GCIB Credit Analyst

Bank of America; Dallas (TX); On-site; USD 90,000 - 100,000; Full time

Benefits offered by this job

Pay transparency

Benefits

Job summary

Bank of America in Dallas is seeking a credit risk professional to analyze client credit worthiness, assess risk, and draft credit approvals for renewals and new lending opportunities.

You will review financial statements, projections, covenants, and collateral, build forecast models, and collaborate with teams to ensure timely underwriting and compliant transactions.

Qualifications

• Must possess commercial credit analysis, financial modeling and underwriting experience.
• Experience with traded products and underwriting processes.
• Proficient Excel, Word and PowerPoint skills.

Responsibilities

• Analyzes client's financial performance against past results and industry standards.
• Reviews financial statements, covenants compliance, and risk ratings renewal.
• Assists in underwriting, credit risk analysis, negotiation and closing of transactions.
• Evaluates risk-adjusted profitability to allocate capital.
• Builds projection models based on historical data and forecasts.
• Trains and mentors credit analysts and collaborates with the team.
• Manages credit coverage for Banks, Broker Dealers and Exchange Companies.
• Oversees end-to-end credit approval process and workflow for timely deliverables.

Skills

Analytical Thinking

Financial Analysis

Financial Forecasting

Profitability Analysis

Research Analysis

Attention to Detail

Business Acumen

Credit and Risk Assessment

Underwriting

Written Communications

Collaboration

Critical Thinking

Portfolio Analysis

Prioritization

Technical Documentation

Microsoft Excel

PowerPoint

Microsoft Word

Education

Bachelor’s degree in finance, accounting or another related field

Formal credit training or related certifications

Tools

Excel

PowerPoint

Microsoft Word

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description: This job is responsible for analyzing and interpreting a client's credit worthiness, evaluating credit risks, and writing credit approval memos for annual renewals and new lending opportunities.

Key responsibilities include analyzing qualitative and quantitative data such as client's financials, projections, industry data, covenant compliance, and collateral appraisals to ensure compliance with the bank's risk appetite.

Job expectations include completing regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of new transactions.

Team member is responsible for analyzing and assessing a client's credit worthiness, evaluating credit exposure, and writing credit approval memos for annual renewals and new opportunities. Key responsibilities include analyzing qualitative and quantitative information such as client's financials, projections, industry data, covenant compliance, and collateral appraisals to ensure compliance with the Bank's risk appetite. Job expectations include completing timely, regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of transactions and facilities.

Performs credit analysis in support of the origination, underwriting and portfolio management process for U.S./CAN Banks and Brokers clients within GCIB. Product focus primarily geared toward traded products and syndicated and bilateral revolving credit. Additional exposure to Treasury/Cash Management and Leases. Active portfolio with tight turnaround times.

Responsibilities:

• Analyzes client's financial performance by comparing it to past performance, projections, and industry standards
• Reviews financial statements, assesses the client's compliance with financial covenants, and renews risk ratings, while recommending changes as warranted
• Assists in the underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures
• Evaluates transaction and relationship risk-adjusted profitability to facilitate the allocation of capital
• Builds projection models for the client (as needed) based on historical performance, industry forecasts, and other due diligence findings
• Trains, coaches, and mentors credit analysts, and collaborate with team members
• Credit coverage of Banks, Broker Dealers, and Exchange Companies clients
• Manage the end-to-end credit approval process by managing analysts and the portfolio monitoring team-work flow to ensure quality of work and timeline management of deliverables

Required Qualifications:

• 1+ years commercial and/or corporate banking credit experience
• Experience in underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures
• Must have commercial credit analysis, financial modeling, traded products and underwriting experience
• Must have proficient Excel, Microsoft Word and Power Point skills

Desired Qualifications:

• Bachelor’s degree in finance, accounting or another related field
• Formal credit training or related certifications
• Strong foundation in finance and accounting with experience building three statement and/or cash flow financial models

Skills:

• Analytical Thinking
• Financial Analysis
• Financial Forecasting and Modeling
• Profitability Analysis
• Research Analysis
• Attention to Detail
• Business Acumen
• Credit and Risk Assessment
• Underwriting
• Written Communications
• Collaboration
• Critical Thinking
• Portfolio Analysis
• Prioritization
• Technical Documentation

Shift: 1st shift (United States of America)

Hours Per Week: 40

Pay Transparency details US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range $90,000.00 - $100,000.00 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 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.

Privacy Statement: https://careers.bankofamerica.com/en-us/privacy-notice

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve.

Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates.

Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success.

Our Values Learn about our four values that represent what we believe.

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