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Bank of America Sr. Credit Products Officer in Seattle, Washington

Sr. Credit Products Officer

Seattle, Washington;Scottsdale, Arizona; San Francisco, California; Portland, Oregon; Denver, Colorado

Job Description:

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.

The 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 SCPO's role in the credit

process is the guidance and oversight of underwriting, structuring, and

documentation of credit requests on an assigned portfolio. This 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. The SCPO is

able to underwrite and structure complex credit transactions with minimal

oversight. SCPO’s 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). In addition, the SPMO will have some travel time with face-to-

face interaction with our dealer clients.

The SCPO 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. The SCpO will

also be involved in the negotiation and closing process for transactions in

their portfolio. The SCPO 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

reports.

General qualifications include: a BS/BA degree and 5 -10+ years of solid

experience in financial analysis, structuring, underwriting and portfolio

management, strong communication and analytical/technical skills,

including financial accounting, modeling and loan structuring.

*Required Skills: “Must” have these skills to be minimally qualified. Undergraduate degree in Finance or Accounting. 5-10+ years of solid experience in general commercial credit analysis including underwriting, structuring, documentation, and portfolio management. Ability to explain and defend borrower financial analysis to manager and credit officers Confidence and ability to develop an independent viewpoint and present a business case to support conclusions. Excellent interpersonal 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 professional, consultative basis. Strong knowledge and comprehension of loan and collateral documentation. Ability to multi-task and continually modify the priority of assigned workflow. Strong verbal and written communication skills Strong Microsoft Office Software skills. Desired 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 business. Prior sales experience at the Owner / CFO level.

Job Band:

H4

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

​Monday - Friday, 8-5

Referral Bonus Amount:

0

Job Description:

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.

The 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 SCPO's role in the credit

process is the guidance and oversight of underwriting, structuring, and

documentation of credit requests on an assigned portfolio. This 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. The SCPO is

able to underwrite and structure complex credit transactions with minimal

oversight. SCPO’s 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). In addition, the SPMO will have some travel time with face-to-

face interaction with our dealer clients.

The SCPO 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. The SCpO will

also be involved in the negotiation and closing process for transactions in

their portfolio. The SCPO 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

reports.

General qualifications include: a BS/BA degree and 5 -10+ years of solid

experience in financial analysis, structuring, underwriting and portfolio

management, strong communication and analytical/technical skills,

including financial accounting, modeling and loan structuring.

*Required Skills: “Must” have these skills to be minimally qualified. Undergraduate degree in Finance or Accounting. 5-10+ years of solid experience in general commercial credit analysis including underwriting, structuring, documentation, and portfolio management. Ability to explain and defend borrower financial analysis to manager and credit officers Confidence and ability to develop an independent viewpoint and present a business case to support conclusions. Excellent interpersonal 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 professional, consultative basis. Strong knowledge and comprehension of loan and collateral documentation. Ability to multi-task and continually modify the priority of assigned workflow. Strong verbal and written communication skills Strong Microsoft Office Software skills. Desired 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 business. Prior sales experience at the Owner / CFO level.

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-21055392

Band: H4

Manages People: No

Travel: Yes, 25% of the time

Manager:

Talent Acquisition Contact:

Tamika Gabriel

Referral Bonus:

0

Colorado job seekers

Colorado pay range:

$126,500 - $160,000 annualized salary, offers to be negotiated based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the Corporate Performance Incentive Plan. Qualified employees are eligible for an annual discretionary award based on their overall individual results and behaviors performance at year-end (limited roles may also qualify for incentives during performance year).

Benefits

This role is eligible for all usual company benefits. At Bank of America, our employees are the foundation of our success. That’s why we’re committed to offering a variety of competitive programs and benefits that support your physical, emotional and financial wellness both at work and at home.

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .

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