Credit Analyst & Underwriter I — Grow with Impact

Bank of America; New York (NY); On-site; USD 90,000 - 115,000; Full time

Benefits offered by this job

Benefits eligible

Discretionary incentive plan

Job summary

Bank of America is seeking a credit analyst to analyze client creditworthiness, evaluate risks, and write credit approval memos for annual renewals and new lending opportunities. You will review financials, projections, industry data, covenant compliance, and collateral appraisals to ensure alignment with the bank's risk appetite.

You will support underwriting and monitoring for new and existing clients, lead the process, coach teammates on credit requirements, and manage the end-to-end credit

Qualifications

• 3 years commercial and/or corporate banking credit to include financial analysis experience.
• Experience in underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures.
• Must have commercial credit analysis, financial modeling, traded products and underwriting experience.
• Must have proficient Excel, Microsoft Word and Power Point skills.
• Strong communication (verbal and written).
• Must be a Team player.

Responsibilities

• Analyzes client's financial performance by comparing it to past performance, projections, and industry standards
• Reviews financial statements, assesses the client's compliance with financial covenants, and renews risk ratings, while recommending changes as warranted
• Assists in the underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures
• Evaluates transaction and relationship risk-adjusted profitability to facilitate the allocation of capital
• Builds projection models for the client (as needed) based on historical performance, industry forecasts, and other due diligence findings
• Trains, coaches, and mentors credit analysts, and collaborate with team members
• Credit coverage of Banks, Broker Dealers, and Exchange Companies clients
• Manage the end-to-end credit approval process by managing analysts and the portfolio monitoring team-work flow to ensure quality of work and timeline management of deliverables.

Skills

Analytical Thinking

Financial Analysis

Financial Forecasting and Modeling

Profitability Analysis

Research Analysis

Attention to Detail

Business Acumen

Credit and Risk Assessment

Underwriting

Written Communications

Collaboration

Critical Thinking

Portfolio Analysis

Prioritization

Technical Documentation

Education

Bachelor's degree in finance, accounting or another related field

Formal credit training or related certifications

High School Diploma / GED / Secondary School or equivalent

Tools

Excel

Microsoft Word

PowerPoint

Job description

Bank of America is seeking a credit analyst to analyze client creditworthiness, evaluate risks, and write credit approval memos for annual renewals and new lending opportunities. You will review financials, projections, industry data, covenant compliance, and collateral appraisals to ensure alignment with the bank's risk appetite.

You will support underwriting and monitoring for new and existing clients, lead the process, coach teammates on credit requirements, and manage the end-to-end credit