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:
Responsible for the ongoing portfolio management and monitoring of Bank of America Public Capital Corp's portfolio of transactions with governmental entities. The LCO II will determine appropriate obligor and facility risk ratings through ongoing review of client financial statements, completion of periodic reviews on such statements, monitoring of news articles and other early warning alerts, as well as through interaction with Risk Management Officers, Marketing Officers, Special Assets Officers, Equipment Management Officers, and Credit Underwriting Officers. In addition, the officer will review construction progress and approve extensions and disbursements, as required. The LCO II will handle ad-hoc credit-related customer service request for clients. As needed, the LCO II will assist in the underwriting of new transactions with governmental entities.

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 identify, anticipate and to proactively address potential credit problems early in the process is critical, including issuance of legal notices to clients and investors, as appropriate. 

Responsibilities:

• Evaluates new end-user credit opportunities including identification and assessment of risks and identifies mitigating factors

• Partners with client-facing teammates to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client

• Underwrites new transactions, analyzes credit risk, negotiates and closes deals, while adhering to internal policy, procedures and regulatory requirements

• Structures the terms of a lease/loan with respect to the various aspects that make up a lease/loan (e.g., pricing, rates, payment, term, collateral)

• Manages the credit process for a portfolio of clients including reviewing financial statements, assessing the client's compliance with financial covenants, confirming the accuracy of risk ratings, and recommending changes as warranted

• Partners across the organization to address client requests

• Monitors construction in progress, addressing delays, approving and documenting amendments

Required Qualifications:

• 3 - 5 years’ experience in commercial banking, finance or credit ratings industries with significant credit experience.

• Experience in the analysis and structuring of complex transactions

• Strong credit and risk analysis skills

• Strong presentation, structuring and financial statement analysis skills

• Proven ability to analyze, interpret and negotiate third party documentation

• Proven ability to identify trends and emerging risks in underwriting and client selection

• Proficient Microsoft Office skills

Desired Qualifications:

• Municipal Lending Experience

Skills:

• Risk Management

• Financial Analysis

• Research Analysis

• Loan Structuring

• Underwriting

• Credit and Risk Assessment

• Issue Management

• Account Management

• Credit Documentation Requirements

• Decision Making

• Analytical Thinking

• Collaboration

• Critical Thinking

• Customer and Client Focus

• Lease / Loan Structuring

Minimum Education Requirement: bachelor’s degree or equivalent work experience

Shift:

Hours Per Week: