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Bank of America Credit Products Manager in Boston, Massachusetts

Credit Products Manager

Boston, Massachusetts;New York, New York

Job Description:

Bank of America's Retail Finance Group ("RFG") is seeking a Credit Products Manager ("CPM"), responsible for leading RFG’s new deal underwriting function and managing a team of underwriters. RFG, part of Bank of America Business Capital, provides asset based lending solutions to middle market and large corporate clients in the retail industry for re-capitalization, growth situations, mergers and acquisitions, turn-around situations, DIPs, etc. ranging from $20 million to over $4 billion in size and are collateralized primarily by accounts receivable and inventory (but also trade name advances and real-estate).

The CPM is an experienced credit professional capable of independent activity on complex and sensitive credit transactions. CPM works in a team setting with corporate and investment banking partners, business development officers, relationship managers and/or product specialists. Review / evaluate new financing opportunities. Prepare / review materials and participate in client pitches. Responsible for overseeing / guiding junior Underwriters to develop, structure, analyze, covenant, document, fund and close ABL transactions. Both CPM and underwriters interface directly with clients and prospects, financial sponsors and/or financial intermediaries (including outside accountants, legal counsel, appraisers, field examiners, participant banks etc.). Full understanding of Bank of America and BABC/RFG credit policies is required to identify and resolve issues during the underwriting, documentation and closing processes.

The role requires the individual to be a strong, decisive, results-oriented leader with excellent sales, technical, credit and administrative skills.

Required Skills:

  • Strong background in credit, underwriting, structuring and negotiating skills of corporate lending transactions

  • Knowledge of complex credit structures and experience in asset based lending and structuring of complex transactions in the retail industry

  • Able to establish and maintain collaborative partnerships

  • Demonstrates strong teaming behavior that creates win-win solutions that builds trust

  • Able to drive integration among multiple partners and functions

  • Demonstrates deep and broad business acumen - a strong business person with technical/credit skills

  • Able to influence executive management and provide thought leadership across the organization

  • Easily navigates multiple client and support organizations

  • Demonstrates sound judgment and acts with speed - able to achieve results quickly

  • Complex problem resolution abilities

  • Displays personal courage, makes tough people and business decisions

  • Communicates crisply and candidly

  • Unquestionable business and personal integrity

Desired Skills:

  • Prior experience leading a team and/or mentoring less experienced associates.

Job Band:

H4

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Bank of America's Retail Finance Group ("RFG") is seeking a Credit Products Manager ("CPM"), responsible for leading RFG’s new deal underwriting function and managing a team of underwriters. RFG, part of Bank of America Business Capital, provides asset based lending solutions to middle market and large corporate clients in the retail industry for re-capitalization, growth situations, mergers and acquisitions, turn-around situations, DIPs, etc. ranging from $20 million to over $4 billion in size and are collateralized primarily by accounts receivable and inventory (but also trade name advances and real-estate).

The CPM is an experienced credit professional capable of independent activity on complex and sensitive credit transactions. CPM works in a team setting with corporate and investment banking partners, business development officers, relationship managers and/or product specialists. Review / evaluate new financing opportunities. Prepare / review materials and participate in client pitches. Responsible for overseeing / guiding junior Underwriters to develop, structure, analyze, covenant, document, fund and close ABL transactions. Both CPM and underwriters interface directly with clients and prospects, financial sponsors and/or financial intermediaries (including outside accountants, legal counsel, appraisers, field examiners, participant banks etc.). Full understanding of Bank of America and BABC/RFG credit policies is required to identify and resolve issues during the underwriting, documentation and closing processes.

The role requires the individual to be a strong, decisive, results-oriented leader with excellent sales, technical, credit and administrative skills.

Required Skills:

  • Strong background in credit, underwriting, structuring and negotiating skills of corporate lending transactions

  • Knowledge of complex credit structures and experience in asset based lending and structuring of complex transactions in the retail industry

  • Able to establish and maintain collaborative partnerships

  • Demonstrates strong teaming behavior that creates win-win solutions that builds trust

  • Able to drive integration among multiple partners and functions

  • Demonstrates deep and broad business acumen - a strong business person with technical/credit skills

  • Able to influence executive management and provide thought leadership across the organization

  • Easily navigates multiple client and support organizations

  • Demonstrates sound judgment and acts with speed - able to achieve results quickly

  • Complex problem resolution abilities

  • Displays personal courage, makes tough people and business decisions

  • Communicates crisply and candidly

  • Unquestionable business and personal integrity

Desired Skills:

  • Prior experience leading a team and/or mentoring less experienced associates.

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-22044193

Band: H4

Manages People: Yes

Travel: Yes, 20% of the time

Manager:

Talent Acquisition Contact:

Sade Barnes

Referral Bonus:

0

Bank 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 .

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