Leasing Credit Sr. Officer - Syndicated Portfolio Management Officer
Company: Disability Solutions
Location: Boston
Posted on: May 4, 2024
Job Description:
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:The position is responsible for
the ongoing portfolio management and monitoring of Bank of
America's Global Leasing Syndicated - Corporate, Commercial, Middle
Market, Healthcare, Leveraged Finance, and Global Corporate
Aircraft portfolios. Management and monitoring responsibilities
will include lending/leasing relationships with exposures up to
$100MM+ that are assigned risk ratings the equivalent of regulatory
Pass, Criticized, and Classified categories. High Net Worth
Individual and international accounts may also be
included.Responsibilities:
- The Leasing Credit Sr. Officer will act as the primary liaison
and subject matter expert between Leasing Credit Officers and
Leasing's investors on transactions that are syndicated or
participated with other 3rd party financial institutions.
- Coordinate between all parties on post-close credit actions to
assure consistency, that proper documentation has been executed,
and that such actions are otherwise successfully resolved.
- Listed as the primary Credit Officer for a portfolio of closed
syndicated and/or participated transactions, and tasked with the
day-to-day portfolio monitoring responsibilities of those
deals.
- Determine appropriate obligor and facility risk ratings through
ongoing review of client financial statements, covenant compliance,
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.
- Handle ad-hoc credit-related requests for clients, including
negotiating amendments and waivers to existing leases or
loans.
- Prepare periodic written credit reviews as required.
- Manage multiple demands and priorities while maintaining
organization, adherence to deadlines and compliance with
policy.
- Training and mentoring of more junior associates, as well as
ownership of various Leasing processes.
- Interact effective when Bank Partners when relationship exists,
or when the relationship otherwise crosses business units (i.e.
Special Assets)
- Communicates with clients directlyRequired Qualifications:
- 10+ years' experience in the commercial banking, leasing, or
finance industry
- 10+ years' experience credit underwriting or portfolio
management experience
- 10+ years of significant credit and secured equipment finance
knowledge and experience reviewing and negotiating legal
documents.
- 10+ years' experience identifying, anticipating and proactively
addressing potential credit problems early in the process,
including issuance of legal notices to clients and investorsDesired
Qualification:
- Prior experience in managing syndicated transactions.
- Prior experience with high risk Criticized/Classified
Exposures
- Proficient in Moody's CreditLens - Financial Statement
SpreadingSkills:
- Financial Analysis
- Loan Structuring
- Research Analysis
- Risk Management
- Underwriting
- Coaching
- Credit Documentation Requirements
- Credit and Risk Assessment
- Decision Making
- Issue Management
- Account Management
- Analytical Thinking
- Collaboration
- Multitasking
- Critical Thinking
- Customer and Client Focus
- Oral and written communication skillsMinimum Education
Requirement: Bachelor's Degree in Business, Finance and or
AccountingShift:1st shift (United States of America)Hours Per Week:
40
Keywords: Disability Solutions, Lowell , Leasing Credit Sr. Officer - Syndicated Portfolio Management Officer, Executive , Boston, Massachusetts
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