GCIB -CREDIT ANALYST II/CREDIT UNDERWRITER I

Bank of America; San Francisco (CA); On-site; USD 90,000 - 115,000; Full time

Job summary

Bank of America in San Francisco seeks an experienced credit analyst to analyze client creditworthiness, evaluate risks, and write approval memos for renewals and new lending opportunities.

You will review financials, covenants, industry data, and collateral, ensuring alignment with the bank's risk appetite while supporting underwriting and monitoring teams across transactions.

Qualifications

• 3 years commercial and/or corporate banking credit to include financial analysis 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.
• Strong communication (verbal and written).
• Must be a Team player.
• 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.
• Familiarity with financial models (3 statement discounted cash flow projections).

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.

Skills

Analytical Thinking

Financial Analysis

Financial Forecasting

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

Education

Bachelor's degree in finance or accounting

High School Diploma or equivalent

Tools

Excel

Microsoft Word

PowerPoint

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.

This job is responsible for supporting credit underwriting and monitoring for new and existing clients in partnership with a credit team. Key responsibilities include completing and reviewing credit analysis, evaluating risks, reviewing work by less experienced teammates, and writing financial analysis for approval or monitoring. Job expectations include leading the process, ensuring timely and accurate analysis, and coaching teammates on credit requirements.

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.

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

• 3 years commercial and/or corporate banking credit to include financial analysis 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
• Strong communication (verbal and written)
• Must be a Team player

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.
• Familiarity with financial models (3 statement discounted cash flow projections)

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

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift: 1st shift (United States of America)

Hours Per Week: 40

Pay Transparency details

US - CA - San Francisco - 555 California St - Bofa Center - 555 California (CA5705), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$90,000.00 - $115,000.00 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.