Commercial Credit Underwriter I/II - Healthcare, Education, Not-for-Profit

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:

Bank of America's Healthcare, Education and Not-for-Profit Group (HENFP) is seeking a Underwriter I/II to join our team. The Healthcare, Education & Not-for-Profit group is part of the Global Commercial Bank and supports the financial needs of a variety of 501(c) not for profit clients including healthcare (hospitals, health systems, senior living and insurance providers), education (private universities, colleges and K-12 schools) and traditional not-for-profit organizations (cultural, professional, and social service organizations).

This job is responsible for performing risk assessment and repayment capacity analysis (i.e., financial, borrower, industry, etc.) and preparing transaction justification for moderately complex/complex transactions with limited oversight. Key responsibilities include documenting credit analysis, independently assessing historic and projected borrower financial information, evaluating adherence to policy and procedure, providing loan structure analysis and recommendations, and monitoring portfolio performance.

Responsibilities:

• Evaluates credit worthiness and provides analysis and decisioning on whether a client should receive a credit facility
• Partners with Credit Officers, Relationship Management, and Risk teammates to assess and deliver credit solutions
• Monitors the client's operating performance and financial condition, proactively identifying issues and opportunities
• Delivers financial modeling, loan structure, industry, economic, and other analysis to team members to support the loan decision-making process 
• Ensures adherence to credit policies, guidelines, procedures, and applicable regulatory requirements
   

Required Skills:

• 5+ years of solid experience in financial analysis, structuring, underwriting and portfolio management, strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring in Commercial Banking
• Analytical/technical skills, including financial accounting, and modeling
• Strong communication skills; ability to communicate vertically, horizontally, and externally
• Experience in financial analysis and portfolio management

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Desired Skills:

• BS/BA degree and 2-3 years of credit analyst experience preferred

Skills:

• Credit and Risk Assessment
• Financial Analysis
• Underwriting
• Attention to Detail
• Written Communications
• Financial Forecasting and Modeling
• Recording/Organizing Information
• Credit Documentation Requirements
• Analytical Thinking
• Collateral Management
• Loan Structuring
• Business Acumen
• Collaboration
• Prioritization

This position can be filled as an UW I or II
Minimum Education Requirement:
High School Diploma / GED / Secondary School or equivalent

Shift:

Hours Per Week: