Underwriter - Sr Underwriter - Commercial Real Estate Banking

Job Description:

Role Overview:

CREB Underwriter (UW) is responsible for performing deal analysis, preparation of supporting justification, and processing approvals.  The UW has understanding of key policies and regulations for applicability/impact to a transaction. The UW is a member of the CREB market team, is aligned to LOB regions/markets, supports the Sr Underwriter (SUW) and Credit Officer (CO) teams in a specific market and assigned a portfolio of clients.  The UW will generally pair with a CO or SUW, or both, and they work as a team to jointly underwrite new transactions as well as perform material modifications to existing facilities. The UW will also 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 SUW will be responsible for underwriting all aspects of a transaction (i.e., construction debt, non-FHA perm debt and equity) for all product types.

Functional Role Description:

• New deal analysis and supporting justification

• Prepare credit approval documents and collateral analysis

• Support CO and SUW on deal screens, Term Sheets & Loan closings

• Data capture for new originations

• Activities associated with renewal, modification and extension of existing facilities where terms are being changed (i.e. extensions beyond final maturity, commitment increases, material covenant changes), including scorecard preparation

The person will be expected to: New deal analysis and supporting justification; Prepare credit approval documents; Support Credit Officer on DSM, Term Sheets, and Loan Closings; CAM preparation and collateral analysis; Data input and capture for new originations

Role Qualifications:

• 5+ years experience within 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

• Solid experience in financial analysis, structuring, underwriting and portfolio management, strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring

• Strong writing skills

• Maintains knowledge of other BofA/ML products including Investment Banking, Interest Rate Hedging, and Treasury Management that have credit exposure, and leverages product expertise to deliver the best possible solution for the client or prospect

Leadership Competencies:

• Demonstrates business and financial acumen

• Ensures self and others maintain a focus on client needs

• Delivers 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 clearly, both in writing and speaking using 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

**The team reserves the right to hire at the Band 5 or Band 4 level. This will be based on the chosen candidate's experience level**

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