Senior Asset-Based Credit Officer

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

Job summary

Bank of America is hiring for a senior Asset Based Finance professional in Chicago. You will manage a portfolio of asset-based loans, analyze financials and collateral, negotiate terms, and present approvals to leadership while growing credit revenue.

You will partner with relationship managers, legal, and product partners to deliver solutions, mentor junior staff, and travel as needed to meet clients.

Qualifications

• 5+ years’ experience in asset based lending, commercial banking, or private credit.
• Sound understanding of credit, transaction structuring, and financial and collateral analysis.
• Detailed understanding of legal documentation.

Responsibilities

• Manages a portfolio of asset‑based structured loans in general industries.
• Proactively identifies credit solutions and opportunities to grow funded loans and spreads.
• Actively monitors financial and collateral trends and recommends appropriate action.
• Review requests for loan modifications.
• Analyzes financial performance, negotiates credit terms and drafts proposals.
• Builds client relationships and oversees preparation of recommendations for approval.

Skills

Attention to Detail

Client Management

Decision Making

Underwriting

Credit Documentation

Critical Thinking

Portfolio Management

Problem Solving

Written Communications

Financial Analysis

Negotiation

Education

Bachelor's or Master’s degree

Job description

Bank of America is hiring for a senior Asset Based Finance professional in Chicago. You will manage a portfolio of asset-based loans, analyze financials and collateral, negotiate terms, and present approvals to leadership while growing credit revenue.

You will partner with relationship managers, legal, and product partners to deliver solutions, mentor junior staff, and travel as needed to meet clients.