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CREB Associate Underwriter

Chicago, Illinois

Job Description:

Role Overview:

CREB Associate Underwriter (AUW) is responsible for performing deal analysis, preparation of supporting justification, and processing approvals.  The AUW has understanding of key credit policies and regulations for applicability/impact to a credit transaction. The AUW is a member of the CREB market team, is aligned to LOB regions/markets, supports the UW, SUW, CO and/or PMO teams in a specific market. The AUW will also assist and advise the CREB portfolio group with any post closing credit actions as needed.  Successful candidates will possess functional knowledge and will have demonstrated strong performance with a focus on collaboration, driving operational excellence and the ability to influence leaders, peers and clients. 

For CDB the UW will be responsible for performing deal analysis for credit and equity transactions, including preparation of equity models and PAF, as well as all prescreen analysis. The AUW will work with the CO, SUW, and UW to evaluate profitability, determine tax implications and validate underlying assumptions in the analysis.

Functional Role Description:

  • Performs analysis (i.e. financial, borrower, industry, etc) and prepares credit approval documents (for CDB this includes models, PAF, prescreen analysis for both debt and equity)
  • Ensures data quality of credit related client & deal information (NAICS, collateral, pricing, guarantees, terms/conditions, regulatory - i.e. CRA, etc.)
  • Deepens credit skills by partnering with more senior Officers and gains exposure to / experience with overall credit process
  • Prepare spreads and RRSC for prospects
  • Complete pricing scenarios
  • Support CO, SUW, and UW on DSM and Term Sheets
  • Understands financial impacts of proposed deal structures

Role Qualifications:

  • <5 years’ experience within a financial institution
  • Knowledge of the primary functions of the Commercial Real Estate Banking teams at Bank of America
  • Familiarity with core banking products
  • Understanding of the regulations and BA Policy that govern CRE lending.
  • Adept at gathering and analyzing market and portfolio information
  • Strong writing skills
  • Maintains knowledge of other BofAML products including Investment Banking, Interest Rate Hedging, and Treasury Management that have credit exposure

Additional qualifications for CDB:

  • Strong knowledge of the primary functions of the Community Development  Banking teams at Bank of America
  • Experience underwriting debt and/or equity for affordable rental housing projects financed using the federal LIHTC program
  • Ability to analyze complex financial information, including schedules of sources and uses; construction budgets; tax returns; tax benefits schedules; and GAAP financial statements for corporations, partnerships, and individuals

Leadership Competencies:

  • Demonstrates business and financial acumen
  • Contributes to the delivery of practical, innovative solutions to customers/clients that meet their individual needs
  • Demonstrates and encourages collaboration, connection and teamwork within and beyond his/her team
  • Is intellectually curious; constantly seeks to learn and advance his/her knowledge
  • Remains positive and focused during times of pressure, adversity, or change
  • Is resilient; quickly adjusts behaviors in order to be successful.
  • Communicates with impact, both in writing and speaking using clear, concise and simple language
  • Demonstrates a bias for action and a commitment to achieving sustainable results
  • Makes timely and fact-based decisions
  • Ensures rigorous thinking and analysis have been used when making a decision

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-20010797

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Referral Bonus:

Check out the Chicago office

We have multiple sites in The Loop with easy ‘L’ train access to all our favorite places, from Adler Planetarium and the Magnificent Mile to Revival Food Hall and Navy Pier.

Street-level photo looking up at Bank of America tower

Street Address

Primary Location:
135 S LA SALLE ST, IL, Chicago, 60603