Credit Associate – Global Corporate and Investment Banking - Energy

Bank of America; Houston (TX); On-site; USD 70,000 - 100,000; Full time

Job summary

Join a leading bank as a Credit Associate specializing in Global Corporate and Investment Banking focused on Energy. The position requires a strong understanding of credit risks and compliance, with responsibilities including financial analysis and transaction management. Ideal candidates will possess excellent analytical and communication skills, alongside a background in finance or economics, to facilitate complex lending solutions and support client needs.

Qualifications

• 3+ years of commercial and/or corporate banking credit underwriting experience.
• Robust understanding of corporate finance and accounting concepts.
• Excellent writing and verbal communication skills.

Responsibilities

• Analyze client's financial performance and assess compliance with financial covenants.
• Assist in the underwriting, credit risk analysis, negotiation, and closing of transactions.
• Train, coach, and mentor Credit Analysts.

Skills

Analytical Thinking

Financial Analysis

Financial Forecasting and Modeling

Profitability Analysis

Attention to Detail

Business Acumen

Credit and Risk Assessment

Underwriting

Education

Bachelor’s degree with emphasis in finance, accounting or economics

Tools

Microsoft Excel

Job description

Credit Associate – Global Corporate and Investment Banking - Energy page is loaded

Credit Associate – Global Corporate and Investment Banking - Energy

Apply locations Houston time type Full time posted on Posted 2 Days Ago job requisition id 25022323

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: This job is responsible for analyzing and interpreting a client's credit worthiness, evaluating credit risks, and writing credit approval memos for annual renewals and new lending opportunities. Key responsibilities include analyzing qualitative and quantitative data such as client's financials, projections, industry data, covenant compliance, and collateral appraisals to ensure compliance with the bank's risk appetite. Job expectations include completing regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of new transactions. Associates will be deeply involved with underwriting, structuring and documenting financial solutions to meet client credit needs related to working capital loans, M&A financing, hedging, leasing and treasury

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
• Completing comprehensive analysis on client financial statements
• Identifying and monitoring client and industry risk trends
• Developing financial statement forecasts and enterprise valuations
• Modeling transaction and relationship profitability
• Discussing the merits of financing transactions from a credit risk and relationship perspective
• Reviewing legal documentation related to loans and derivatives
• Writing credit memorandums to summarize your analysis and conclusions
• Training and mentoring Credit Analysts
• Assisting Credit Officers with structuring, underwriting and documenting credit solutions for clients and with managing client relationships

Required Qualifications:

• Robust understanding of corporate finance and accounting concepts
• Excellent writing and verbal communication skills
• Effective time management skills with ability to balance multiple competing priorities
• Proficiency in Microsoft Excel
• 3+ years of commercial and/or corporate banking credit underwriting related experience, preferably in a bank or large financial institution

Desired Qualifications:

• Bachelor’s degree with emphasis in finance, accounting or economics

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

Shift:

1st shift (United States of America)

Hours Per Week:

40

About Us

Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure. Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity.

Regardless of the position you are interested in, the starting points to building your resume are the same:
1.Determine the job or types of jobs you want to do and research their responsibilities and qualifications.
2.Think about why you can do the job and make a list of your skills that are relative to the job.
3.Identify experiences or accomplishments that show your proficiency in the skills required for the job.
4.Summarize your abilities, accomplishments and skills into a brief, concise document.

Considerations when writing a resume
•Do be brief. Resumes should be 1-2 pages in length.
•Do be upbeat and active in your wording.
•Do emphasize what you have done clearly and concretely.
•Do be neat and well organized.
•Do have others proofread and critique your resume. Spell check. Make it error free.
•Do use high quality, white or light colored 8½ x 11 paper. Use a laser printer if possible.
•Don't be dishonest, always tell the truth about yourself in the most flattering light.
•Don't include salary history or requirements.
•Don't include references.
•Don't include accomplishments that do not support your professional goals.
• Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.)
•Don't use italics, underlining, shadows or other fancy treatments.

Seven steps to a successful interview
1.Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview?
2.Research –What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available?
3.Assess –Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight.
4.Prepare Answers –Think about what the interviewer may ask, determine what the best answer is and write it down.
5.Prepare Questions – Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks.
6.Practice – It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease.
7.Follow-up – Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage.