Bank of America Leasing Credit Officer - Global Vendor Finance in Chicago, Illinois

Job Description:

Essential Functions:

Program Credit Officer (“PCO”) -Evaluate and underwrite new and existing vendor program opportunities, including the identification and assessment of all strengths, weaknesses and risks (including operational) associated with the opportunity as well as identifying and describing mitigating factors. Responsible for credit administration and managing the risk of a portfolio of vendor programs, including the timely preparation of periodic program status reviews and annual program renewals. Also responsible for the evaluation, review and written analysis of all factors that affect an entity’s ability to repay and/or service their obligations on time. The complexity of the entities and related transactions requiring analysis can vary over a wide spectrum. In addition, the entities requiring analysis can be at the vendor and/or end-user level.

The PCO uses their skill set to assess the appropriateness of existing solutions and to propose optimal financing alternatives or additional financing solutions. They are involved in managing credit quality and the approval process through their interaction with Risk Management, GVF Marketing Officers, Leasing and Bank Credit Managers, Leasing Administration and Legal. The individual’s skill set, background and experience will determine the appropriate job assignment.

The PCO must be able to interact effectively in a team environment as well as work independently with minimal guidance and direction. The ability to efficiently multi-task, and be decisive are important keys to success.

Required Education:

  • Undergraduate Business Degree

Prior Work Experience:

  • 5-7 years experience within the finance/banking industry with significant credit underwriting experience; vendor finance credit analysis experience preferred

Required Skills:

  • Effective presentation, structuring, financial statement and risk analysis skills

  • Demonstrated organizational skills (time management, multi-task, prioritize)

  • Demonstrated ability to identify trends and emerging risks in underwriting and client selection

  • Customer service focus

  • Proven problem solving abilities

  • Clear and articulate oral and written communication skills

  • Ability to make independent decisions

  • Mature and professional attitude

  • Exceptional interpersonal skills

  • Results oriented, is able to accomplish objectives in a specified timeframe

  • Works effectively, both as a team member and independently

  • 20% Travel

  • Location - Chicago

Posting Date : 03/05/2018

Location :

Chicago, IL, 135 S LA SALLE ST (IL4135),

  • United States

Travel : Yes, 20% of the time

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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