Bank of America Practice Solutions Approval Officer I in Newark, Delaware

Job Description:

Job Description:

Bank of America Practice Solutions is a specialized lending unit that focuses on licensed medical professionals including Dentists, Physicians and Veterinarians. Applies credit skills and product knowledge to analyze and decide on a wide variety of business purpose loans for small business clients. Makes loan decisions, obtains Credit Policy and lending authority concurrence as appropriate and informs the originating sales associate of acceptance, decline or counteroffer decisions.

The Approval Officer I will typically have 1 to 3 years credit underwriting experience and is able to underwrite more basic/simple credit transactions with minimal oversight utilizing independent judgment and discretion to decision loans. Responsibilities include underwriting business cash flows, analyzing credit bureaus and conducting interviews with prospective borrowers to measure their plans and aptitude against industry standards. They deliver financial, industry, economic and other analysis used to recommend and approve loans. The AOs exercise their own single signature loan authority while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements. The AO will be called on to interview customers to obtain background and financial information in the process of rendering a decision.

Required Skills:

1-3 years of credit and underwriting experience

Ability to evaluate cash flow

Excellent oral and written communication skills

Strong organizational skills

Proficient with PC applications including Microsoft office (Excel and Word)

Ability to develop proficiency with the GUS and Risk Rating scorecard applications.

BS/BA degree

Desired Skills:

1-3 years of credit experience

Posting Date : 07/13/2017

Location : US-DE-Newark, US-OH-Westerville

Travel : No

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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