Credit Underwriter I/II-Commercial Real Estate Banking

NBMBAA; Chicago (IL); On-site; USD 91,000 - 144,000; Full time

Benefits offered by this job

Benefits eligible

Discretionary incentive plan

Job summary

Bank of America in Chicago seeks a Portfolio Management Underwriter to oversee monitoring, analysis, and approval recommendations for a commercial real estate loan portfolio. You will collaborate with the Credit Team to ensure compliance with policies and risk ratings, while supporting complex client needs and transactions.

The role requires 2+ years in commercial credit analysis and portfolio management, with a finance or real estate focus.

Qualifications

• 2+ years commercial credit financial analysis and portfolio management experience.
• Commercial Credit Training.
• Bachelor’s degree in finance, accounting, economics or similar.
• Certificate from accredited real estate educational program.

Responsibilities

• Post close credit activity including documenting conditions for pre-approved extensions and related legal documents.
• Monitor and maintain an assigned portfolio: risk rating scorecards, financial reviews, covenant compliance, and reporting.
• Handle minor modifications and extension options on existing credits and facilities.
• Perform collateral analysis and sponsor/guarantor financial review, plus related legal document reviews.
• Drive process simplification and improvement under management guidance for CRE facilities (bridge, term, construction).

Skills

Attention to Detail

Credit and Risk Assessment

Financial Analysis

Underwriting

Written Communications

Analytical Thinking

Credit Documentation Requirements

Financial Forecasting and Modeling

Recording/Organizing Information

Business Acumen

Collaboration

Collateral Management

Loan Structuring

Prioritization

Education

Bachelor’s degree in finance, accounting, economics or similar

Certificate from accredited real estate educational program

Job description

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

The Portfolio Management Underwriter is responsible for the ongoing management and primary accountability for all monitoring and maintenance activities for an assigned portfolio of commercial real estate loans, primarily consisting of larger/complex client relationships. They monitor the operating performance and financial conditions of existing commercial real estate facilities to proactively identify issues and opportunities. PMUs deliver financial, industry, economic and other analysis to facilitate decision making and inform risk rating recommendations, while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements. Additionally, the PMU is responsible for providing underwriting analysis and approval recommendations for various Borrower requests related to assigned client base/facilities. They report to the Senior Credit Manager and partner closely with the Credit Team (Credit Risk Manager (CRM), Relationship Managers (RM), Credit Officers (CO), and Underwriters (UW)) to ensure Client needs/requests are being addressed. The PMU demonstrates strong judgement, sound credit skills, and is an active participant with the Credit Team in the credit approval process for complex clients/transactions.

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.

Required Qualifications

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

Desired Qualifications

• Bachelor’s degree in finance, accounting, economics or similar
• Certificate from accredited real estate educational program
• Large money center bank experience
• CRE portfolio management experience

Skills

• Attention to Detail
• Credit and Risk Assessment
• Financial Analysis
• Underwriting
• Written Communications
• Analytical Thinking
• Credit Documentation Requirements
• Financial Forecasting and Modeling
• Recording/Organizing Information
• Business Acumen
• Collaboration
• Collateral Management
• Loan Structuring
• Prioritization

Shift

1st shift (United States of America)

Hours Per Week

40

Pay Transparency details

US - CA - Los Angeles - 333 S HOPE ST - BANK OF AMERICA PLAZA (CA9193), US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110)Pay and benefits informationPay range$91,000.00 - $144,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.