4 hours

Approval Officer III - Small Business Lines and Loans - St Louis or Chicago

Bank of America
Chicago, IL
  • Job Code
Company Bank of America

Job Title Approval Officer III - Small Business Lines and Loans - St Louis or Chicago

Jobid bankofamerica-18019024ChicagoIL

Location: Chicago, IL, 60664, USA

Description **Job Description:**

Job Description:

The AO is responsible for underwriting and structuring of straightforward and complex credit transactions with minimal oversight from the CPAM/CPTL. The AO is able to underwrite complex credit transactions with minimal oversight and also approves credit transactions with minimal coaching from the CPTL/CPAM, considering their credit approval authority limits and utilizing independent judgment and discretion to approve loans. They deliver financial, industry, economic and other analysis used to recommend and approve loans. The AOs 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, articulating the bank's position and negotiating more complex relationships. The AOs provide ongoing coaching and support to their sales partners and other Credit Products team members. They report to the Credit Products Approval Manager (CPAM) or Credit Products Team Leader (CPTL). General qualifications include: a BS/BA degree, 5+ 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, and prior experience in a high volume production environment.

**This position can be filled at the Approval Officer II level

Required Skills:

+ 5 years of Small Business loan Underwriting experience (3 years for AOII)

+ Time management skills

+ Communication (both oral and written) and partnering skill

+ Ability to work on transactions without close supervision.

+ Ability to evaluate cash flow.

Desired skills:

+ Proficient with PC applications including Microsoft office (Excel and Word);

+ Familiarity with banking regulations

**Posting Date** : 04/02/2018

**Location** :

Chicago, IL, 135 S LA SALLE ST (IL4135),


- United States

**Travel** : No

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

**Hours Per Week** : 40

**Shift** : 1st shift

**Assistance for Applicants with Disabilities**

Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .

**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.

**Frequently Asked Questions**

Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.

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Approval Officer III - Small Business Lines and Loans - St Louis or Chicago

Bank of America
Chicago, IL

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Approval Officer III - Small Business Lines and Loans - St Louis or Chicago

Bank of America
Chicago, IL

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