Credit Underwriter I-II or Senior

Bank of America; Georgia; On-site; USD 90,000 - 150,000; Full time

Job summary

Bank of America is seeking an Underwriter for the Global Commercial Banking credit team to underwrite loans and credit exposure for middle market companies across multiple industries in the Houston, Dallas, and Clayton MO markets. You will work with Relationship Management, Debt Capital Markets, and other product teams to analyze lending opportunities and monitor portfolios.

Responsibilities include structuring debt solutions, performing due diligence, building cash flow models, and creating

Qualifications

• BA/BS degree required.
• 3–10 years of Commercial Banking underwriting experience.
• Proficiency in accounting principles, financial statement analysis and financial modeling.
• Solid foundation in credit analysis, including evaluation of business risk, industry trends and capital structures.
• Understanding of credit documentation, including term sheets, credit agreements and ancillary agreements.
• Strong written and verbal communication skills.
• Unwavering attention to detail and accuracy.
• Ability to work in a fast paced, deadline driven environment.
• Ability to juggle and prioritize multiple transactions and responsibilities at a time.

Responsibilities

• Partner with credit teammates and product teams to develop strategic debt financing solutions.
• Structure bilateral and syndicated loans aligned with client needs and risk parameters.
• Analyze ancillary credit exposure for treasury, rates and FX products.
• Perform due diligence and dynamic risk assessments of borrowers, industries and transactions.
• Create credit approval packages and manage the credit approval process from initiation to final decision.
• Construct detailed cash flow and repayment models, including sensitivity analyses.
• Complete enterprise value (DCF), pricing, returns and risk rating models.
• Ensure adherence to regulatory and internal policies and procedures.
• Exercise approval authority for certain credit actions.
• Present well supported opportunities to credit and risk leadership.
• Partner with internal and external legal to complete loan documentation.
• Oversee quarterly monitoring exercises and requirements.

Skills

Financial analysis

Credit analysis

Financial modeling

Written communication

Attention to detail

Analytical thinking

Prioritization

Collaboration

Education

BA/BS degree

Job description

Company Culture

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.

Job Overview

As an Underwriter on the Global Commercial Banking credit team, you will be responsible for underwriting loans and related credit exposure for a portfolio of middle market companies across a broad range of industries with annual revenues ranging from $50 million to $2 billion in the Houston Tx., Dallas Tx. and Clayton Missouri markets. Working in close partnership with Relationship Management, Debt Capital Markets, Investment Banking and other product teams, you will analyze lending opportunities and perform ongoing portfolio monitoring. You will report to a Senior Credit Manager and work day-to-day with a team of Credit Officers, fellow Underwriters and Credit Analysts.

Responsibilities

• Partner with credit teammates, relationship management and product teams to develop strategic debt financing solutions
• Employ credit and accounting knowledge to structure bilateral and syndicated loans aligned with client needs and bank risk parameters
• Analyze ancillary credit exposure for treasury, rates and foreign exchange products
• Perform due diligence and dynamic risk assessments of borrowers, industries and transactions
• Create credit approval packages and own the credit approval process from initiation through final decision
• Construct detailed financial cash flow and repayment models, including sensitivity analyses
• Complete enterprise value (discounted cash flow), pricing, returns and risk rating models
• Ensure adherence to regulatory and internal policies and procedures
• Exercise approval authority for certain credit actions
• Present well supported opportunities to credit and risk leadership
• Partner with internal and external legal partners to complete loan documentation
• Oversee quarterly monitoring exercises and requirements

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

Required Qualifications

• BA/BS degree required
• 3 to 10 years of Commercial Banking (Middle Market, Large Corporate or Leveraged Finance) underwriting experience
• Proficiency in accounting principles, financial statement analysis and financial modeling
• Solid foundation in credit analysis, including evaluation of business risk, industry trends and capital structures
• Understanding of credit documentation, including term sheets, credit agreements and ancillary agreements (e.g. security, guarantee and intercreditor agreements)
• Strong written and verbal communication skills
• Unwavering attention to detail and accuracy
• Ability to work in a fast paced, deadline driven environment
• Ability to juggle and prioritize multiple transactions and responsibilities at a time

Desired Qualifications

• Experience with the syndicated loan execution process
• Knowledge of derivative products and documentation (i.e. ISDA agreements)
• Capability to conduct negotiations with clients

Shift & Working Hours

Shift: 1st shift (United States of America). Hours per week: 40.

Additional Details

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Pay Transparency: https://careers.bankofamerica.com/en-us/pay-transparency

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