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Commercial Credit Underwriter I/II

Stamford, Connecticut

Job Description:

The UW is responsible for underwriting and structuring of straightforward and complex credit transactions with minimal oversight from the CO/CCM. The UW is able to underwrite complex credit transactions with minimal oversight from the CO and also approves credit transactions with some coaching from the CO/CCM based on approval grid. The UW leads the credit approval process with assistance from the CCM as needed for clients without CO coverage and is an active participant with the CO in credit approval process for complex clients/transactions. UWs may call on credit clients and prospects in partnership or independently with the RM and/or CO as appropriate. Provides ongoing management and primary accountability for all monitoring and maintenance activities on an assigned portfolio or market, including a higher composition of complex client relationships. The UW's have accountability for some monitoring and maintenance activities on an assigned client base primarily larger/complex client relationships. They monitor clients operating performance and financial condition to proactively identify issues and opportunities. They deliver financial, industry, economic and other analysis to facilitate decision making, while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements. The UW's provide ongoing coaching and support to other Credit Products team members. They report to the Commercial Credit Manager (CCM) and partner closely with COs.

Required Skills:

5+ years of solid experience in qualifications include: a BS/BA degree, general financial analysis, structuring, underwriting and portfolio management Strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring.


Desired Skills:

Participate with RM or CO's to negotiate Credit Agreements & loan documents, as needed.
Be knowledgeable of the closing process & timeline for all types of loans
(i.e. real estate, revolvers, etc.)

* Candidates could be hired as an UWI or II depending on skills and experience

Job Band:

H4

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

The UW is responsible for underwriting and structuring of straightforward and complex credit transactions with minimal oversight from the CO/CCM. The UW is able to underwrite complex credit transactions with minimal oversight from the CO and also approves credit transactions with some coaching from the CO/CCM based on approval grid. The UW leads the credit approval process with assistance from the CCM as needed for clients without CO coverage and is an active participant with the CO in credit approval process for complex clients/transactions. UWs may call on credit clients and prospects in partnership or independently with the RM and/or CO as appropriate. Provides ongoing management and primary accountability for all monitoring and maintenance activities on an assigned portfolio or market, including a higher composition of complex client relationships. The UW's have accountability for some monitoring and maintenance activities on an assigned client base primarily larger/complex client relationships. They monitor clients operating performance and financial condition to proactively identify issues and opportunities. They deliver financial, industry, economic and other analysis to facilitate decision making, while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements. The UW's provide ongoing coaching and support to other Credit Products team members. They report to the Commercial Credit Manager (CCM) and partner closely with COs.

Required Skills:

5+ years of solid experience in qualifications include: a BS/BA degree, general financial analysis, structuring, underwriting and portfolio management Strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring.


Desired Skills:

Participate with RM or CO's to negotiate Credit Agreements & loan documents, as needed.
Be knowledgeable of the closing process & timeline for all types of loans
(i.e. real estate, revolvers, etc.)

* Candidates could be hired as an UWI or II depending on skills and experience

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21061125

Band: H4

Manages People: No

Travel: Yes, 10% of the time

Manager:

Talent Acquisition Contact:

Adriana Shore

Referral Bonus:

0

Connecticut job seekers

Connecticut pay range:

$85,300 - $139,100 annualized salary, offers to be negotiated based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the Corporate Performance Incentive Plan. Qualified employees are eligible for an annual discretionary award based on their overall individual results and behaviors performance at year-end (limited roles may also qualify for incentives during performance year).

Benefits

This role is eligible for all usual company benefits. At Bank of America, our employees are the foundation of our success. That’s why we’re committed to offering a variety of competitive programs and benefits that support your physical, emotional and financial wellness both at work and at home.

Street Address

Primary Location:
301 TRESSER BLVD, CT, Stamford, 06901