Credit Manager/Sr Credit Manager Global Wealth & Investment Management Custom Lending
| Company | Bank of America |
|---|---|
| Location | Miami, FL, USA, Dallas, TX, USA, Charlotte, NC, USA, New York, NY, USA |
| Salary | $109400 – $237500 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Senior, Expert or higher |
Requirements
- Strong financial analysis, accounting skills, and deal structuring for borrowers with complex balance sheets and income streams
- 10+ years of private wealth management credit experience
- Strong negotiation and communication skills
- Proficiency in Word, Excel and PowerPoint
- Excellent interpersonal skills and the ability to build business partnerships with risk, services and client teams who may not be co-located
Responsibilities
- Manages the end to end credit process for a portfolio of Private Bank clients
- Works with the Central Administration Unit to effectively monitor deals post close including the resolution/elevation of past due issues
- May approve and provide expertise on less complex transactions within markets supported
- Responsible for taking on certain leadership responsibilities within the team which may include coaching and mentoring of more junior Underwriters and analysts within GWIM Credit
- Pipeline management for specific markets
- Project management to improve processes
- Subject matter expertise for specific loan products
- Performs and documents in-depth financial analysis for credit approval of ultra-high-net-worth clients in compliance with policy, procedures, and GWIM underwriting standards and guidelines
- Complete Credit Approval Memos (CAM) and Modifications to obtain credit approval for complex, custom loan products
- Serve as main point of contact for regional portfolio of credit relationships
- Synthesize appropriate financial information to understand the client’s financial standing
- Provide advanced lending guidance and policy expertise with upfront deal discussions and structuring
- Consistently apply established procedures, policies, and practices to make financial decisions
- Review and negotiate loan structure and covenants during documentation process
- Proactively manage pipeline and timely deal flow of new and existing transactions
- Day to day management of loan portfolio in conjunction with partners
- Identify, recommend and lead process improvements
- Train, develop and mentor new and junior team members
- Serve as product, procedure and/or policy subject matter expert
- Performs back-up responsibilities for Underwriting Manager
Preferred Qualifications
- Bachelor’s degree in business administration, finance, accounting or economics preferred
- Formal Credit Training and/or Commercial/Wealth Management credit experience preferred