Credit Underwriter I/II - Portfolio Management/Asset Based Finance

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 analyzing and interpreting a client's credit worthiness, evaluating credit risks, and writing credit approval memos. Key responsibilities include analyzing qualitative and quantitative data such as client's financials, projections, industry data, covenant compliance, and collateral appraisals to ensure compliance with the bank's risk appetite. Job expectations include completing regular monitoring and underwriting tasks and supporting key internal stakeholders.

This position can be filled as a Credit Underwriter I or II based on experience.

Responsibilities:

• Analyzes client's financial performance by comparing it to past performance, projections.
• Reviews financial statements, assesses the client's compliance with financial covenants, and renews risk ratings, while recommending changes as warranted
• Assists in the underwriting and credit risk analysis for , client transactions, while adhering to all relevant policies and procedures
• Evaluates transaction and relationship risk-adjusted profitability to facilitate the allocation of capital

Required Qualifications:

• 3+ yrs of experience in Asset Based Lending, Commercial/Corporate credit or relationship management, leveraged finance, loan syndications, or restructuring/workout
• Strong credit, financial analysis and modeling skills
• Proficient in Word, Excel, and PowerPoint

Desired Qualifications:

• Bachelor's degree in Accounting and/or Finance
• Completion of a formal bank credit training program

Skills:

• Analytical Thinking
• Financial Analysis
• Profitability Analysis
• Research Analysis
• Attention to Detail
• Business Acumen
• Credit and Risk Assessment
• Underwriting
• Written Communications
• Collaboration
• Critical Thinking
• Portfolio Analysis
• Prioritization
• Technical Documentation

Shift:

Hours Per Week: