Credit Underwriter I – Real Estate Corporate Banking

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 Real Estate Corporate Banking Credit Underwriter plays a key role in underwriting, portfolio monitoring, and performance reporting for loans and other credit risk exposure to large corporate real estate clients including public REITs, global real estate fund sponsors, and public homebuilders. The RECB Credit Underwriter works alongside Credit Officers and product partners from Corporate and Investment Banking, Loan Syndications, Risk, Treasury Management, Traded Products, Legal, and others with a focus on bilateral and syndicated unsecured REIT credit facilities, as well as subscription line financing for select institutional real estate asset managers.

The Underwriter works closely with the Credit Officers to drive the underwriting and credit approval process for new originations and renewals of multiple product types (trading, loan, treasury), and bears increasing responsibility for the completion of portfolio monitoring routines. Active participation in transactions is expected with expanding understanding of deal structures and documentation issues. There will be opportunities to provide coaching and direction to new analysts and Underwriters may be assigned primary responsibility on a limited number of accounts with senior officer oversight.

Responsibilities:

• Analyzing financial statements (primarily public company), capital structures, commercial real estate assets / portfolios and deal structures to produce documents in support of company specific and portfolio level decisions on a timely basis
• Proficient use of internal tools and systems in support of new deals, portfolio monitoring, performance reporting and data integrity requirements
• Solid understanding of capital and client profitability concepts, including modeling credit and relationship returns in support of risk / return considerations
• Comprehension of fundamental legal and underwriting concepts as they relate to deal structures

Required Qualifications:

• 3+ years of professional experience within a bank or financial institution, with hands-on exposure to credit analysis, underwriting, loan structuring, or portfolio management supporting Commercial Real Estate or related lending products
• Familiarity with core banking products
• Solid experience in financial analysis, structuring, underwriting and/or portfolio management
• Strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring.
• Demonstrates commitment, personal responsibility, strong communication skills, ability to manage multiple tasks at a time, teamwork, and a strong desire to grow and develop

Desired Qualifications:

• Undergraduate degree in finance, accounting, economics, real estate or similar field.
• Knowledge of the other BofA products including Investment Banking, Interest Rate Hedging, and Treasury Management that have credit exposure
• Leverages product expertise to deliver the best possible and optimally integrated strategic solution for the client or prospect.

Skills:

• Credit and Risk Assessment
• Financial Analysis
• Underwriting
• Written Communications
• Analytical Thinking
• Attention to Detail
• Customer and Client Focus
• Due Diligence
• Oral Communications
• Collateral Management
• Interpret Relevant Laws, Rules, and Regulations
• Legal Structures and Legal Forms
• Loan Structuring
• Prioritization

Shift:

Hours Per Week: