners, when needed, to assess client needs, design integrated solutions and deliver the bank to clients and prospects.

Responsibilities:

• Oversees and assesses the credit worthiness of borrowers based on due diligence findings, financial statement analysis, forecasting, analysis of company and industry risks, terms and conditions, and relationship profitability to provide high quality credit approval to Corporate Banking, Investment Banking, Global Markets, and Treasury Exercises Delegated Approval Authority using sound judgment and expertise to make approval decisions for the business including new lending limits, structuring and negotiating deal terms, credit worthiness, annual reviews and renewals, risk ratings, and breach actions


• Acts as a senior coverage team resource supporting ongoing credit matters and asset quality, maintaining adherence to the bank's risk appetite and risk strategies to mitigate losses while identifying opportunities to responsibly growing the loan portfolio


• Leads new credit originations in coordination and collaboration with the coverage teams including Relationship Managers, Risk, Syndications, Treasury, and all other product partners


• Negotiates and structures legal documentation related to loans and derivatives


• Establishes appropriate internal risk ratings for clients and implements accurate adjustments throughout the client's credit life cycle


• Trains, coaches, and mentors Credit Analysts and Associates


• Serves as a key member of the Commercial Client Team in handling the clients financial needs, ensuring that the overall client experience is favorable, and that the bank is in a position to expand the relationship


• Interacts with clients and prospects to understand their financial goals and objectives, current and future financial performance, and their needs and desires for their banking relationship


• Working closely with the client team, the role of the Credit Officer in the credit process is the guidance and oversight of underwriting, structuring, and documentation of credit requests on an assigned portfolio


• Includes an evaluation of the financial standing of the client or prospect and the appropriateness of the existing or proposed credit structure, and suggestion of any changes to help optimize the relationship


• Underwrites and structures complex credit transactions with minimal oversight


• Some travel time with face-to-face interaction with our dealer clients


• Involved in the negotiation and closing process for transactions in portfolio


• Oversees the monitoring of their assigned portfolio to maintain credit quality, and to ensure timely recognition and management of any changes via the use of the bank’s proprietary risk rating tool, and the review of various compliance, exception and past due reports

Required Qualifications:

• 7+ years commercial credit underwriting and analysis with a commercial bank or OEM captive finance organization.


• 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 Strong Microsoft Office Skills

Desired Qualifications:

• Minimum of 10 years commercial credit underwriting and analysis with a commercial bank or OEM captive finance organization in the auto retail space.


• Direct customer-facing experience in a goal-oriented environment.


• Bachelor’s degree in Finance or Accounting

Skills:

• Business Acumen


• Coaching


• Decision Making


• Hiring and Onboarding


• Loan Structuring


• Collaboration


• Credit Documentation


• Requirements Oral Communications Risk Management Written Communications Change Management Client Solutions Advisory Executive Presence Organizational Effectiveness Underwriting

Underwriting Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay and benefits information:

Pay range $119,000.00 - $200,000.00 annualized salary, offers to be determined based on experience, education and skill set. Pay Transparency details US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - MA - Boston - 100 Federal St - 100 Federal St Lp (MA5100). 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.

Privacy Statement:

https://careers.bankofamerica.com/en-us/privacy-notice

Bank of America values:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference.

Partnering Locally:

Learn about some of the ways Bank of America is making a difference in the communities we serve.

Global Impact:

Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates.

Opportunity and Inclusion:

Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success.

Our Values:

Learn about our four values that represent what we believe.

Pay Transparency:

https://careers.bankofamerica.com/en-us/pay-transparency