Job Location : Chicago,IL, USA
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.
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. 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. The LCO will contact the client directly when required. 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 proactively address potential credit problems early in the process is critical, including issuance of legal notices to the client as appropriate.
Responsibilities:
Required Qualifications:
Desired Qualifications:
Skills:
Shift: 1st shift (United States of America)
Hours Per Week: 40
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