Commercial Banking Lender

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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 $20 million to up to $5 billion.
This is a senior, client-facing role, with primary responsibilities including analyzing client trends to identify opportunities and manage risk and growing funded loans and credit revenue. Additional responsibilities would include pitching credit opportunities, managing higher attention credits, reviewing and negotiating legal documentation, and overseeing the work of junior associates, including analysis of financial performance and preparation of approval documents.
The target candidate would be expected to handle more complex client relationships, as well as take a leadership role in managing bank groups and relationships with legal counsel, financial advisors, and financial sponsors. Some travel would be required to meet with clients.

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
Analyzes financial performance, negotiates credit terms, drafts proposals, reviews and negotiates loan documents, and oversees preparation of recommendations for approval
Handles both performing credits as well as distressed/turnaround credits including managing accounts through restructurings and bankruptcy processes
Credit Documentation Requirements
Financial Analysis
5+ years’ 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

Bachelors or Master’s degree
Formal Credit Training
Shift:
1st shift (United States of America) Hours Per Week:
US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - OH - Cleveland - 1375 E 9TH ST - 1 CLEVELAND CENTER (OH4375)Pay and benefits informationPay range$119,000.00 - $200,000.00 annualized salary, offers to be determined based on experience, education and skill set.Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.