Senior Asset-Based Credit Underwriter

Internationalinsuranceprofessionals; Chicago, Northern (IL, KY); Hybrid; USD 110,000 - 200,000; Full time

Benefits offered by this job

Benefits package

Annual discretionary incentive plan

Job summary

Bank of America is seeking a Senior Credit Underwriter to evaluate financing opportunities for Bank of America Business Capital (BABC). The role combines credit analysis, underwriting, and documentation in a fast-paced, client-facing environment.

You will lead complex transactions, partner with relationship managers and risk teams, and coach junior staff while ensuring compliance with policy and regulatory requirements.

Qualifications

• 5+ years' experience credit, underwriting, and structuring of corporate lending transactions.
• An experienced credit professional capable of independent activity on complex and sensitive credit transactions.
• BA/BS Degree with concentration in Finance, Accounting or related

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
• Works in a team setting with business development officers, relationship managers and/or product specialists and are responsible to develop, structure, analyze, covenant, document, fund and close ABL transactions.
• Interfaces directly with clients and prospects, financial sponsors and/or financial intermediaries (including outside accountants, legal counsel, appraisers, field examiners, etc.).
• Must gain a full understanding of Bank of America credit policies and procedures in order to identify and resolve issues during the underwriting, documentation and closing processes.
• Evaluates creditworthiness and provides analysis and decisioning on whether a client should receive a credit facility
• Partners with Credit Officers, Relationship Management, and Risk teammates to assess and deliver credit solutions
• Monitors the client's operating performance and financial condition, proactively identifying issues and opportunities
• Delivers financial modeling, loan structure, industry, economic, and other analysis to team members to support the loan decision-making process
• Ensures adherence to credit policies, guidelines, procedures, and applicable regulatory requirements
• Analyzing new prospects for credit quality and ABL potential, including financial and projections
• Evaluate collateral from a broad spectrum of industries for suitability for asset-based facilities
• Assist in negotiation of term sheets and credit agreements with prospective clients
• Prepare internal documentation to evaluate new opportunities to include pre-screens and final approval documentation.
• Work closely with risk management on approvals; present borrower and structure to risk committee in order to secure deal approval
• Work with outside counsel and other third parties, including appraisers and field examiners, to document and close transactions

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

Education

High School Diploma / GED / Secondary School or equivalent

Job description

Bank of America is seeking a Senior Credit Underwriter to evaluate financing opportunities for Bank of America Business Capital (BABC). The role combines credit analysis, underwriting, and documentation in a fast-paced, client-facing environment.

You will lead complex transactions, partner with relationship managers and risk teams, and coach junior staff while ensuring compliance with policy and regulatory requirements.