Bank of America Business Development Officer in Dallas, Texas
Bank of American Business Capital (BABC) is seeking a Business Development Officer (BDO). BABC is a market leading asset based lending group and is a unit of the Global Commercial Bank. BABC provides secured lending solutions for growth situations, mergers and acquisitions, turn-around situations for business banking clients.
The BDO will be primarily responsible for acting as a liaison with Business Banking Relationship Managers on a national basis in identifying potential Asset Based Lending opportunities among Business Banking clients and prospects. These clients typically generate $30 to $75 million in annual sales revenue. The credit transactions consist of “in the box” Asset Based Loans ($5MM and up) typically used for refinancing to support the Company’s growth initiatives.
The BDO will work with Relationship Managers and Underwriting Managers to manage the transaction through closing. Responsibilities will include initial credit evaluation, writing screening memos, assisting in the preparation of term sheets and discussions with the client, structuring the transaction, and participating in the credit approval process. Travel is also required to visit prospects and referral sources.
This position will be filled as Business Development Officer commensurate with experience, skill set and referral network.
General qualifications include:
Must have direct experience interacting at the CEO and CFO level.
3-5 years credit experience, including underwriting and marketing experience.
Financial analytics and collateral evaluation skills
Degree in Finance, Business, or related area.
Posting Date : 04/09/2019
Denver, CO, REPUBLIC PLAZA, 370 17TH ST,
Chicago, IL, 135 S LA SALLE ST (IL4135),
Troy, MI, TROY HEADQUARTERS, 2600 W Big Beaver Rd,
Minneapolis, MN, IDS CENTER, 80 S 8TH ST,
Kansas City, MO, ONE KANSAS CITY PLACE OFFICE, 1200 Main St,
Cleveland, OH, 1 CLEVELAND CENTER, 1375 E 9TH ST,
Dallas, TX, BANK OF AMERICA PLAZA, 901 MAIN ST,
Houston, TX, BANK OF AMERICA CENTER, 700 LOUISIANA ST,
Seattle, WA, FIFTH AVENUE PLAZA, 800 5TH Ave,
- United States
Travel : Yes, 25% of the time
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
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