Financial Analysis & Monitoring (FAM) Specialist

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
Financial Analysis & Monitoring (FAM) Specialist is responsible for monitoring and managing the credit quality and data integrity of assigned GWIM credit relationships to facilitate a sound credit portfolio. Responsibilities include the timely delivery of technically accurate spreads and risk rating scorecards using in-depth analysis of personal financial statements and tax returns to ensure the timely follow-up of loan monitoring activities and annual exposure reviews. Also responsible for preparation of IFARs and FARs as assigned. Provides additional credit support to underwriting teams as requested.

Responsibilities:

• Responsibilities include the timely delivery of technically accurate spreads and risk rating scorecards using in-depth analysis of personal financial statements and tax returns to ensure the timely follow-up of loan monitoring activities and annual exposure reviews

• Responsible for preparation of IFARs and FARs as assigned. Provides additional credit support to underwriting teams as requested

• Provides additional credit support to underwriting teams as requested

Required Qualifications:

• 2+ years’ experience in the commercial banking, private banking, leasing, or finance industry

• Strong Written and Verbal Communication skills

• Well organized and able to work independently, manage multiple assignments, and meet deadlines

• Strong Leadership and Teamwork and ability to work with others

• PC Proficiency including Excel, Word, Outlook and other applications        

Desired Qualifications:

• 2+ years of Commercial or Private Banking Underwriting, credit analysis or equivalent

• Bachelor’s Degree in Business Administration, Finance, Accounting, or Economics

• Working knowledge of financial balance sheets

Skills:

• Attention to Detail

• Financial Accounting

• Financial Analysis

• Oral Communications

• Prioritization

• Problem Solving

• Written Communications

• Analytical Thinking

• Collaboration

• Critical Thinking

• Data Management

• Underwriting

Shift:

Hours Per Week: