Product Specialist II - Credit

Product Specialist II - Credit

Hartford, Connecticut;

Chicago, Illinois;
Plano, Texas;
Dallas, Texas;
Charlotte, North Carolina;
College Park, Georgia

** To proceed with your application, you must be at least 18 years of age.*
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** Bank of America employees are required to meet all*
* ** posting eligibility requirements*
* ** prior to applying for any new position.*
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** To proceed with your application, you must be at least 18 years of age.*
* Acknowledge ( )

** Bank of America employees are required to meet all*
* ** posting eligibility requirements*
* ** prior to applying for any new position.*
* Acknowledge ( )

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* 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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

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* Job Description:

*
* This job is responsible for supporting credit analysts and relationship managers in underwriting and servicing specialized credit products. Key responsibilities include expertise in product functionality and user experience as well as handling more complex inquiries, contributing to product improvement feedback loops, and training initiatives. Job expectations include coaching entry-level product specialists.

Responsible for the day-to-day resolution of complex client-related issues and the management of risks related to treasury accounts and services tied to an Asset Based Lending (ABL) credit facility. Must work closely with Treasury Sales Officers, Client Managers and Credit Officers to ensure the ABL requirements are implemented in the treasury relationship and to approve account structures, services and the opening/closing of accounts.

Must be able to effectively educate both internal partners and external clients regarding the ABL requirements and how their treasury accounts will interface with the loan. Working with business partners in Global Operations, Treasury Fulfillment, Treasury Services, Global Risk Management, Global Credit Operations, and internal and external counsel.

** Responsibilities:*
* + Identifies markets and participates in the valuation of products

+ Evaluates residual values in product contracts

+ Works with cross functional teams to support product development and execution

+ Prepares financial spreads and risk rating scorecards, as well as drafts of preliminary sections of credit approval memos

+ Coordinates documentation and due diligence for credit transactions

+ Tracks covenants, financial reporting, and compliance items

+ Trains entry-level Product Specialist

+ Ensuring that bank systems (including the Bank of America Business Capital (BABC) loan system have the proper information to facilitate the daily treasury transactions with the ABL Loan

+ Accountable for ensuring all documentation including Deposit Account Control…