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Company Global Leasing is the largest U.S. equipment financing company, serving over 52,000 clients worldwide. We have $69 billion in total assets, and have a significant global presence, with nearly 1,000 associates. Together with our affiliated companies*, we provide equipment financing solutions to small businesses, middle-market and large corporations, offering product expertise in government financing and wholesale vendor financing, as well as tailored programs specific to industry segments, including aviation, healthcare, energy services and renewable energy.
*Certain products are offered through Banc of America Public Capital Corp, a wholly-owned subsidiary of Company N.A
The position is responsible for the ongoing portfolio management and monitoring of Company’s indirect leasing (Global Vendor Finance) portfolio. Management and monitoring responsibilities will include accounts with balances up to $50MM that are largely assigned risk ratings of the equivalent of regulatory Pass, though accounts within Criticized and Classified categories may also be included. The incumbent will also be responsible for understanding the intricacies and the importance of the vendors to the overall process.
The LCO II will determine appropriate obligor and facility risk ratings through the ongoing review of client financial statements, completion of periodic reviews on such statements, monitoring of news articles and other early warning alerts. These processes include interaction with Risk Management Officers, Marketing Officers, SAG Officers, Equipment Management associates and Credit Underwriting Officers, as well as Bank Credit Officers when a bank relationship exists. The LCO II’s portfolio may include some troubled/workout assets.
The LCO II will handle ad-hoc credit-related customer service requests for clients and vendors, which may include negotiating amendments to existing leases or loans. In addition, the LCO II may be asked to participate in periodic credit-related projects, typically relating to a segment of the total portfolio, such as industry studies, and may periodically be asked to underwrite new leasing exposure to new or existing customers.
The successful LCO II will be able to simultaneously manage multiple demands and priorities, while maintaining organization and adherence to deadlines. Additionally, the ability to detect potential credit problems early on in the process is critical.
This position is posted as a Leasing Credit Officer II position, but is flexible to be filled as a Leasing Credit Officer I position based on the skill set/experience of the applicant.
Undergraduate degree in finance or accounting; MBA preferred
Preferred Prior Work Experience:
Minimum of 3 years’ experience in the commercial banking, leasing, or finance industry with credit and secured equipment finance knowledge.
Foundation in commercial and large corporate credit analysis, with exposure to secured equipment-oriented finance.
Strong credit and risk analysis skills. Good aptitude or ability to understand elements of complex transaction structure.
Ability to work efficiently and productively on several transactions or tasks at one time.
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.
Ability to understand and work with project models.
Results oriented; is able to meet deadlines.
Preferred location: Chicago
Shift:1st shift (United States of America)
Hours Per Week: 40
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