Senior Asset-Based Lending Credit Officer

Bank of America; Auburn Hills (MI); On-site; USD 140,000 - 220,000; Full time

Job summary

Bank of America’s Asset Based Finance group handles asset-based loans for Global Commercial and Global Corporate & Investment Banks, with facilities from $20 million to $5 billion. This is a senior, client-facing role focused on identifying opportunities, managing risk, and growing funded loans and credit revenue.

The position requires deep credit knowledge, negotiation skills, and leadership to mentor junior associates. Some travel to meet clients is expected.

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 degree

Master's degree

Job description

Bank of America’s Asset Based Finance group handles asset-based loans for Global Commercial and Global Corporate & Investment Banks, with facilities from $20 million to $5 billion. This is a senior, client-facing role focused on identifying opportunities, managing risk, and growing funded loans and credit revenue.

The position requires deep credit knowledge, negotiation skills, and leadership to mentor junior associates. Some travel to meet clients is expected.