Commercial Credit Underwriter I/II - Restaurant Group

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:

The Restaurant Group (RG) UW is responsible for underwriting and structuring of credit transactions for middle market and large corporate restaurant companies based in the United States.  The UW is able to underwrite credit transactions with minimal oversight from the Credit Officer (CO).  The UW is an active participant with the CO in credit approval process for complex clients/transactions. UWs may call on credit clients and prospects in partnership or independently with the RM and/or CO as appropriate. Provides ongoing management and primary accountability for a portion of the monitoring and maintenance activities on an assigned portfolio of loans to restaurant companies, including a composition of complex client relationships. They monitor clients operating performance and financial condition to proactively identify issues and opportunities. They deliver financial, industry, economic and other analysis to facilitate decision making, while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements. The UW's provide ongoing coaching and support to other Credit team members. They report to Commercial Credit Manager (CCM) and partner closely with COs.

*Role can be filled as Underwriter I or II at the manager's discretion

Responsibilities:

• Evaluates credit worthiness and provides analysis and recommendations 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

Skills:

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

Required Qualifications:

• 3+ years of solid experience in Commercial Banking performing financial analysis, structuring, underwriting and portfolio management
• Strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring.
• Strong understanding and experience in cash flow lending
• <Restaurant industry expertise not required>

Desired Qualifications:

• Participate with RM or CO's to negotiate Credit Agreements & loan documents, as needed.
• Be knowledgeable of the closing process & timeline for all types of loans (i.e. real estate, revolvers, etc.)
• BA/BS Desired

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

Shift:

Hours Per Week: