Leasing Credit Officer II

BMO Harris Bank; Chicago (IL); On-site; USD 70,000 - 168,000; Full time

Job summary

BMO Harris Bank is seeking a Leasing Credit Officer II in Chicago to deliver integrated credit solutions and ensure effective portfolio management for corporate and leasing clients. The role demands strong analytical, risk assessment, and collaboration skills alongside significant experience in the banking sector.

Benefits

Industry-leading benefits

Access to paid time off

Support for employee wellness

Discretionary incentive plan

Qualifications

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

Responsibilities

• Manage portfolio and ongoing relationships for leasing and corporate clients.
• Conduct credit reviews and determine risk ratings based on financial statements.
• Prepare periodic credit reviews and mentor junior associates.

Skills

Financial Analysis

Credit and Risk Assessment

Collaboration

Analytical Thinking

Decision Making

Education

BA Degree in Finance, Accounting or related field

Tools

Moody's CreditLens

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 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 request 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

Skills:

• Financial Analysis
• Loan Structuring
• Research Analysis
• Risk Management
• Underwriting
• Coaching
• Credit Documentation Requirements
• Credit and Risk Assessment
• Decision Making
• Issue Management
• Account Management
• Analytical Thinking
• Collaboration
• Critical Thinking
• Customer and Client Focus

Shift:
1st shift (United States of America)

Hours Per Week:
40

Pay Transparency details

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - RI - Providence - 1 Financial Plaza (RI1537)

Pay and benefits information

Pay range

$70,000.00 - $167,200.00 annualized salary, offers to be determined based on experience, education and skill set.

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.