Senior Credit Officer/Credit Officer – Asset Based Finance

Bank of America; Boston (MA); On-site; USD 80,000 - 110,000; Full time

Job summary

An established industry player seeks a Senior Credit Officer to manage a portfolio of asset-based structured loans. This role involves monitoring financial trends, negotiating loan terms, and building strong client relationships. The ideal candidate will have extensive experience in credit and portfolio management, with a focus on both strong and distressed accounts. Join a forward-thinking company committed to fostering an inclusive workplace and driving responsible growth, where you can make a significant impact on clients and the community.

Qualifications

• 10+ years of Asset Based loan credit and portfolio management experience.
• Ability to manage a complex portfolio of corporate and middle market banking clients.

Responsibilities

• Manage a portfolio of asset-based structured loans in the retail industry.
• Actively monitor financial and collateral trends and recommend action.

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 Degree

High School Diploma / GED

Job description

Senior Credit Officer/Credit Officer – Asset Based Finance

Boston, Massachusetts

**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:**

The AB Sr Credit Officer manages a portfolio of asset-based structured loans in the retail industry. The AB Sr Credit Officer is responsible for actively monitoring financial and collateral trends and recommending appropriate action. Responsibilities also include reviewing requests for loan modifications, analyzing financial performance, negotiating terms, drafting proposals, reviewing and negotiating loan documents and preparing recommendations for approval.

The AB Sr. Credit Officer is an active member of the client team and interfaces directly with the client and participates in building the client relationship. Generally capable of handling the most sensitive accounts. The AB Sr. Credit Officer is responsible for handling both strong credits as well asdistressed/turnaroundcredits including managing accounts through a bankruptcy process.

**Responsibilities:**

+ Manages a portfolio of asset-based structured loans in the retail industry.

+ Actively monitors financial and collateral trends and recommend appropriate action.

+ Review requests for loan modifications

+ Analyze financial performance, negotiating terms, drafting proposals, reviewing, negotiating loan documents and preparing recommendations for approval.

+ Participates in building client relationships.

+ Handle both strong credits as well asdistressed/turnaroundcredits including managing accounts through a bankruptcy process.

**Required Qualifications:**

+ Must have 10+ years of Asset Based loan credit and portfolio management experience for the Sr. AB Credit Officer position. Must have 5+ years of Asset Based loan credit and portfolio management experience for the AB Credit Officer position.

+ Must have the ability to independently manage a complex portfolio of corporate and middle market banking clients.

+ Must have experience managing agented syndicated accounts.

+ Must have experience reviewing and negotiating loan documentation.

**Desired Qualification:**

+ Bachelor’s Degree

**Skills:**

+ Attention to Detail

+ Client Management

+ Decision Making

+ Underwriting

+ Credit Documentation Requirements

+ Critical Thinking

+ Portfolio Management

+ Problem Solving

+ Written Communications

+ Financial Analysis

+ Negotiation

**Minimum Education Requirement:** High School Diploma / GED / Secondary School or equivalent

**Shift:**

1st shift (United States of America)

**Hours Per Week:**

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.