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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