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AB Senior Underwriter II

Toronto, , Canada

Job Description:

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. In Canada, Bank of America has a strong market position and is committed to building it.

Description

Bank of America Business Capital (BABC) is seeking a AB Senior Underwriter II in Toronto. BABC is a market leading asset based lending group and is a part of the Enterprise Credit division. BABC provides leveraged loans in a variety of industries including manufacturers, distributors and service companies. The asset-based loan credit facilities range from $5 million to over $2 billion in size and are collateralized primarily by accounts receivable and inventory.

Underwriters at BABC are primarily responsible for evaluating financing opportunities, underwriting credit exposure and negotiating loan documentation for new customers. The AB Senior Underwriter II is an experienced credit professional capable of independent activity on complex and sensitive credit transactions.  Underwriters work in a team setting with business development officers, relationship managers and/or product specialists and are responsible to develop, structure, analyze, covenant, document, fund and close ABL transactions. Underwriters interface directly with clients and prospects, financial sponsors and/or financial intermediaries (including outside accountants, legal counsel, appraisers, field examiners, etc.). A full understanding of Bank of America and BABC credit policies is required to identify and resolve issues during the underwriting, documentation and closing processes.

Qualifications

  • Background in credit, underwriting, and structuring of corporate lending transactions

  • Completion of a formal credit training program is desired

  • Familiarity with asset-based lending across broad industries is desired

  • Able to establish and maintain collaborative partnerships

  • Demonstrates strong team-minded behavior that creates win-win solutions that build trust

  • Demonstrates deep and broad business acumen - a strong business person with technical skills

  • Easily navigates multiple client and support organizations

  • Demonstrates sound judgment and acts with speed - able to achieve results quickly

  • Complex problem resolution abilities

  • Communicates crisply and candidly

  • Unquestionable business and personal integrity

What Bank of America Offers

Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.

Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.

Bank of America is an Equal Opportunity Employer.

Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.

Job Band:

H4

Shift: 

Hours Per Week:

37.5

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. In Canada, Bank of America has a strong market position and is committed to building it.

Description

Bank of America Business Capital (BABC) is seeking a AB Senior Underwriter II in Toronto. BABC is a market leading asset based lending group and is a part of the Enterprise Credit division. BABC provides leveraged loans in a variety of industries including manufacturers, distributors and service companies. The asset-based loan credit facilities range from $5 million to over $2 billion in size and are collateralized primarily by accounts receivable and inventory.

Underwriters at BABC are primarily responsible for evaluating financing opportunities, underwriting credit exposure and negotiating loan documentation for new customers. The AB Senior Underwriter II is an experienced credit professional capable of independent activity on complex and sensitive credit transactions.  Underwriters work in a team setting with business development officers, relationship managers and/or product specialists and are responsible to develop, structure, analyze, covenant, document, fund and close ABL transactions. Underwriters interface directly with clients and prospects, financial sponsors and/or financial intermediaries (including outside accountants, legal counsel, appraisers, field examiners, etc.). A full understanding of Bank of America and BABC credit policies is required to identify and resolve issues during the underwriting, documentation and closing processes.

Qualifications

  • Background in credit, underwriting, and structuring of corporate lending transactions

  • Completion of a formal credit training program is desired

  • Familiarity with asset-based lending across broad industries is desired

  • Able to establish and maintain collaborative partnerships

  • Demonstrates strong team-minded behavior that creates win-win solutions that build trust

  • Demonstrates deep and broad business acumen - a strong business person with technical skills

  • Easily navigates multiple client and support organizations

  • Demonstrates sound judgment and acts with speed - able to achieve results quickly

  • Complex problem resolution abilities

  • Communicates crisply and candidly

  • Unquestionable business and personal integrity

What Bank of America Offers

Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.

Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.

Bank of America is an Equal Opportunity Employer.

Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.

Learn more about this role

Full time

JR-22003335

Band: H4

Manages People:

Manager:

Talent Acquisition Contact:

Birkan Casper

Referral Bonus:

0

Street Address

Primary Location:
181 BAY ST, Toronto, M5J 2V8