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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

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 performing risk assessment and repayment capacity analysis (i.e., financial, borrower, industry, etc.) and preparing transaction justification for moderately complex/complex transactions with limited oversight. Key responsibilities include documenting credit analysis, independently assessing historic and projected borrower financial information, evaluating adherence to policy and procedure, providing loan structure analysis and recommendations, monitoring portfolio performance and writing Credit Approval Memorandums. Responsible for delivery of integrated credit solutions to large corporate clients. Partner closely with client-facing teammates in the Global Corporate Bank to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client along with prescreening new opportunities with senior management.

This position can be filled as a Sr. Credit Underwriter or Credit Underwriter II

Responsibilities:

Evaluates credit worthiness and provides analysis and decisioning on whether a client should receive a credit facilityPartners with Credit Officers, Relationship Management, and Risk teammates to assess and deliver credit solutionsMonitors the client's operating performance and financial condition, proactively identifying issues and opportunitiesDelivers financial modeling, loan structure, industry, economic, and other analysis to team members to support the loan decision-making processEnsures adherence to credit policies, guidelines, procedures, and applicable regulatory requirementsEvaluates new end-user credit opportunities including identification and assessment of risks and identifies mitigating factorsPartners 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 clientUnderwrites new transactions, analyzes credit risk, negotiates and closes deals, while adhering to internal policy, procedures and regulatory requirementsStructures the terms of a lease/loan with respect to the various aspects that make up a lease/loan (e.g. pricing, rates, payment, term, collateral)Manages the credit process for a portfolio of clients including reviewing financial statements, assessing the client's compliance with financial covenants, confirming the accuracy of risk ratings, and recommending changes as warranted

Required Qualifications:

Minimum 5+ yrs Leasing, Equipment Finance or Commercial Credit ExperienceMust have proficient credit and risk analysis skills.Must have proficient presentation, structuring and financial statement analysis skills.Must have proficient Microsoft Office skills.Must have proficient business writing skills.

Desired Qualificaitons:

BA/BS Degree in Finance or related majorIn-depth Leasing/Equipment finance experience

Skills:

Attention to DetailCredit and Risk AssessmentFinancial AnalysisUnderwritingWritten CommunicationsAnalytical ThinkingCredit Documentation RequirementsFinancial Forecasting and ModelingRecording/Organizing InformationBusiness AcumenCollaborationCollateral ManagementLoan StructuringPrioritization

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

1st shift (United States of America)

Hours Per Week: 

40