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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

The Leasing Credit Officer II (LCO) will determine appropriate obligor and facility risk ratings through ongoing review of client financial statements, covenant compliance, loan/lease legal documents, collateral, and monitoring of news articles and other early warning alerts, as well as through interaction with Risk Management Officers, Marketing Officers, SAG Officers, Legal, Equipment Management Officers and Credit Underwriting Officers.  When a Bank relationship exists, the LCO is expected to check the Bank credit team actions and risk rating assignments to assess impact to Leasing exposure and interact effectively with Bank partners. When required, the LCO will contact the client directly. The LCO’s assigned portfolio of accounts will include primarily Criticized (troubled/workout) assets managed outside SAG.

The LCO will be required to prepare quarterly SER reports and other periodic credit reviews. In addition, the LCO will handle ad-hoc credit-related requests for clients, including negotiating and approval of waivers and amendments to existing leases or loans. 

The successful LCO will be able to simultaneously manage multiple demands and priorities while maintaining organization, adherence to deadlines and compliance with policy.  Additionally, the ability to identify, anticipate and to proactively address potential credit problems early in the process is critical, including issuance of legal notices to the client as appropriate. 

Responsibilities:

The LCO will determine appropriate obligor and facility risk ratings through ongoing review of client financial statements, covenant compliance, monitoring of news articles and other early warning alerts, as well as through interaction with Risk Management Officers, Marketing Officers, SAG Officers, Legal, Equipment Management Officers and Credit Underwriting Officers

Interact effectively with Bank partners

Contact the client directly

LCO’s assigned portfolio of accounts will include primarily troubled (workout) assets managed outside SAG

Handle ad-hoc credit-related customer service request for clients, including negotiating waivers and amendments to existing leases or loans

Prepare quarterly SER reports and other periodic credit reviews

Training and mentoring of more junior associates, as well as ownership of various Leasing processes

Manage multiple demands and priorities while maintaining organization, adherence to deadlines and compliance with policy

Identify, anticipate and proactively address potential credit problems early in the process

Required Qualifications:

5+ years’ experience in the commercial banking, leasing, or finance industry

Proficient commercial credit or leasing underwriting or portfolio management experience

Proficient credit and secured equipment finance knowledge

Experience reviewing and negotiating legal documents

Desired Qualifications:

Undergraduate degree in finance or accounting

Prior experience in high risk Criticized/Classified Exposures

Prior Lease Finance Experience and High Net Worth Underwriting

Prior experience in Corporate Aircraft Finance

Proficient in Moody's CreditLens - Financial Statement Spreading

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

Coaching

Collaboration

Critical Thinking

Customer and Client Focus

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - RI - Providence - 1 Financial Plaza (RI1537)

Pay and benefits information

Pay range

$81,900.00 - $170,100.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

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