1+ months

Portfolio Management - Credit Officer

Chicago, IL 60664
**Job Description:**



**_Business Overview:_**



Banc of America Leasing is the largest U.S. equipment financing company, serving over 51,000 clients worldwide. We have $62.7 billion in total assets, and have a significant global presence, with over 900 associates. Together with our affiliated companies*, we provide equipment financing solutions to small businesses, middle-market and large corporations, offering product expertise in government financing and wholesale vendor financing, as well as tailored programs specific to industry segments, including aviation, healthcare, energy services and renewable energy.



_*Certain products are offered through Banc of America Public Capital Corp, a wholly-owned subsidiary of Bank of America N.A._



**_Essential Functions:_**



The position is responsible for the ongoing portfolio management and monitoring of the Banc of America Leasing Corporate, Commercial, Middle Market, Leveraged Finance, and Global Corporate Aircraft portfolio. Management and monitoring responsibilities will include accounts with balances from $3MM-$100MM that are assigned risk ratings the equivalent of regulatory Pass, Criticized, and Classified categories. High Net Worth Individual and international accounts may also be included.



The LCO II will determine appropriate obligor and facility risk ratings through ongoing review of client financial statements, monitoring of news articles and other early warning alerts, as well as through interaction with Risk Management Officers, Marketing Officers, SAG Officers, Equipment Management Officers and Credit Underwriting Officers. When a Bank relationship exists, the LCO II is expected to interact effectively with Bank Credit officers. When required, the LCO II will contact the client directly. The LCO IIs assigned portfolio of accounts will likely include some troubled (workout) assets.



The LCO II will handle ad-hoc credit-related customer service request for clients (which may include negotiating amendments to existing leases or loans). In addition, the LCO may be asked to participate in periodic credit-related projects relating to a segment of the total portfolio and periodically may also be asked to underwrite new leasing exposure to new or existing clients.



The successful LCO II will be able to simultaneously manage multiple demands and priorities while maintaining organization, adherence to deadlines and compliance with policy. Additionally, the ability to anticipate and to proactively react to potential credit problems early on in the process is critical.



_This position is posted as a Leasing Credit Officer II, but is flexible to be filled as a Leasing Credit Officer I position based on the skill set/experience of the candidate._



**_Preferred Education:_**



Undergraduate degree in finance or accounting; MBA preferred



**_Preferred Prior Work Experience:_**



5 to 8 years experience in the commercial banking, leasing, or finance industry with significant credit and secured equipment finance knowledge.



**_Preferred/Desired Skills:_**



+ Foundation in commercial and large corporate credit analysis, with exposure to secured equipment-oriented finance.

+ Strong credit and risk analysis skills. Good aptitude or ability to understand elements of complex transaction structure.

+ Ability to work efficiently and productively on several transactions or tasks at one time.

+ Ability to interact effectively with clients.

+ Clear and articulate oral and written communication skills.

+ Computer skills, very comfortable with applications such as Word and Excel.

+ Ability to understand and work with project models.

+ Results oriented; is able to meet deadlines.

+ 10% Travel

+ Preferred location-Boston, Chicago, Providence



**Posting Date** : 08/07/2019



**Location** :

Chicago, IL, 135 S LA SALLE ST (IL4135),

Boston, MA, 100 FEDERAL ST (MA5100),

Providence, RI, 1 FINANCIAL PLZ (RI1537),

- United States



**Travel** : Yes, 10% of the time



**Full / Part-time** : Full time



**Hours Per Week** : 40



**Shift** : 1st shift



**Assistance for Applicants with Disabilities**



Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .



**Diversity & Inclusion**



At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.



**Frequently Asked Questions**



Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.

Industry

  • Banking / Finance
Posted: 2019-08-09 Expires: 2019-09-28

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At Bank of America, our customers are at the center of everything we do. Our focus is on helping each one find the right financial solutions. With a wide range of career opportunities available, we invite you to realize your career goals with us while assisting customers with what matters most to them.

Welcome to Careers at Bank of America.


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Portfolio Management - Credit Officer

Bank of America
Chicago, IL 60664

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