Bank Of America Leasing Credit Officer II 

United States, Illinois, Chicago 

159101895

Job Description:

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

1st shift (United States of America)