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Asset Based Lending Underwriter

New York, New York

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description:

Works directly with the business development officers, relationship managers and/or product specialists to develop, structure, analyze, covenant, document, fund and close a deal. Works on a broad range of transactions from large corporate/private equity to core middle market. Requires direct contact with the client, financial sponsors and/or financial intermediaries (including outside accountants, legal counsel, appraisers, field examiners, etc.). Full understanding of BANA and BABC credit policies is required to enable immediate reaction to situations during the underwriting, documentation and closing processes.

Job Responsibilities:

  • Analyzing new prospects including financials and projections
  • Evaluate collateral for suitability for asset based facilities
  • Assist in preparation of term sheets and negotiating with prospective clients
  • Prepare documentation to evaluate new opportunities to include pre-screens and final approval documentation
  • Works with outside counsel and other third parties to included appraisers and field examiners to document and close transactions

Required Qualifications:

  • 5+ years experience credit, underwriting, and structuring of corporate lending transactions.

  • Familiarity with asset-based lending across broad industries

  • Knowledge of and ability to work with Legal Documentation

  • 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

Desired Qualifications:

BA/BS Degree with concentration in Finance, Accounting or related

Skills:

  • Analytical Thinking
  • Attention to Detail
  • Financial Analysis
  • Loan Structuring
  • Underwriting
  • Collaboration
  • Decision Making
  • Negotiation
  • Problem Solving
  • Written Communications
  • Business Acumen
  • Client Management
  • Portfolio Management
  • Prioritization

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-24022314

Manages People: No

Travel: Yes, 5% of the time

New York pay and benefits information

New York pay range:

$90,100 - $142,700 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

Street Address

Primary Location:
ONE BRYANT PARK, NY, New York, 10036