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Senior Credit Products Officer

Company: Disability Solutions
Location: Boston
Posted on: September 18, 2023

Job Description:

Job Description:About Us: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!Primary roles and responsibilities:Bank of America's Dealer Financial Services Group ("DFS") is seeking a Sr. Credit Products Officer ("SCPO"). DFS supports the financial needs of publicly and privately held franchised automobile dealers. Our credit product suite includes floor plan funding for inventory, real estate term loans, acquisition / expansion financing, as well as derivative products (interest rate swaps) and a full spectrum of Treasury Management products and services.Other responsibilities:

  • Sr. Credit Products Officer (SCPO) serves as a key member of the Commercial Client Team in handling the clients financial needs, ensuring that the overall client experience is favorable, and that the bank is in a position to expand the relationship
  • The client team is charged with helping clients achieve their overall financial goals via the delivery of our debt and deposit capabilities, as well as the full breadth of services offered by Bank of America
  • Working closely with the client team, the Sr. Credit Products Officer's (SCPO's) role in the credit process is the guidance and oversight of underwriting, structuring, and documentation of credit requests on an assigned portfolio
  • Includes an evaluation of the financial standing of the client or prospect and the appropriateness of the existing or proposed credit structure, and suggestion of any changes to help optimize the relationship
  • Underwrite and structure complex credit transactions with minimal oversight
  • Provide ongoing coaching and support to other Credit Products team members, reporting to the Sr. Credit Products Manager, and partner closely with Client Managers and the Credit Risk Manager (CRMs)
  • Some travel time with face-to-face interaction with our dealer clients
  • Interacts with clients and prospects to understand their financial goals and objectives, current and future financial performance, and their needs and desires for their banking relationship
  • Involved in the negotiation and closing process for transactions in portfolio
  • Oversees the monitoring of their assigned portfolio to maintain credit quality, and to ensure timely recognition and management of any changes via the use of the bank's proprietary risk rating tool, and the review of various compliance, exception and past due reportsRequired Skills:
    • Undergraduate degree in Finance or Accounting
    • 5 + years of solid experience in commercial credit analysis to include underwriting, structuring, documentation and portfolio management
    • Strong knowledge and comprehension of loan and collateral documentation
    • Ability to accurately analyze borrower's financial picture and deliver a comprehensive risk analysis to manager and credit officers
    • Confidence and ability to develop an independent viewpoint and present a business case to support conclusions
    • Excellent relationship management skills, experience working in a team environment, ability to help influence constituencies with diverse views towards consensus
    • Coaching and mentoring skills
    • Ability to interact directly with clients on a profesional, consultative basis
    • Ability to multi-task and continually modify the priority of assigned workflow
    • Strong verbal and written communication skills
    • Strong microsoft office software skillsDesired Skills:
      • Prior experience leading a team
      • Prior experience mentoring less experienced associates
      • Completion of a formal commercial credit training program
      • Knowledge of the franchised automobile businessShift:1st shift (United States of America)Hours Per Week: 40

Keywords: Disability Solutions, Boston , Senior Credit Products Officer, Accounting, Auditing , Boston, Massachusetts

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