Commercial Credit Officer Financial Sponsors Group

Company: Bank of America
Location: Rockville
Posted on: June 24, 2022

Job Description:

Commercial Credit Officer - Financial Sponsors GroupCharlotte, North Carolina;Washington, District of Columbia; North Bethesda, Maryland; Los Angeles, California; Dallas, Texas; Boston, Massachusetts**Job Description:**The Middle Market Financial Sponsors (MMFSG) Credit team is seeking a Credit Officer to originate and structure transactions for sponsor clients. The team focuses exclusively on financings for Middle Market companies that are owned by private equity firms. We typically provide Term Loan A solutions and our sponsor clients include both Middle Market and Large Cap firms. Transactions include LBOs, Recaps, and Acquisition Financings across multiple industries and consist primarily of syndicated transactions.The Commercial Credit Officer (CO) is a highly skilled resource, providing expert level advisory guidance and integrated debt capital solutions for both Business Banking and Middle Market commercial banking clients owned by private equity firms. Products include lines of credit, term loans, and syndicated loans as well as advising on complex capital structures and other debt capital markets solutions. The CO manages all of the ancillary credit exposure to clients and maintains knowledge of other BofA products including Investment Banking and Treasury Management that have credit exposure. The CO leverages product expertise to deliver the best possible and optimally integrated strategic solutions for the client or prospect.MMFSG is a fast-paced work environment with a highly active portfolio and strong deal flow from large cap and middle market PE clients. The portfolio consists primarily of Leveraged Transactions and experience with sponsor finance is preferred.Can be filled as an UWII, depending on qualificationsRequired Skills:--- Minimum of 10+ years of Commercial Banking Credit Experience--- Deal analysis: Perform analysis of clients and prospects and their industries and subsectors - make go /no- go recommendation,--- Design and execution of credit solutions, and the active management of asset quality - Manage execution of credit process from origination to approval to booking--- Collaborates with sponsor coverage team and other product partners, when needed, to assess client needs, design integrated solutions and deliver the bank to clients and prospects--- Serve as Line/Credit approver in conjunction with Risk management based on credit approval grid and drives the internal credit approval process, loan documentation and closing--- Must have a strong familiarity with acquisition finance and associated documentation--- Negotiate credit agreements on an independent basis directly with highly sophisticated client bases--- Articulate deal risks and merits for credit decisioning--- Train and mentor junior associatesDesired Skills:--- Bachelor's Degree**Job Band:**H4**Shift:**1st shift (United States of America)**Hours Per Week:**40**Weekly Schedule:****Referral Bonus Amount:**0**Job Description:**The Middle Market Financial Sponsors (MMFSG) Credit team is seeking a Credit Officer to originate and structure transactions for sponsor clients. The team focuses exclusively on financings for Middle Market companies that are owned by private equity firms. We typically provide Term Loan A solutions and our sponsor clients include both Middle Market and Large Cap firms. Transactions include LBOs, Recaps, and Acquisition Financings across multiple industries and consist primarily of syndicated transactions.The Commercial Credit Officer (CO) is a highly skilled resource, providing expert level advisory guidance and integrated debt capital solutions for both Business Banking and Middle Market commercial banking clients owned by private equity firms. Products include lines of credit, term loans, and syndicated loans as well as advising on complex capital structures and other debt capital markets solutions. The CO manages all of the ancillary credit exposure to clients and maintains knowledge of other BofA products including Investment Banking and Treasury Management that have credit exposure. The CO leverages product expertise to deliver the best possible and optimally integrated strategic solutions for the client or prospect.MMFSG is a fast-paced work environment with a highly active portfolio and strong deal flow from large cap and middle market PE clients. The portfolio consists primarily of Leveraged Transactions and experience with sponsor finance is preferred.Can be filled as an UWII, depending on qualificationsRequired Skills:--- Minimum of 10+ years of Commercial Banking Credit Experience--- Deal analysis: Perform analysis of clients and prospects and their industries and subsectors - make go /no- go recommendation,--- Design and execution of credit solutions, and the active management of asset quality - Manage execution of credit process from origination to approval to booking--- Collaborates with sponsor coverage team and other product partners, when needed, to assess client needs, design integrated solutions and deliver the bank to clients and prospects--- Serve as Line/Credit approver in conjunction with Risk management based on credit approval grid and drives the internal credit approval process, loan documentation and closing--- Must have a strong familiarity with acquisition finance and associated documentation--- Negotiate credit agreements on an independent basis directly with highly sophisticated client bases--- Articulate deal risks and merits for credit decisioning--- Train and mentor junior associatesDesired Skills:--- Bachelor's Degree**Shift:**1st shift (United States of America)**Hours Per Week:**40Learn more about this roleFull timeJR-22056214Band: H4Manages People: NoTravel: Yes, 25% of the timeManager:Talent Acquisition Contact:Anthony PicanoReferral Bonus:0Bank 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 and affirmative action, 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 "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .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 .

Keywords: Bank of America, Rockville , Commercial Credit Officer Financial Sponsors Group, Accounting, Auditing , Rockville, Maryland