Credit Officer-Commercial Real Estate Banking

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
 

Job Description:
This job is responsible for serving as the primary credit relationship contact and maintaining ongoing relationships with credit clients. Key responsibilities include working with clients to design and execute credit solutions, leading new credit originations in collaboration with client management, credit risk, and syndications, and advising the Commercial Real Estate Banking portfolio group on any post closing credit actions as needed. Job expectations may include driving operational excellence and influencing leaders, peers, and client.

The CREB Credit Officer is the primary credit relationship contact with the client. The Credit Officer leads credit originations/modifications and is directly responsible to coordinate and collaborate with client management, syndications (as needed), and credit risk.  The Credit Officer, along with an assigned Underwriter, will work directly with clients from initial assessment, deal structuring, final credit approval, legal document negotiations and closing. The Credit Officer will also advise CREB Portfolio Management with any post-closing actions if needed and manage credit actions as they arise from portfolio monitoring.  The Credit Officer is a member of the CREB market team and is aligned to LOB regions/markets and is assigned a portfolio of clients. The Credit Officer is typically an individual contributor who reports to the Market Credit Executive and holds credit approval authority. The Credit Officer maintains knowledge of other BofA products including Investment Banking and Treasury Management and leverages product expertise to deliver the best possible and optimally integrated strategic solution for the client or prospect. The role is balanced between analysis of clients and prospects and their industries, design and execution of solutions, and the active management of asset quality. Client facing, the Credit Officer collaborates with the Relationship Manager, Treasury Solutions Officer, and other product partners, when needed, to assess client needs, design integrated solutions and deliver the bank to clients and prospects. Successful candidates will possess functional expertise (CRE underwriting/structuring, Credit Facility Agreement negotiations with Legal Counsel), strong written and verbal communication skills, and will have demonstrated strong performance with a focus on collaboration, driving operational excellence and the ability to influence leaders, peers, and clients.

Responsibilities:

• Manages the underwriting of secured and unsecured transactions to Commercial Real Estate clients, including real estate secured construction and term debt, tax credit equity investments, unsecured corporate revolvers, bridge financing, commercial agency warehouse lines, and subscription lines
• Oversees the requisite due diligence once a credit opportunity is mandated, preparing the approval request documents, receiving final loan approval on a timely basis, and participating in the loan closing process
• Leads new credit originations and structures loans in collaboration with the relationship coverage team, products partners, Risk, Syndications, and Treasury
• Manages the end-to-end process for loan modifications and extensions on existing loans including structuring, due diligence, gaining approval, and closing
• Assists and advises the Commercial Real Estate Banking portfolio group on any post closing actions, as needed
• Engage legal counsel / Lead document review and closing process with Underwriter assistance.

Required Qualifications:

• 5+ years’ experience in commercial real estate credit/financing.
• Must have proficient experience in financial analysis, structuring, underwriting and portfolio management, strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring and documentation.
• 3+ years’ experience in Banking or financial lending institution.
• Familiarity with core banking products.
• Understanding of the regulations that govern Banking and CRE lending.
• Maintains knowledge of other banking products including Investment Banking, Interest Rate Hedging, and Treasury Management that have credit exposure, and leverages product expertise to deliver the best possible and optimally integrated strategic solution for the client or prospect.

Desired Qualifications:

• 10+ years’ experience in commercial real estate credit/financing.
• 5+ years’ experience in Banking or financial lending institution.

Skills:

• Credit and Risk Assessment
• Customer and Client Focus
• Loan Structuring
• Oral Communications
• Written Communications
• Analytical Thinking
• Legal Structures and Legal Forms
• Presentation Skills
• Prioritization
• Relationship Building
• Attention to Detail
• Collaboration
• Strategic Thinking
• Underwriting

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - CA - San Francisco - 555 California St - Bofa Center - 555 California (CA5705)

Pay and benefits information

Pay range

$125,000.00 - $200,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.