Sr. Credit Products Officer- Business Banking

Westerville, Ohio;Seattle, Washington; Plano, Texas; Charlotte, North Carolina; Chandler, Arizona; Chicago, Illinois; Elma, New York; Tampa, Florida; Newark, Delaware; Concord, California; Phoenix, Arizona; Waltham, Massachusetts; Saint Louis, Missouri

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**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**

Assigned as a market or industry level resource, the Senior Credit Products Officer (Sr. CPO) is a highly skilled resource, providing expert level advisory guidance, underwriting, structuring, managing, and negotiating the most complex credit solutions in the multi-practice and large relationship segment of Practice Solutions. Guidelines for assignment of Sr. CPOs include specific criteria and is made at the discretion of the Credit Products Manager (CPM). The role also serves as the Credit approver in conjunction with CPM and Risk management based on credit approval grid and drives the internal credit approval process, which includes assistance with loan documentation and closing. The underwriting is the most complex in the business as it consists of numerous borrowers and guarantors including Management Services Organizations (MSO/DSO). Involvement with monitoring activities/approvals including covenant compliance is also part of the Sr. CPO’s responsibilities. Management of these relationships can include quarterly or semi-annual monitoring in addition to site visits where appropriate. Sr. CPO’s serve as a consistent underwriting point of contact for the relationship as these are generally turn into repeat borrowers for the Bank. The Sr. CPO maintains knowledge of Bank products including Treasury Management where applicable that have credit exposure, and leverages product expertise to deliver the best possible and optimally integrated strategic solution for the client or prospect. The role is balanced between analysis/underwriting of clients and prospects, design and execution of credit solutions, and the management of asset quality. Client facing, the Sr. CPO collaborates with the Multi-Practice Business Development Officer (MP BDO), Relationship Account Officer (RAO), Client Manager (CM), Treasury Solutions Officer (TSO), and other product partners, when needed, to assess client needs, design integrated solutions and deliver the bank to clients and prospects. The Sr. CPO reports to the Credit Products Manager (CPM) and will be aligned to and have ownership over for a specific portfolio of clients.

**Sr. CPO Responsibilities:**

This position has direct responsibilities for underwriting, structuring, managing, and negotiating complex credit transactions. All associates at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

+ Ensuring key clients have face to face contact, travel required annually at a minimum.

+ Be Inclusive: Drive opportunity and model an inclusive environment for team, market, and community.

+ Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data-based decision making and continuous improvement.

+ Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.

+ Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.

+ People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.

+ Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.

+ Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delivering on work assignments.

**Required Skills:**

+ 5-7 years of small business or higher credit underwriting experience

+ Experience with complex structuring involving multiple business financial statements, pass-thru/management entities, and personal guarantors

+ Operates with a sense of urgency in fast-paced environment

+ Works independently & automatously knowing when to involve leader

+ Excellent oral and written communication skills; ability to motivate

+ Strong organizational skills with ability to work on multiple tasks

+ Client interviews and meetings (phone and in-person)

+ Face to face contact with key clients and willingness to travel, when applicable

+ Ability to quickly identify deteriorating trends

+ Effectively articulate rationale for difficult credit decisions

+ Thorough knowledge of credit policies, guidelines, and regulatory requirements

+ Knowledge of reporting and financial covenants

+ Excellent Microsoft office skills specifically with Excel but including PowerPoint, Word, and OneNote

**Desired Skills:**

+ Preferably Healthcare Finance experience

+ Commercial Lending Experience

+ Broad knowledge of E2E commercial lending portfolio facets

+ Proficient with applicable commercial underwriting platforms & supporting tools

+ Bachelor's Degree or equivalent

**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 - Concord - 2000 Clayton Rd - Concord Bldg D Usca01 - Rs (CA4999), US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - NY - Elma - 611 Jamison Rd - (NY7507), US - WA - Seattle - 401 Union St - Rainier Square (WA1510)

Pay and benefits information

Pay range

$114,200.00 - $152,600.00 annualized salary, 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.

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, 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.

To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) .

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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

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.