Bank Of America Leasing Credit Officer II-Global Vendor Finance 

United States, Illinois, Chicago 

894751212

Job Description:

Job Description:
This job is responsible for the delivery of integrated credit solutions to clients as well as on-going portfolio management. Key responsibilities include underwriting and negotiating new transactions, partnering with client-facing teammates to consult on sales opportunities, and providing the product expertise to deliver effective client solutions. Job expectations include providing on-going monitoring of client portfolios, ensuring accurate and timely analysis of financial statements, assignment of risk ratings, and required client reviews.

Evaluate and underwrite vendor program credit opportunities, including the identification and assessment of all strengths, weaknesses and risks (including operational) as well as identifying and describing mitigating factors. This includes underwriting both vendors and potential end-users/borrowers, including the review and written analysis of all factors that affect an entity’s ability to repay and/or service their obligations in a timely manner. The complexity of the entities and related transactions requiring analysis can vary over a wide spectrum of industries.

The LCO II uses their skill set to assess the appropriateness of existing solutions and to propose optimal financing alternatives or additional financing solutions. They are involved in managing credit quality and the approval process through their interaction with Risk Management Officers, GVF Marketing Officers, Credit Products Managers, Leasing Administration and Legal.

Responsibilities:

• Evaluates new end-user credit opportunities including identification and assessment of risks and identifies mitigating factors
• Partners with client-facing teammates to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client
• Underwrites new transactions, analyzes credit risk, negotiates and closes deals, while adhering to internal policy, procedures and regulatory requirements
• Structures the terms of a lease/loan with respect to the various aspects that make up a lease/loan (e.g. pricing, rates, payment, term, collateral)
• Reviews and analyzes financial statements. Assigns and confirms the accuracy of risk ratings

Required Qualifications:

• 3+ years commercial credit underwriting and credit analysis experience
• Must have effective presentation, structuring, financial statement and risk analysis skills

Desired Qualifications:

• Vendor Leasing/Finance Experience

Skills:

• Financial Analysis
• Loan Structuring
• Research Analysis
• Risk Management
• Underwriting
• Account Management
• Credit Documentation Requirements
• Credit and Risk Assessment
• Decision Making
• Issue Management
• Analytical Thinking
• Collaboration
• Problem Solving
• Critical Thinking
• Customer and Client Focus
• Prioritization
• Ability to identify trends and emerging risks in underwriting and client selection
• Oral and written communication skills