Commercial Credit Officer

Bank of America

  • Chicago, IL
  • $125,000-200,000 per year
  • Permanent
  • Full-time
  • 1 month ago
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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!Job Description:
The Commercial Credit Officer (CCO) is a highly skilled resource, providing expert level advisory guidance in the most complex, integrated debt capital solutions for commercial banking clients. Products include lines of credit, term loans, real estate loans, and syndicated loans. The CO manages all of the ancillary credit exposure to clients. The CO maintains knowledge of other BofA products including Investment Banking and Treasury Management 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 or Executive and will be aligned to an Underwriting Team that supports the market.Responsibilities:Manages the credit process for a portfolio of clientsNegotiates credit documentationLeads the credit and risk approval processesBuilds relationships with existing and prospective clientsMentors and supports associatesProvides capital structure solutionsSkills:Client Solutions AdvisoryFinancial AnalysisLoan StructuringRisk ManagementUnderwritingAccount ManagementCredit Documentation RequirementsCredit and Risk AssessmentDecision MakingIssue ManagementAnalytical ThinkingCoachingCollaborationCritical ThinkingCustomer and Client FocusRequired Qualifications:10+ years of solid Commercial Banking experienceExperience in financial analysis, structuring, underwriting and portfolio managementAnalytical/technical skills, including financial accounting, modeling and loan structuringStrong communication skills; ability to communicate vertically, horizontally, and externallyIndustry knowledge across multiple sectorsMinimum Education Requirement: BA/BS Degree DesiredShift: 1st shift (United States of America)Hours Per Week: 40Pay Transparency detailsUS - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110)Pay and benefits informationPay range$125,000.00 - $200,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

Bank of America