Leasing Credit Underwriter

Bank of America; City Of London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading financial institution is seeking a Leasing Credit Underwriter in London. You will support the credit management process, verify data, and conduct underwriting tasks. The ideal candidate has a business degree, excellent organizational skills, and language proficiency in German, Spanish, Italian, or French. Competitive benefits and a supportive workplace culture are offered.

Benefits

Private healthcare

Competitive pension plan

Paid maternity and paternity leave

Flexible benefits

Counseling through Employee Assistance Program

Qualifications

• Ability to interpret financial statements in a major European language.
• Demonstrated ability to accomplish objectives in a specified timeframe.

Responsibilities

• Support end-to-end credit management process.
• Conduct data verification of new/existing deals.
• Gather underwriting information and complete basic underwriting.

Skills

Organisational skills

Communication skills

Computer skills

Customer service skills

Multi-tasking

Results oriented

Education

Undergraduate business degree (accounting and finance)

Job description

Job Description

Job Title: Leasing Credit Underwriter

Corporate Title: AVP

Location: London/Dublin

Company Overview

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!

The Team

Global Vendor Finance (GVF) provides customer financing programs for capital equipment manufacturers, software developers, distributors and service providers, working primarily with clients of Global Commercial Banking and the Global Investment Banking group that have revenues in excess of $200MM. GVF’s wide variety of program structures and services help our clients differentiate themselves from competitors, create incremental sales, enhance cash flows and increase market share and profits. GVF handles transactions ranging from $5,000 to $25 million plus. Global Leasing, a part of the Asset Based Finance (‘ABF’) Group, is the largest U.S. equipment financing company, serving nearly 52,000 clients worldwide. Together with our affiliated companies we provide customized financing solutions that address the capital raising and equipment financing needs of businesses worldwide. We offer industry leadership, capital strength and specialized expertise to small businesses, middle‑market and large corporations, offering product expertise in government financing and wholesale vendor financing, as well as tailored programs specific to industry segments, including aviation, healthcare, energy services and renewable energy.

Job Description

The Credit Underwriter position sits within a team of credit professionals supporting the Global Leasing International platform that includes sales origination teams within the Global Vendor Finance (GVF) markets and requires a professional with EMEA regional experience. The position will provide credit support to the GVF Credit Underwriters located in London, and will include basic underwriting and working with other Bank of America colleagues involved in credit, risk and/or relationship management.

Partnering with the GVF Credit Underwriters, the individual will be responsible for supporting the end‑to‑end credit management process. Responsibilities include data verification of new/existing deals on source systems; posting of documents to electronic credit file; spreading financials; gathering underwriting information and completing basic underwriting, maintaining internal files and ensuring systems and data integrity. The ability to efficiently multi‑task and be decisive are important keys to success. Part of responsibilities may include interpreting/analyzing financial statements and documentation in one of the major European languages (i.e. German, French, Spanish or Italian).

What we are looking for

• Undergraduate business degree desired (accounting and finance)
• Exceptional organisational skills (time management, multi‑tasking, prioritization)
• Strong computer skills and attention to detail
• Effective communication skills (written and verbal)
• The ability to work effectively, both as a team member and independently
• Language skills are desirable (ability to interpret financial statements and review documentation in language) – German, Spanish, Italian or French
• Demonstrated customer service skills
• Results oriented, is able to accomplish objectives in a specified timeframe
• Travel - 10%

Benefits of working at Bank of America

UK

• At Bank of America, we strive to prioritise employees’ health and wellbeing – it’s what makes us a Great Place to Work.
• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner.
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons.
• We offer 26‑weeks paid maternity leave, 16‑weeks paid paternity leave and inclusive family leave arrangements for working parents and carers including 20 days of back‑up childcare including access to school holiday clubs and 20 days of back‑up adult care per annum.
• 20 days of back‑up childcare including access to school holiday clubs and 20 days of back‑up adult care per annum.
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness, cycle to work etc.
• Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan.
• Access to an Employee Assistance Program for confidential support and help for everyday matters.
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution.
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind‑set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio‑economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.