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Underwriting Analyst - Private Wealth Custom Lending

Saint Louis, Missouri;

Job Description:

Perform underwriting tasks for commercial loan requests to high net worth clients of Global Wealth and Investment Management, which includes Bank of America’s Private Bank and Merrill Lynch Wealth Management.

The position includes completion of customized credit approval packages and management of the documentation process. This role interfaces with client teams, credit executives, risk, servicing and legal partners to support the timely delivery of the credit process to market partners and clients.

Responsibilities:

  • Analyze commercial risks and identify mitigants
  • Recommend risk ratings, exposure strategies, and credit structures, including reporting requirements and covenants
  • Underwrite and obtain credit approval for various commercial loan products (yacht, commercial real estate, fine art, hedge funds, and unsecured)
  • Manage pipeline and deal flow

Qualifications:

  • 1-3+ years of commercial/private wealth management credit experience
  • Clear and concise communication skills
  • Proficiency in Word, Excel and PowerPoint
  • Interpersonal skills and the ability to build business partnerships with risk, services and client teams who may not be co-located

Desired Skills/Experience:

  • Formal Credit Training and/or Commercial/Wealth Management credit experience preferred
  • Bachelor’s degree in business administration, finance, accounting or economics preferred

Job Band:

H6

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Perform underwriting tasks for commercial loan requests to high net worth clients of Global Wealth and Investment Management, which includes Bank of America’s Private Bank and Merrill Lynch Wealth Management.

The position includes completion of customized credit approval packages and management of the documentation process. This role interfaces with client teams, credit executives, risk, servicing and legal partners to support the timely delivery of the credit process to market partners and clients.

Responsibilities:

  • Analyze commercial risks and identify mitigants
  • Recommend risk ratings, exposure strategies, and credit structures, including reporting requirements and covenants
  • Underwrite and obtain credit approval for various commercial loan products (yacht, commercial real estate, fine art, hedge funds, and unsecured)
  • Manage pipeline and deal flow

Qualifications:

  • 1-3+ years of commercial/private wealth management credit experience
  • Clear and concise communication skills
  • Proficiency in Word, Excel and PowerPoint
  • Interpersonal skills and the ability to build business partnerships with risk, services and client teams who may not be co-located

Desired Skills/Experience:

  • Formal Credit Training and/or Commercial/Wealth Management credit experience preferred
  • Bachelor’s degree in business administration, finance, accounting or economics preferred

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21082286

Band: H6

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Dave Rich [C]

Referral Bonus:

0