Credit Underwriter II - Commercial Real Estate 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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

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 the delivery of integrated credit solutions to clients as well as on-going portfolio management. Key responsibilities include underwriting and negotiating new transactions, partnering with client-facing teammates to consult on sales opportunities, and providing the product expertise to deliver effective client solutions. Job expectations include providing on-going monitoring of client portfolios, ensuring accurate and timely analysis of financial statements, assignment of risk ratings, and required client reviews.

This job is responsible for performing deal analysis, preparing supporting deal justification, and processing approvals for Commercial Real Estate credit transactions. Key responsibilities include underwriting aspects of a credit transaction (e.g., construction debt, term debt, and tax credit equity) for all product types, performing material modifications to existing facilities, and advising the Commercial Real Estate Banking portfolio group on any post-closing credit actions as needed. Job expectations may include driving operational excellence and influencing leaders, peers, and clients.

“Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy”

Responsibilities:

• Evaluates new end-user credit opportunities including identification and assessment of risks and identifies mitigating factors

• Partners with client-facing teammates to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client

• Underwrites new transactions, analyzes credit risk, negotiates and closes deals, while adhering to internal policy, procedures and regulatory requirements

• Structures the terms of a lease/loan with respect to the various aspects that make up a lease/loan (e.g. pricing, rates, payment, term, collateral)

• Manages the credit process for a portfolio of clients including reviewing financial statements, assessing the client's compliance with financial covenants, confirming the accuracy of risk ratings, and recommending changes as warranted

• Leads the underwriting of secured and unsecured transactions to Commercial Real Estate clients, including real estate secured construction and term debt, tax credit equity investments, unsecured corporate revolvers, bridge financing, commercial agency warehouse lines, and subscription lines

• 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

• Collaborate with the client, relationship coverage team, and product partners, as applicable, to facilitate timely and client-centric loan closings

• Leads the end-to-end process for loan modifications and extensions on existing loans including structuring, due diligence, gaining approval, and closing

•  Completes Scheduled Exposure Reviews (SERs) and Risk Rating Scorecards for adversely risk rated loans for approval, and presents SERs at quarterly SER meetings

Required Qualifications:

• 1-3 years in a Commercial Real Estate credit-related role with risk assessment experience

• Loan structuring, financial analysis, underwriting, and deal structuring for borrowers

• Strong negotiation and communication skills with the ability to effectively interact with internal and external stakeholders

• Proven ability to analyze, interpret and negotiate third party documentation

• Ability to identify trends and emerging risks in underwriting and client selection

• Strong knowledge and comprehension of loan and collateral documentation

• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)

Desired qualifications:

• 5+ years in a Commercial Real Estate credit role

• Undergraduate degree in finance, accounting or related field.

Skills: 

• Adaptability

• Attention to Detail

• Data Collection and Entry

• Prioritization

• Recording/Organizing Information

• Analytical Thinking

• Critical Thinking

• Issue Management

• Oral & Written Communications

• Problem Solving

• Due Diligence

• Collateral Management 

• Interpret Relevant Laws, Rules, and Regulations

• Legal Structures and Legal Forms

• Loan Structuring 

Shift:

Hours Per Week: