Senior Credit Officer, Asset-Based Lending Leader

Merrill; Auburn Hills (MI); On-site; USD 119,000 - 200,000; Full time

Job summary

Bank of America’s Asset Based Finance group covers a portfolio of asset-based lending clients, delivering credit solutions and managing risk. The role focuses on syndicated and sole lender facilities from $20 million to $5 billion, with senior, client-facing responsibilities.

The candidate will lead credit opportunities, review legal documentation, oversee junior associates, and build relationships with counsel and sponsors. Some travel to meet clients is required.

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 Requirements

Critical Thinking

Portfolio Management

Problem Solving

Written Communications

Financial Analysis

Negotiation

Education

Bachelor's or Master's degree

Formal Credit Training

Experience with bankruptcy and restructuring matters

Job description

Bank of America’s Asset Based Finance group covers a portfolio of asset-based lending clients, delivering credit solutions and managing risk. The role focuses on syndicated and sole lender facilities from $20 million to $5 billion, with senior, client-facing responsibilities.

The candidate will lead credit opportunities, review legal documentation, oversee junior associates, and build relationships with counsel and sponsors. Some travel to meet clients is required.