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Approval Officer III - Small Business Lending - St Louis or Tampa

Bank of America
Saint Louis, MO
  • Job Code
Company Bank of America

Job Title Approval Officer III - Small Business Lending - St Louis or Tampa

Jobid bankofamerica-17062703SaintLouisMO

Location: Saint Louis, MO, 63108, USA

Description **Job Description:**

**Position Description** **& Responsibilities:**

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 riskmanagement; growingthe portfolio in a sustainable way; systemsenhancements; strongpartnership with our sales teams. The team is composed of approximately 100 employees located primarily in St. Louis, Tampa, Waltham, and Troy.

The teammate in this role is responsible for underwriting and decisioning Small Business loans, ranging in size from $250M to $2MM, complying with all bank policies, procedures, and regulations, interacting with Small Business Bankers, Client Managers, 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 Small Business Banking, Small Business Client Management, Credit Fulfillment and Credit Management and Administration.

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).

**Required Skills and Experience**

+ Musthave Commercial/SmallBusinesslending experience

+ 5+ years of experience in financial analysis, structuring, underwriting and portfolio management

+ Familiarity with banking regulations

+ Time management skills

+ Strong communication (both oral and written) and partnering skill

+ Ability to work on transactions without close supervision

+ Ability to evaluate business and personal cash flow

+ Prior experience in a high volume production environment **Desired Skills and Experience**

+ Strong analytical/technical skills, including financial accounting, modeling and loan structuring

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

+ BS/BA degree

**Posting Date** : 09/26/2017

**Location** :

Tampa, FL, CENTURY PARK, 1000 Century Park Dr,


- 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.


  • Financial Services

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Approval Officer III - Small Business Lending - St Louis or Tampa

Bank of America
Saint Louis, MO

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Approval Officer III - Small Business Lending - St Louis or Tampa

Bank of America
Saint Louis, MO

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