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Commercial Credit Officer; Healthcare, Education, Not-for-Profit - Chicago, Cleveland, or Auburn Hills MI

Bank of America

Bank of America

Chicago, IL, USA · Auburn Hills, MI, USA · United States · Remote
Posted on Tuesday, June 11, 2024

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!

Job Description:

Bank of America's Healthcare, Education and Not-for-Profit Group (HENFP) is seeking a Commercial Credit Officer (CCO) to join our team; this position may be placed in Chicago, Cleveland or Auburn Hills, MI. The Healthcare, Education & Not-for-Profit group is part of the Global Commercial Bank and supports the financial needs of a variety of 501(c) not for profit clients including healthcare (hospitals, health systems, senior living and insurance providers), education (private universities, colleges and K-12 schools) and traditional not-for-profit organizations (cultural, professional, and social service organizations).

The Commercial Credit Officer (CCO) is a highly skilled client team member or associate, providing expert level advisory guidance in the most complex, integrated debt capital solutions for commercial banking clients. Products principally include lines of credit, term loans and direct purchases (taxable and tax exempt) and real estate loans, designed to meet company objectives, executed bilaterally as well as in syndicated markets. The CCO is an integral member of the Client Team and is responsible for delivering the end-to-end credit experience to clients and prospects, including management of all ancillary credit exposure to clients. The CO maintains knowledge of other Bank of America products including treasury management, hedging and other ancillary solutions that have credit exposure, and leverages product expertise to deliver the best possible and optimally integrated strategic solution for the client or prospect. This role reports to the Commercial Credit Manager and will be aligned to an Underwriting Team that supports the market.

Responsibilities:

  • Manages a portfolio of HENFP clients and prospects with annual revenues of $50 MM - $2 billion+.
  • Acquires, deepens, and maintains profitable relationships through credit sales, prospecting and relationship building.
  • Manages the end-to-end credit process for a portfolio of clients.
  • Provides capital structure solutions.
  • Negotiates and executes credit documentation.
  • Leads the credit and risk approval processes.
  • Mentors and supports junior credit associates’ learning and development through coaching.

Skills:

  • Client Solutions Advisory
  • Financial Analysis
  • Loan Structuring
  • 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

Required Qualifications:

  • 10+ years of solid Commercial Banking experience.
  • Experience in financial analysis, structuring, underwriting and portfolio management.
  • Analytical/technical skills, including financial accounting, modeling, and loan structuring.
  • Strong critical thinking skills; detail oriented with ability to problem solve.
  • Ability to effectively communicate and partner with all levels of leadership across multiple lines of business (verbal and written).
  • Strong time management and organizational skills; ability to prioritize work to meet deadlines.
  • Advanced skills in Microsoft Power Point and Excel
  • Industry knowledge across healthcare, education and non-profit sectors preferred.

Minimum Education Requirement: BA/BS Degree Preferred

Travel: 20%

Shift:

1st shift (United States of America)

Hours Per Week:

40