Credit Underwriter II or Senior - Global Vendor Finance

NBMBAA; Chicago (IL); On-site; USD 87,000 - 200,000; Full time

Job summary

NBMBAA in Chicago, IL seeks an experienced Credit Underwriter II to own and monitor credit opportunities for vendor programs and end-user clients. You will independently manage low-to-medium complexity transactions, perform credit analysis, and coach teammates on credit requirements.

The role emphasizes timely analysis, risk assessment, and collaboration with Risk Management Officers and Credit Products Managers to ensure compliant, optimal financing solutions.

Qualifications

• 3+ years of commercial credit underwriting (Middle Market, Large Corporate, Leveraged Finance) and credit analysis experience.
• Must have effective presentation, structuring, financial statement and risk analysis skills.

Responsibilities

• Manages the risk of a portfolio of assigned vendor programs, including timely preparation of periodic program status reviews and annual program renewals.
• Evaluates new end-user credit opportunities including identification and assessment of risks and identifying mitigating factors.
• Partners with client-facing teammates to consult on sales opportunities and provide product expertise to deliver the best solution.
• Underwrites new transactions, analyzes credit risk, negotiates and closes deals while adhering to policy, procedures and regulatory requirements.
• Structures lease/loan terms including pricing, rates, payment, term, collateral.
• Reviews and analyzes financial statements, and assigns and confirms risk ratings.

Skills

Credit underwriting

Financial analysis

Risk assessment

Portfolio management

Negotiation

Leasing/loan structuring

Job description

Job Description:

This job is responsible for the delivery of integrated credit solutions to clients as well as on-going portfolio management. Key responsibilities include underwriting and negotiating new transactions, partnering with client-facing teammates to consult on sales opportunities, and providing the product expertise to deliver effective client solutions. Job expectations include providing on-going monitoring of client portfolios, ensuring accurate and timely analysis of financial statements, assignment of risk ratings, and required client reviews.

Evaluate and underwrite vendor program credit opportunities, including the identification and assessment of all strengths, weaknesses and risks (including operational) as well as identifying and describing mitigating factors. This includes underwriting both vendors and potential end-users/borrowers, including the review and written analysis of all factors that affect an entity’s ability to repay and/or service their obligations in a timely manner. The complexity of the entities and related transactions requiring analysis can vary over a wide spectrum of industries.

The Credit Underwriter II uses their skill set to assess the appropriateness of existing solutions and to propose optimal financing alternatives or additional financing solutions. They are involved in managing credit quality and the approval process through their interaction with Risk Management Officers, GVF Marketing Officers, Credit Products Managers, Leasing Administration and Legal. Individuals in this role must be able to interact effectively in a team environment as well as work independently with minimal guidance and direction. The ability to efficiently multi-task, respond to shifting priorities, and be decisive are important keys to success.

Job Description:

This job is responsible for supporting credit underwriting and monitoring for new and existing clients in partnership with a credit team. Key responsibilities include independently managing low-complexity transactions or portfolios, completing and reviewing credit analysis, evaluating risks, and writing financial analysis. Job expectations include leading the process, ensuring timely and accurate analysis, and coaching teammates on credit requirements.

Responsibilities:

• Manages the risk of a portfolio of assigned vendor programs, including the timely preparation of periodic program status reviews and annual program renewals.
• Evaluates new end-user credit opportunities including identification and assessment of risks and identifies mitigating factors
• Partners with client-facing teammates to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client
• Underwrites new transactions, analyzes credit risk, negotiates and closes deals, while adhering to internal policy, procedures and regulatory requirements
• Structures the terms of a lease/loan with respect to the various aspects that make up a lease/loan (e.g. pricing, rates, payment, term, collateral)
• Includes reviewing and analyzing financial statements, and assigning and confirming the accuracy of risk ratings

Skills:

• Manages the risk of a portfolio of assigned vendor programs, including the timely preparation of periodic program status reviews and annual program renewals.
• Evaluates new end-user credit opportunities including identification and assessment of risks and identifies mitigating factors
• Partners with client-facing teammates to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client
• Underwrites new transactions, analyzes credit risk, negotiates and closes deals, while adhering to internal policy, procedures and regulatory requirements
• Structures the terms of a lease/loan with respect to the various aspects that make up a lease/loan (e.g. pricing, rates, payment, term, collateral)
• Includes reviewing and analyzing financial statements, and assigning and confirming the accuracy of risk ratings

Required Qualifications:

• 3+ years of commercial credit underwriting ((Middle Market, Large Corporate, Leveraged Finance) and credit analysis experience
• Must have effective presentation, structuring, financial statement and risk analysis skills

Desired Qualifications:

• Equipment leasing and finance experience

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110)

Pay and benefits information

Pay range$87,000.00 - $200,000.00 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.