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 a diverse and 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.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
Responsible for the end-to-end credit management process supporting the Public Sector Banking line of business. Associate will manage a portfolio of complex credits, ensuring overall adherence to Credit, Regulatory and Procedural Policies and Guidelines, and an understanding of these guidelines as they relate to the Municipal Banking business. Partnering with Credit Products, Finance, Operations and the client, the associate will facilitate closings and renewal of commercial credit including coordination of approvals, review of legal documentation, engagement of business partners, and monitoring credit compliance as well as resolution of portfolio exceptions and ensuring overall accuracy.
Additionally, the associate works directly with clients to ensure the timely collection of all required financial information, and completes required monitoring activities including the completion of spreads, covenant tests, annual and interim reviews, MCDCs and assisting Credit Products team with market research.
Within the scope of activities, the associate will ensures data integrity in primary systems; Global Monitoring System, LoanIQ, Electronic Data Repository, and Global Underwriting System, and deliver practical innovative solutions to clients and business partners. They will demonstrate the ability to balance portfolio management along with participation in work-groups. Successfully manages multiple priorities with minimal supervision or oversight.
Required Skills:
- Clear and concise verbal and written communication skills
- Sound judgment, logical reasoning and exhibits a strong drive for results
- Operate effectively in a virtual team environment across geographic boundaries
- Efficient organizational skills, time management and close attention to detail
- Can effectively collaborate/negotiate with business partners and teammates to foster solid partnerships, teamwork, creditability and trust
- Adaptability to continuous learning and process changes
- Self-starter
- Strong product and process knowledge
- Strong Microsoft-based computer application skills (Word, Excel, Outlook etc.)
Desired Skills:
- College degree in Finance or related field
- Portfolio management, loan servicing and support experience
- Knowledge of credit from Commercial Line of Business
- Familiar with financial statements as it relates to the approval of commercial loans
- Familiar with interpretation of legal documentation in support of commercial loans
- Knowledge of Municipal Banking Credit Products
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - CA - Los Angeles - 333 S HOPE ST - BANK OF AMERICA PLAZA (CA9193), US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
Pay range$30.59 - $45.85 hourly pay, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This 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.
Benefits
This 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.
Top Skills
What We Do
We make financial lives better for our clients and our communities through the power of every connection. Our employees are at the heart of this purpose, and are key to driving responsible growth.
Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.
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