Credit Officer - Commercial Real Estate Banking
Chicago, Illinois
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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 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:
CREB Credit Officer (CO) is the primary credit relationship contact with the client. The CO leads creditoriginations/modificationsand is directly responsible to coordinate and collaborate with client management, syndications (as needed), and credit risk. The CO, along with an assigned Underwriter (UW), will work directly with clients from initial assessment, deal structuring, final credit approval, legal document negotiations and closing. The CO will also advise the CREB Portfolio Management with any post-closing actions if needed and manage credit actions as they arise from portfolio monitoring. The CO is a member of the CREB market team and is aligned to LOB regions/markets and is assigned a portfolio of clients. The CO is typically an individual contributor who reports to the Market Credit Executive. The CO holds credit approval authority. The CO maintains knowledge of other BofA products including Investment Banking and Treasury Management and leverages product expertise to deliver the best possible and optimally integrated strategic solution for the client or prospect. The role is balanced between analysis of clients and prospects and their industries, design and execution of solutions, and the active management of asset quality. Client facing, the CO collaborates with the Relationship Manager (RM), Treasury Solutions Officer (TSO), and other product partners, when needed, to assess client needs, design integrated solutions and deliver the bank to clients and prospects. Successful candidates will possess functional expertise (CREunderwriting/structuring,Credit Facility Agreement negotiations with Legal Counsel), strong written and verbal communication skills, and will have demonstrated strong performance with a focus on collaboration, driving operational excellence and the ability to influence leaders, peers, and clients.
Responsibilities:
Lead theOrigination/Modification/Structuringof Credit Facilities
Manage underwriting, credit approval process, portfolio management.
Engage legal counsel / Lead document review and closing process with Underwriter assistance.
Required Qualifications:
5+ years' experience in commercial real estate financial lending.
Solid experience in financial analysis, structuring, underwriting and portfolio management, strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring and documentation.
Familiarity with core banking products.
Understanding of the regulations that govern Banking and CRE lending.
Maintains knowledge of other banking products including Investment Banking, Interest Rate Hedging, and Treasury Management that have credit exposure, and leverages product expertise to deliver the best possible and optimally integrated strategic solution for the client or prospect.
Desired Qualifications:
Bachelor's degree in finance, accounting or related major
Master's degree in finance, accounting or related major
3+ years' experience in Banking or financial lending institution
Demonstrates strong business and financial acumen, while acting ethically and responsibly at all times
Ensures self and others maintain a strong focus on client needs
Manages client relationships in a manner that makes it easier to do business with our company
Leads the delivery of practical, innovative solutions to clients that meet their individual needs
Demonstrates and encourages collaboration, connection and teamwork within and beyond his/her team
Focuses on and recognizes team success
Actively builds and sustains long-term relationships, both internally and externally, based on mutual trust
Intellectually curious; constantly seeks to learn and advance his/her knowledge
Remains positive and focused during times of pressure, adversity, or change
Resilient; quickly adjusts behaviors in order to be successful.
Effective communication skills, both written and oral, using clear, concise and simple language
Demonstrates a bias for action and a commitment to achieving sustainable results
Makes timely and fact-based decisions
Ensures rigorous thinking and analysis have been used when making a decision.
Skills:
Credit and Risk Assessment
Customer and Client Focus
Loan Structuring
Oral Communications
Written Communications
Analytical Thinking
Legal Structures and Legal Forms
Presentation Skills
Prioritization
Relationship Building
Attention to Detail
Collaboration
Strategic Thinking
Underwriting
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.
