Product Specialist II - Credit

Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Description: This job is responsible for supporting credit analysts and relationship managers in underwriting and servicing specialized credit products. Key responsibilities include expertise in product functionality and user experience as well as handling more complex inquiries, contributing to product improvement feedback loops, and training initiatives. Job expectations include coaching entry-level product specialists. Responsible for the day-to-day resolution of complex client-related issues and the management of risks related to treasury accounts and services tied to an Asset Based Lending (ABL) credit facility. Must work closely with Treasury Sales Officers, Client Managers and Credit Officers to ensure the ABL requirements are implemented in the treasury relationship and to approve account structures, services and the opening/closing of accounts. Must be able to effectively educate both internal partners and external clients regarding the ABL requirements and how their treasury accounts will interface with the loan. Working with business partners in Global Operations, Treasury Fulfillment, Treasury Services, Global Risk Management, Global Credit Operations, and internal and external counsel. Responsibilities: Identifies markets and participates in the valuation of products Evaluates residual values in product contracts Works with cross functional teams to support product development and execution Prepares financial spreads and risk rating scorecards, as well as drafts of preliminary sections of credit approval memos Coordinates documentation and due diligence for credit transactions Tracks covenants, financial reporting, and compliance items Trains entry-level Product Specialist Ensuring that bank systems (including the Bank of America Business Capital (BABC) loan system have the proper information to facilitate the daily treasury transactions with the ABL Loan Accountable for ensuring all documentation including Deposit Account Control Agreements are correct and in place. Responsible for risk mitigation actions to protect the Bank from loss associated with accounts and treasury services. Required Qualifications: Expert in BAC treasury systems, services, capabilities and constraints including DDA platforms, Salesforce, OBA, GFS, iCon, etc Knowledge of ABL treasury requirements and BABC procedures Proficient in M365 including, Word, Excel, PowerPoint and CoPilot, Salesforce 3 years of experience in treasury services and risk mitigation Expertise and knowledge of capabilities and constraints of Bank’s treasury management services and corporate DDA platforms, Expertise in ABL treasury requirements and BABC operating procedures for loan servicing Possess strong analytical skills Strong communicator who is able to speak with authority with clients and internal business partners including higher management Must have ability to balance competing priorities and parties with conflicting interests Able to use sound judgment in the face of pressure and time deadlines and moves with a sense of urgency Ability to solve problems effectively and quickly find resolution to issues Desired Qualifications: Bachelor’s of Science of Finance preferred or equivalent work experience Skills: Attention to Detail Collaboration Collateral Management Data Collection and Entry Due Diligence Data and Trend Analysis Issue Management Monitoring, Surveillance, and Testing Problem Solving Recording/Organizing Information Active Listening Adaptability Audit Planning Fraud Management Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - CT - Hartford - 185 ASYLUM ST - CITY PLACE 1 (CT2500), US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110) Pay and benefits information Pay range $71,000.00 - $137,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure. Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity. Getting started Regardless of the position you are interested in, the starting points to building your resume are the same: 1. Determine the job or types of jobs you want to do and research their responsibilities and qualifications. 2. Think about why you can do the job and make a list of your skills that are relative to the job. 3. Identify experiences or accomplishments that show your proficiency in the skills required for the job. 4. Summarize your abilities, accomplishments and skills into a brief, concise document. Considerations when writing a resume • Do be brief. Resumes should be 1-2 pages in length. • Do be upbeat and active in your wording. • Do emphasize what you have done clearly and concretely. • Do be neat and well organized. • Do have others proofread and critique your resume. Spell check. Make it error free. • Do use high quality, white or light colored 8½ x 11 paper. Use a laser printer if possible. • Don't be dishonest, always tell the truth about yourself in the most flattering light. • Don't include salary history or requirements. • Don't include references. • Don't include accomplishments that do not support your professional goals. • Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.) • Don't use italics, underlining, shadows or other fancy treatments. Seven steps to a successful interview 1. Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview? 2. Research –What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available? 3. Assess –Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight. 4. Prepare Answers –Think about what the interviewer may ask, determine what the best answer is and write it down. 5. Prepare Questions – Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks. 6. Practice – It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease. 7. Follow-up – Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage. Pay Transparency - Privacy Statement -