Leasing Credit Officer II

Bank of America; Chicago (IL); On-site; USD 90,000 - 130,000; Full time

Job summary

A leading financial institution is seeking a Leasing Credit Officer II to deliver integrated credit solutions to corporate clients. In this role, you will manage risk ratings, prepare credit reviews, and interact with key stakeholders to ensure the best solutions. Ideal candidates will have extensive experience in commercial banking, strong financial analysis skills, and a relevant degree. Join us to make a lasting impact in the financial lives of our clients.

Qualifications

• 5+ years experience as a credit officer in commercial banking.
• Proficient in commercial credit or leasing underwriting.
• Experience in reviewing and negotiating legal documents.

Responsibilities

• Determine obligor and facility risk ratings through review of client financial statements.
• Prepare annual status reviews, quarterly SER reports.
• Handle credit-related customer service requests and negotiate waivers.

Skills

Credit underwriting

Portfolio management

Financial analysis

Education

BA Degree in Finance, Accounting or related field

Tools

Moody's CreditLens

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:

Responsible for delivery of integrated credit solutions to middle market or corporate clients. Partner closely with client-facing teammates in both the Global Corporate Bank and Global Commercial Bank and provide the product expertise and consultation necessary to deliver the best possible solution to the client.

The position is responsible for the ongoing portfolio management and monitoring of Bank of America’s Global Leasing Corporate, Commercial, Middle Market, Business Banking, Healthcare, Leveraged Finance, and Global Corporate Aircraft portfolio. Management and monitoring responsibilities will include lending/leasing relationships with exposures up to $100MM+ that are assigned risk ratings the equivalent of regulatory Pass, Criticized, and Classified categories. High Net Worth Individual and international accounts may also be included.

Job Responsibilities:

• The Leasing Credit Officer II (“LCO”) will determine appropriate obligor and facility risk ratings through ongoing review of client financial statements, covenant compliance, monitoring of news articles and other early warning alerts, as well as through interaction with Risk Management Officers, Marketing Officers, SAG Officers, Legal, Equipment Management Officers, and Credit Underwriting Officers. When a Bank relationship exists, the LCO is expected to interact effectively with Bank partners. When required, the LCO will contact the client directly.
• The LCO will handle ad-hoc credit-related customer service requests for clients, including negotiating waivers and amendments to existing leases or loans.
• The LCO will be required to prepare annual status reviews, quarterly SER reports, and other periodic credit reviews. Responsibilities may also include the training and mentoring of more junior associates, as well as ownership of various Leasing processes.
• The LCO must simultaneously manage multiple account demands and priorities while maintaining organization and prioritizing work in order to adhere to deadlines and compliance with credit policy.
• The LCO will identify, anticipate, and proactively address potential credit problems early in the process.

Required Qualifications:

• 5+ years experience as a credit officer in the commercial banking, leasing, or finance industry
• Proficient commercial credit or leasing underwriting or portfolio management experience
• Proficient credit and secured equipment finance knowledge
• Experience reviewing and negotiating legal documents.

Desired Qualifications:

• Prior Lease Finance Experience
• Prior experience in High Net Worth Underwriting
• Prior experience in Corporate Aircraft Finance
• Proficient in Moody's CreditLens - Financial Statement Spreading
• BA Degree in Finance, Accounting or related field