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Job Information

Bank of America Merchant Credit Approval Officer in Charlotte, North Carolina

Merchant Credit Approval Officer

New York, New York;Phoenix, Arizona; Charlotte, North Carolina

Job Description:

This roleis responsiblefor underwriting and structuring of standard path credit transactions and is held accountable for all transaction risk including, but not limited to, reputation, operation, market, and credit risks, as well as ongoing portfolio management.

PMO maintainsknowledge of other BofA products including debt capital solutions for commercial banking clients and Investment Banking and Treasury Management which have credit exposure, and leverages product expertise to deliver the best possible and optimally integrated strategic solution for the client or prospect.

This role reports to the Merchant Credit Manager or Executive and will be aligned to a Merchant Underwriting Team supporting GBAM Merchant clients. This role will specifically support activity for all Merchant Services clients with annual revenue of $5MM+.

Responsibilities:

•Perform financial, economic, industry, and other analysis of clients and prospects

•Design and execution of credit solutions, and the active management of asset quality

•Collaborates with the Relationship Manager (RM), Global Merchant Specialist (GMS), Treasury Solutions Officer (TSO), Wholesale Credit, SAG, and other product partners, when needed, to assess client needs, design integrated solutions, and deliver the bank to clients and prospects

•Provides credit underwriting and deal structure support, analysis, and decision recommendations for complex path credit transactions

•Serve as Credit approver in conjunction with Risk management based on credit approval grid and drives the internal credit approval process

•Structures and negotiates client merchant services contracts

•Take on customer facing responsibilities in obtaining background and financial information, articulating the bank’s position, and negotiating standard pathrelationships

Required Skills:

  • 3+ years of solid experience in financial analysis, structuring, underwriting and portfolio management

  • Strong communication and analytical/technical skills; including financial accounting, modeling and loan structuring

  • Prior experience in a high volume production environment

Desired Skills:

  • BS/BA degree preferred

Job Band:

H5

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

This roleis responsiblefor underwriting and structuring of standard path credit transactions and is held accountable for all transaction risk including, but not limited to, reputation, operation, market, and credit risks, as well as ongoing portfolio management.

PMO maintainsknowledge of other BofA products including debt capital solutions for commercial banking clients and Investment Banking and Treasury Management which have credit exposure, and leverages product expertise to deliver the best possible and optimally integrated strategic solution for the client or prospect.

This role reports to the Merchant Credit Manager or Executive and will be aligned to a Merchant Underwriting Team supporting GBAM Merchant clients. This role will specifically support activity for all Merchant Services clients with annual revenue of $5MM+.

Responsibilities:

•Perform financial, economic, industry, and other analysis of clients and prospects

•Design and execution of credit solutions, and the active management of asset quality

•Collaborates with the Relationship Manager (RM), Global Merchant Specialist (GMS), Treasury Solutions Officer (TSO), Wholesale Credit, SAG, and other product partners, when needed, to assess client needs, design integrated solutions, and deliver the bank to clients and prospects

•Provides credit underwriting and deal structure support, analysis, and decision recommendations for complex path credit transactions

•Serve as Credit approver in conjunction with Risk management based on credit approval grid and drives the internal credit approval process

•Structures and negotiates client merchant services contracts

•Take on customer facing responsibilities in obtaining background and financial information, articulating the bank’s position, and negotiating standard pathrelationships

Required Skills:

  • 3+ years of solid experience in financial analysis, structuring, underwriting and portfolio management

  • Strong communication and analytical/technical skills; including financial accounting, modeling and loan structuring

  • Prior experience in a high volume production environment

Desired Skills:

  • BS/BA degree preferred

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-21001443

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Natalie Morgan

Referral Bonus:

0

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