Credit Underwriter II / Senior Credit UW

Merrill; Charlotte (NC); On-site; USD 89,000 - 188,000; Full time

Benefits offered by this job

Discretionary incentive

Benefits

Job summary

Bank of America in the United States seeks an experienced Commercial Underwriter to manage a portfolio of clients, perform rigorous financial analysis, and lead loan structuring decisions. You will work with Relationship Management and Risk teammates to size, structure, and document credit facilities.

The role emphasizes delivering high-quality credit analyses, coaching junior staff, and ensuring compliance with laws, rules, and policy.

Qualifications

• 7+ years of Commercial Banking Underwriting experience with financial analysis and loan structuring.
• Strong communication and analytical/technical skills including modeling and credit analysis.

Responsibilities

• Manages a portfolio of clients supporting underwriting and monitoring with limited to moderate complexity.
• Independently works with Relationship Management and Risk teammates to understand structuring needs.
• Delivers financial modeling and loan structure analyses to support loan decisions.
• Reviews junior teammates' work to provide feedback and ensure policy compliance.
• Has credit approval for certain actions and leads loan structuring conversations.

Skills

Financial Analysis

Underwriting

Credit Risk

Loan Structuring

Financial Modeling

Communication

Relationship Management

Analytical Thinking

Attention to Detail

Collaboration

Education

BA/BS Desired

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.

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 transactions or portfolios of limited to moderate complexity, 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 a portfolio of clients supporting underwriting and/or monitoring requirements with limited to moderate complexity
• Independently works with Relationship Management, and Risk teammates to understand structuring needs and requirements
• Delivers financial modeling, loan structure, industry, economic, and other analyses to team members to support the loan decision-making process
• Reviews work of junior teammates to provide feedback/coaching and ensure compliance with laws, rules, regulations and policy procedure
• Has credit approval for certain credit actions
• Leads loan structure conversations and completion of loan documentation with internal/external legal partners

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

• 7+ years of solid experience in Commercial Banking Underwriting (Middle Market or Large Corporate or Leveraged Finance) performing financial analysis, structuring, and portfolio management
• Strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring.

Desired Qualifications

• Participate with RM or CO's to negotiate Credit Agreements & loan documents, as needed.
• Be knowledgeable of the closing process & timeline for all types of loans (i.e. real estate, revolvers, etc.)
• BA/BS Desired

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

$89,000.00 - $187,500.00 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 business and/or group; and the overall success of the Company.

Benefits

This 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.