Portfolio Management: Energy Services - Leasing Credit Officer

Bank of America

Charlotte, NC
Job Code:
Bank of America
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Job Details

Company Bank of America

Job Title Portfolio Management: Energy Services - Leasing Credit Officer

Jobid bankofamerica-16059037CharlotteNC

Location: Charlotte, NC, 28230, USA

Description **Job Description:**

**Business Overview:**

We believe Bank of America Merrill Lynch (“BAML”) can do more for our clients than any other financial services firm. We understand the challenges our clients face around the world, and we use the full resources of our company to help them achieve their goals. Our solutions span the complete range of advisory, capital raising, banking, treasury and liquidity, sales and trading, and research capabilities.

Our Global Corporate & Investment Banking business focuses on building long-term relationships with more than 3,000 large U.S. and multinational corporations, financial institutions and financial sponsors. We provide strong advisory expertise, capitalizing on powerful mergers and acquisitions, corporate banking, treasury, debt and equity product expertise to deliver integrated financial solutions.

**Job Description:**

Responsible for administration and monitoring of client relationships and associated transactions in the BAPCC Energy Services (“ES”) portfolio. Clients are typically Federal, municipal or institutional entities for which we have provided financing for energy savings equipment and energy efficiency improvements. Duties will include the periodic financial statement and credit review of our ES clients, monitoring construction progress, and monitoring the credit profile of key transaction counterparties (i.e. our Energy Services Company (“ESCO”) partners). With respect to the latter, it is anticipated that the Leasing Credit Officer ll (“LCO ll”) will maintain a database on these counterparties.

A key element of the LCO II’s role will be to perform the monitoring requirements outlined in BAML Credit Policy. This will include the preparation of client status reviews and risk rating scorecards, as well as troubled asset reports. The LCO II will also assist in responding to information requests on the portfolio from senior Credit and Risk management.

In executing these duties, the LCO II will interact with BAPCC Credit Underwriting and Transaction Management, Leasing Contracts Management, as well as credit associates in BAML Public Sector Banking. The LCO II will also interact directly with our clients in the context of routine administration and financial performance discussions, as well as to address any issues that may develop with individual transactions. The latter may also involve discussions with our ESCO partners. The LCO II will report to the Portfolio Management Leasing Credit Manager.

**Required Education:**

Bachelor’s degree in finance or accounting.

MBA preferred.

**Prior Work Experience:**

+ 6-8 years of experience in commercial banking, leasing or finance industry with significant credit and secured equipment finance experience

+ Familiarity with municipal and institutional finance and credit analysis is essential.

+ Exposure to Federal leasing would be a plus. Preference is for an individual who has had portfolio responsibility for a substantial number of clients/transactions at one time.

**Required Qualifications:**

+ Solid experience in municipal and institutional (and, ideally, commercial and large corporate) credit analysis. Some familiarity with construction monitoring, ideally in the energy efficiency and solar generation spheres.

+ Strong credit and risk analysis skills. Good aptitude to understand elements of complex transaction structures.

+ Proven ability to analyze and interpret transaction documentation. Familiarity with leasing structures and documentation is a plus.

+ Strong ability to work efficiently and productively in a high volume environment.

+ Ability to interact effectively with clients.

+ Clear and articulate oral and written communication skills.

+ Computer skills; very comfortable with applications such as Word and Excel. Aptitude for other internal and web based computer applications.

+ Results oriented, is able to meet deadlines.

+ 5% Travel

**Posting Date** : 12/21/2016

**Location** : US-IL-Chicago, US-MA-Boston, US-NY-New York, US-NC-Charlotte, US-RI-Providence

**Travel** : Yes, 5% of the time

**Full / Part-time** : Full time

**Hours Per Week** : 40

**Shift** : 1st shift

**Assistance for Applicants with Disabilities**

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**Diversity & Inclusion**

At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

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