Easter Seals Jobs

Leasing Credit Officer II

Chicago, Illinois;Boston, Massachusetts; Providence, Rhode Island; Charlotte, North Carolina

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!

The Leasing Credit Officer II (LCO) will determine appropriate obligor and facility risk ratings through ongoing review of client financial statements, covenant compliance, loan/lease legal documents, collateral, and monitoring of news articles and other early warning alerts, as well as through interaction with Risk Management Officers, Marketing Officers, SAG Officers, Legal, Equipment Management Officers and Credit Underwriting Officers. When a Bank relationship exists, the LCO is expected to check the Bank credit team actions and risk rating assignments to assess impact to Leasing exposure and interact effectively with Bank partners. When required, the LCO will contact the client directly. The LCO’s assigned portfolio of accounts will include primarily Criticized (troubled/workout) assets managed outside SAG.

The LCO will be required to prepare quarterly SER reports and other periodic credit reviews. In addition, the LCO will handle ad-hoc credit-related requests for clients, including negotiating and approval of waivers and amendments to existing leases or loans.

The successful LCO will be able to simultaneously manage multiple demands and priorities while maintaining organization, adherence to deadlines and compliance with policy. Additionally, the ability to identify, anticipate and to proactively address potential credit problems early in the process is critical, including issuance of legal notices to the client as appropriate.

Responsibilities:

• The LCO will determine appropriate obligor and facility risk ratings through ongoing review of client financial statements, covenant compliance, monitoring of news articles and other early warning alerts, as well as through interaction with Risk Management Officers, Marketing Officers, SAG Officers, Legal, Equipment Management Officers and Credit Underwriting Officers

• Interact effectively with Bank partners

• Contact the client directly

• LCO’s assigned portfolio of accounts will include primarily troubled (workout) assets managed outside SAG

• Handle ad-hoc credit-related customer service request for clients, including negotiating waivers and amendments to existing leases or loans

• Prepare quarterly SER reports and other periodic credit reviews

• Training and mentoring of more junior associates, as well as ownership of various Leasing processes

• Manage multiple demands and priorities while maintaining organization, adherence to deadlines and compliance with policy

• Identify, anticipate and proactively address potential credit problems early in the process

Required Qualifications:

• 5+ years’ experience in the commercial banking, leasing, or finance industry

• Proficient commercial credit or leasing underwriting or portfolio management experience

• Proficient credit and secured equipment finance knowledge

• Experience reviewing and negotiating legal documents

Desired Qualifications:

• Undergraduate degree in finance or accounting

• Prior experience in high risk Criticized/Classified Exposures

• Prior Lease Finance Experience and High Net Worth Underwriting

• Prior experience in Corporate Aircraft Finance

• Proficient in Moody's CreditLens - Financial Statement Spreading

Skills:

• Financial Analysis

• Loan Structuring

• Research Analysis

• 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

Shift:

1st shift (United States of America)

Hours Per Week:

40

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.

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This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.