Public Finance Credit Underwriter II

Bank of America Corporation; Providence (RI); On-site; USD 87,000 - 200,000; Full time

Benefits offered by this job

Benefits eligible

Job summary

Bank of America Corporation in Providence, RI, is seeking an experienced Senior Credit Underwriter to support credit underwriting and monitoring for public sector clients. You will independently manage low-complexity transactions or portfolios, review financial analyses, and coach teammates on credit requirements.

The role emphasizes delivering integrated credit solutions to US State and Local entities, including higher education, while collaborating with client-facing teams to surface sales

Qualifications

• 5+ years of experience in commercial banking, finance or credit ratings industries with municipal/public finance credit experience.
• Experience in the analysis and structuring of complex transactions.
• Strong credit and risk analysis skills.
• Strong presentation, structuring and financial statement analysis skills.
• Proven ability to analyze, interpret and negotiate third party documentation.

Responsibilities

• Leads the credit analysis process with the support of other analysts and associates.
• Partners with Credit Officers, Relationship Management, and Risk teammates to understand structuring needs and requirements.
• Monitors operating performance and financial condition, proactively identifying issues and opportunities.
• Assists in delivery of 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.
• May have primary coverage responsibility for a portfolio of clients with limited complexity and credit approval for certain credit actions.
• Participate in loan structuring conversations and completion of loan documentation with internal/external legal partners.
• Builds projection models for the client based on historical performance, industry forecasts, and other due diligence findings.
• Pre-screen new transactions for existing and new clients to determine credit worthiness and appropriate credit product solutions.
• Analyzing US State and Local governmental entities' financial statements.
• Responsible for underwriting credit approval memoranda for mandated transactions, incorporating thorough credit analysis and due diligence.
• Participates in ongoing documentation negotiations as required.

Skills

Credit analysis

Financial analysis

Underwriting

Risk assessment

Written communications

Collaboration

Education

Bachelor's degree in finance or accounting

Tools

Microsoft Office

Job description

Bank of America Corporation in Providence, RI, is seeking an experienced Senior Credit Underwriter to support credit underwriting and monitoring for public sector clients. You will independently manage low-complexity transactions or portfolios, review financial analyses, and coach teammates on credit requirements.

The role emphasizes delivering integrated credit solutions to US State and Local entities, including higher education, while collaborating with client-facing teams to surface sales