Commercial Credit Officer Financial Sponsors Group
Company: Bank of America
Location: Rockville
Posted on: June 24, 2022
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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
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