Credit Officer II

Job Description

A Credit Officer II covers a portfolio of asset-based lending clients, with responsibility for delivering credit solutions and managing risk. Bank of America’s Asset Based Finance (“ABF”) group provides asset‑based loans to clients in the Global Commercial and Global Corporate and Investment Banks, partnering closely with relationship management and product partners. Typical focus is syndicated and sole‑lender facilities ranging in size from $20 million to up to $5 billion.

The role will be client‑facing, with primary responsibilities including analyzing client trends to identify opportunities, managing risk, and growing funded loans and credit revenue. Additional responsibilities involve pitching credit opportunities, reviewing and negotiating legal documentation, and overseeing the work of junior associates, including analysis of financial performance and preparation of approval documents.

The target candidate is expected to handle more complex client relationships and take a leadership role in managing bank groups and relationships with legal counsel, financial advisors, and financial sponsors. Some travel will be required to meet with clients.

• Partners with relationship management and product partners to assess clients’ credit needs and create solutions.
• Leads loan structure conversations and negotiates loan documentation with clients and internal/external legal partners.
• Drives credit and risk approval processes for new credit originations, renewals, increases, and modifications.
• Leads ongoing monitoring efforts for a portfolio of clients in compliance with regulations, policy and procedure.
• Drives the growth of funded loans and revenue while mitigating risks, maintaining asset quality and adhering to regulatory requirements.
• Serves as an escalation point for complex credit transactions.
• Mentors and supports associates.
• 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.
• Participates in building client relationships.
• Handles both performing credits and distressed/turnaround credits, including managing accounts through restructuring and bankruptcy processes.

• 10+ 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.
• Ability to draft concise, accurate and clear credit approvals with minimal oversight.

• Bachelor’s or Master’s degree or equivalent experience preferred.
• Formal Credit Training.
• Experience with bankruptcy and restructuring matters.

• Business Acumen
• Coaching
• Decision Making
• Hiring and Onboarding
• Loan Structuring
• Collaboration
• Credit Documentation Requirements
• Oral Communications
• Risk Management
• Written Communications
• Change Management
• Client Solutions Advisory
• Executive Presence
• Organizational Effectiveness
• Underwriting
• Attention to Detail
• Client Management
• Critical Thinking

1st shift (United States of America)

40

$ – $ annualized salary, offers to be determined based on experience, education and skill set.

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.