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Job Information

Bank of America Approval Officer I in Phoenix, Arizona

Approval Officer I

Tampa, Florida;Phoenix, Arizona

Job Description:

The Small Business Lines and Loans team is part of the Client Underwriting and Protection organization. The primary focus of our team is to underwrite and decision Small Business loans, of various types to a variety of industries. Our business partners include Small Business Banking, Small Business Client Management, Risk Management and Credit Management and Administration. Key priorities for our team are effective risk management; growing the portfolio in a sustainable way; systems enhancements; strong partnership with our sales teams.

The teammate in this role is responsible for underwriting and decisioning Small Business loans, ranging in size from $250M to $1MM, complying with all bank policies, procedures, and regulations, interacting with Small Business Bankers, Solutions Advisors, colleagues and clients, both in writing and over the phone, performing well on the various metrics by which the role is measured. As part of the responsibilities of the role, the teammate will develop business partner relationships with internal partners.

The Approval Officer (AO) is responsible for underwriting and structuring of straightforward and complex credit transactions with oversight from the CPM/Mentor. They deliver financial, industry, economic and other analysis used to recommend and approve loans. They will analyze the cash flow of the business and indvidual guarantors, assess collateral coverage, primary and secondary sources of repayment and other underwriting metrics. The AO will, after training, exercise their own single signature loan authority while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements. The AO will be called on to take on customer facing responsibilities in obtaining background and financial information andarticulating the banks position.. The AOs provide ongoing coaching and support to their sales partners and other Credit Products team members. They report to the Credit ProductsManager (CPM).


1st shift (United States of America)

Hours Per Week:


Learn more about this role

Full time


Manages People: No

Travel: No


Talent Acquisition Contact:

Referral Bonus:

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 .