Senior Asset-Based Credit Officer

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

Benefits offered by this job

Benefits

Discretionary incentive eligibility

Job summary

Bank of America is seeking an experienced asset-based lending leader to manage a portfolio of structured loans and deliver credit solutions for a diverse client base. The role involves analyzing trends, negotiating terms, and overseeing loan documents with senior leadership and external counsels.

The candidate will handle complex client relationships, travel to meet clients, and coordinate with legal, financial advisors, and sponsors to drive funded loans and credit revenue.

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 the general industries space.
• 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, drafts proposals, reviews and negotiates loan documents, and oversees preparation of recommendations for approval.
• Builds client relationships.
• Handles both performing credits as well as distressed/turnaround credits including managing accounts through restructurings and bankruptcy processes.

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 seeking an experienced asset-based lending leader to manage a portfolio of structured loans and deliver credit solutions for a diverse client base. The role involves analyzing trends, negotiating terms, and overseeing loan documents with senior leadership and external counsels.

The candidate will handle complex client relationships, travel to meet clients, and coordinate with legal, financial advisors, and sponsors to drive funded loans and credit revenue.