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 an 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.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
This job is responsible for performing commercial real estate credit analysis, preparing supporting deal justification, and closing credit facilities. Key responsibilities include underwriting aspects of real estate credit transaction (e.g., construction loan, term loan, revolving credit facility) for all product types, due diligence processes, performing material modifications to existing facilities, and advising the portfolio/coverage teams on any post-closing credit actions as needed. Job expectations may include driving operational excellence and influencing leaders, peers, and clients.
Responsibilities:
Leads the loan underwriting for Real Estate Commercial Banking clients, including term debt, lines of credit, construction and bridge loan opportunities.
Performs the requisite due diligence once a credit opportunity is mandated, preparing the approval request documents, receiving final loan approval on a timely basis, and participating in the loan closing process.
Collaborates with the client, relationship coverage team, and product partners, as applicable, to facilitate timely, client-centric loan closings. Occasional travel for client meetings and project tours also required.
Leads the end-to-end process for loan modifications and extensions on existing loans including structuring, due diligence, approval, and closing.
Completes Scheduled Exposure Reviews (SERs) and Risk Rating Scorecards for adversely risk rated loans. Underwriter then presents SER at quarterly SER meetings.
Proactive management of many parties involved in a closing
Required Qualifications:
3+ years of Commercial Real Estate Credit experience.
Experience analyzing and interpreting commercial real estate financial statements.
Must have financial modeling experience.
Desired Qualifications:
Bachelor’s degree in finance, accounting or related major
5+ years of Commercial Real Estate industry and Enterprise Credit experience
Skills:
Shift:
1st shift (United States of America)Hours Per Week:
40Learn more about this role
Full time
JR-25024683
Manages People: No
Travel: Yes, 5% of the time
Illinois pay range:
$91,200.00 - $140,200.00 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.
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