Practice Solutions Credit Executive

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:
Accountable for helping to design and deliver credit solutions and for underwriting, structuring and negotiating these solutions for Practice Solutions. Partners closely with client-facing teammates to consult on sales opportunities, and provide the product expertise and consultation necessary to deliver the best possible solution to the client. This job is responsible for managing a team tasked with designing and delivering credit solutions, including underwriting, structuring, and negotiating for Practice Solutions customers. Key responsibilities include (i) partnering with client-facing teams to consult on opportunities and provide product expertise, and (ii) managing a team of underwriters who are primarily responsible for credit analysis, credit approval, and credit portfolio management.

**This role reports directly to the head of Business Baking Credit.

Job Responsibilities:

• Drives responsible loan growth for Practice Solutions credits.
• Breaks down barriers to create a more inclusive environment that supports company Great Place to Work goals.
• Challenges end-to-end process efficiency and effectiveness, championing data driven decision-making and removing obstacles to optimize operations.
• Contributes to enterprise strategy and influences messaging to connect team contributions to business purpose, results, and success.
• Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.
• Coaches to sustain and elevate organizational performance while differentiating to ensure pay for performance.
• Efficiently allocates and manages resources across the organization to drive short and long term profitability.
• Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
• Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage.

Managerial Responsibilities:
This position is managerial. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Opportunity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company Great Place to Work goals.
• Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.
• Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.
• Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.
• People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.
• Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability.
• Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
• Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage.

Required Qualifications:

• 10+ years of business banking and/or Practice Solutions experience.
• Established, proactive leader with strong interpersonal skills, polish, and executive presence.
• A leader in managing talent selection, development and coaching.
• Strong time and operational management skills.
• Familiarity with cash flow credit skills and related market influences (profiling, structuring, underwriting, pricing, delivery).
• Experience focusing on credit structuring and underwriting in Practice solutions and/or business banking space.
• Strong verbal and written communication skills.
• Strong problem solving skills and the ability to influence others while building strong partnerships and retaining credibility.
• Willingness and ability to drive process efficiencies and operational excellence by leveraging tools such as digitization, automation, and AI.

Skills:

• Business Acumen
• Coaching
• Decision Making
• Hiring and Onboarding
• Loan Structuring
• Collaboration
• Credit Documentation Requirements
• Oral Communications
• Risk Management
• Written Communications
• Change Management
• Client Solutions Advisory
• Executive Presence
• Organizational Effectiveness
• Underwriting

Minimum Education Requirement:

Bachelor’s Degree required with Advanced Degree preferred

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - MA - Boston - 100 Federal St - 100 Federal St Lp (MA5100), US - MA - Waltham - 1025 Main St - 1025 Main St - Waltham (MA6536), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$225,000.00 - $400,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.