Director, Senior ABL Credit Officer

Job Overview

The Senior Asset Based Credit Officer covers a portfolio of asset-based lending clients, with responsibility for delivering credit solutions and managing risk. Bank of America's Asset Based Finance (ABF) group provides asset-based loans to clients in the Global Commercial and Global Corporate and Investment Banks, partnering closely with relationship management and product partners. Typical focus is syndicated and sole lender facilities ranging in size from $20million to up to $5billion. The role will be client-facing, with primary responsibilities including analyzing client trends to identify opportunities, grow funded loans and credit revenue, pitching credit opportunities, reviewing and negotiating legal documentation and overseeing the work of junior associates.

Job Responsibilities

• Manages a portfolio of asset-based structured loans in the general industries space
• Proactively identifies credit solutions and opportunities to grow funded loans and spreads
• Actively monitors financial and collateral trends and recommends appropriate action
• Reviews requests for loan modifications
• Analyzes financial performance, negotiates credit terms, drafts proposals, reviews and negotiates loan documents, and oversees preparation of recommendations for approval
• Participates in building client relationships
• Handles performing credits as well as distressed/turnaround credits, including managing accounts through restructurings and bankruptcy processes

Required Qualifications

• Significant experience in asset-based lending, commercial banking or private credit
• Sound understanding of credit, transaction structuring, and financial and collateral analysis
• Detailed understanding of legal documentation
• Ability to draft concise, accurate and clear credit approvals with minimal oversight

Desired Qualifications

• Bachelor's or Master's degree preferred or equivalent experience
• Formal Credit Training
• Experience with bankruptcy and restructuring matters

Skills

• Attention to Detail
• Client Management
• Decision Making
• Underwriting
• Credit Documentation Requirements
• Critical Thinking
• Portfolio Management
• Problem Solving
• Written Communications
• Financial Analysis
• Negotiation

Benefits

• UK Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reason
• 20 days of back up childcare including access to school holiday clubs and 20 days of back up adult care per annum
• Ability to change core benefits and option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services
• Access to an Employee Assistance Program for confidential support and help for everyday matters
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK's most iconic cultural institutions and exhibitions
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community

Equal Opportunity Statement

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience. We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.