Credit Underwriter II or Senior - Global Vendor Finance

Bank of America; Chicago (IL); On-site; USD 87,000 - 200,000; Full time

Benefits offered by this job

Discretionary incentive eligible

Job summary

Bank of America in Chicago is seeking a Credit Underwriter II to support underwriting and monitoring for a portfolio of vendor programs and existing clients. You will independently manage low-complexity transactions, perform credit analysis, evaluate risks, and prepare financial analyses while coaching teammates on credit requirements.

The role emphasizes leadership in process execution, timely analysis, and adherence to internal policies.

Qualifications

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

Responsibilities

• Manage risk of a portfolio of vendor programs and prepare periodic status reviews and renewals.
• Evaluate new end-user credit opportunities; identify risks and mitigating factors.
• Partner with client-facing teammates to consult on sales opportunities and deliver optimal client solutions.
• Underwrite new transactions, analyze credit risk, negotiate and close deals in line with policy and regulatory requirements.
• Structure lease/loan terms including pricing, rates, payment, term, and collateral.
• Review financial statements and confirm accuracy of risk ratings.

Skills

Portfolio risk

Credit risk evaluation

Financial statement analysis

Credit underwriting

Negotiation & closing

Client consultation

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 range

$87,000.00 - $200,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This 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 busi