Senior Asset-Based Credit Underwriter

Sacbar; Newport Beach (CA); On-site; USD 110,000 - 200,000; Full time

Benefits offered by this job

Discretionary incentive eligible

Benefits

Job summary

Bank of America’s Senior Credit Underwriter role in Newport Beach focuses on evaluating financing opportunities, underwriting credit exposure, and negotiating loan documentation for new customers within Bank of America Business Capital (BABC). You will manage client portfolios, lead structuring conversations, and partner with Risk and Relationship Management to deliver sound credit solutions.

This position demands strong analytical skills, a deep understanding of credit policy, and the ability

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.
• Deep knowledge of and ability to work with Legal Documentation (commitment papers, term sheets, credit agreements, intercreditor agreements, etc.)
• Able to establish and maintain collaborative partnerships with both internal and external clients
• Demonstrates strong team-minded behavior; works constructively to create win-win solutions that build trust
• Demonstrates deep and broad business acumen with strong credit and technical skills.

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

Credit underwriting

Financial modeling

Loan structuring

Risk assessment

Written communications

Team collaboration

Education

BA/BS in Finance or Accounting

High School Diploma / GED

Job description

Bank of America’s Senior Credit Underwriter role in Newport Beach focuses on evaluating financing opportunities, underwriting credit exposure, and negotiating loan documentation for new customers within Bank of America Business Capital (BABC). You will manage client portfolios, lead structuring conversations, and partner with Risk and Relationship Management to deliver sound credit solutions.

This position demands strong analytical skills, a deep understanding of credit policy, and the ability