CRE Portfolio Underwriter I/II — Real Estate Banking

Bank of America; Chicago (IL); On-site; USD 91,000 - 144,000; Full time

Benefits offered by this job

Discretionary incentive

Industry-leading benefits

Paid time off

Job summary

Bank of America is seeking a Portfolio Management Underwriter in Chicago to manage complex commercial real estate loans. You will monitor operating performance, perform underwriting analyses, and collaborate with the Credit Team to support risk rating decisions.

Your role requires strong credit judgment, detailed financial analysis, and proactive identification of issues within assigned facilities. This position offers competitive benefits and a culture focused on responsible growth.

Qualifications

• 2+ years commercial credit financial analysis and portfolio management experience.
• Commercial Credit Training.

Responsibilities

• Responsible for post close credit activity including documenting the conditions for pre-approved extensions and the associated legal documents.
• Responsible for all monitoring and maintenance activities on an assigned portfolio including risk rating scorecards, annual sponsor/guarantor financial reviews, covenant compliance, construction monitoring, interest reserve analysis, lease reviews, loan reporting, and site inspections.
• Activities associated with the minor modification of existing credits and the extension of facilities which have qualified for defined extension options.
• Collateral analysis, sponsor/guarantor financial analysis, and review of related legal documents.
• Credit facilities include bridge, term, and construction loans for commercial real estate developers and investors.
• The PMU is responsible to drive process simplification and improvement under the direction of management.

Skills

Credit analysis

Portfolio management

Financial modeling

Underwriting

Attention to detail

Written communications

Team collaboration

Loan documentation

Education

Bachelor's degree in finance or related

Real estate certificate

Tools

Credit systems

Excel

Job description

Bank of America is seeking a Portfolio Management Underwriter in Chicago to manage complex commercial real estate loans. You will monitor operating performance, perform underwriting analyses, and collaborate with the Credit Team to support risk rating decisions.

Your role requires strong credit judgment, detailed financial analysis, and proactive identification of issues within assigned facilities. This position offers competitive benefits and a culture focused on responsible growth.