Senior Commercial Credit Underwriter — Complex Transactions

NACBA; Chicago (IL); On-site; USD 87,000 - 200,000; Full time

Benefits offered by this job

Benefits eligible

Job summary

Bank of America is seeking a Senior Credit Underwriter or Credit Underwriter II to perform risk assessment and repayment capacity analysis for complex transactions with limited oversight. You will document credit analysis, assess historic and projected financial data, and prepare Credit Approval Memorandums for integrated solutions to large corporate clients.

The role involves collaboration with Global Corporate Bank teams, loan structuring, and ensuring adherence to policies and regulatory

Qualifications

• Minimum 5+ yrs Leasing, Equipment Finance or Commercial Credit Experience.
• Proficient credit and risk analysis skills.
• Proficient presentation, structuring and financial statement analysis skills.
• Proficient Microsoft Office skills.
• Proficient business writing skills.

Responsibilities

• Evaluates credit worthiness 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.
• Evaluates new end-user credit opportunities including identification and assessment of risks and identifies mitigating factors.
• Partners with client-facing teammates to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client.
• Underwrites new transactions, analyzes credit risk, negotiates and closes deals, while adhering to internal policy, procedures and regulatory requirements.
• Structures the terms of a lease/loan with respect to the various aspects that make up a lease/loan (e.g. pricing, rates, payment, term, collateral).
• Manages the credit process for a portfolio of clients including reviewing financial statements, assessing the client's compliance with financial covenants, confirming the accuracy of risk ratings, and recommending changes as warranted.
• Position supports Dealer Financial Services.

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

BA/BS Degree in Finance or related major

MBA/CFA preferred

Job description

Bank of America is seeking a Senior Credit Underwriter or Credit Underwriter II to perform risk assessment and repayment capacity analysis for complex transactions with limited oversight. You will document credit analysis, assess historic and projected financial data, and prepare Credit Approval Memorandums for integrated solutions to large corporate clients.

The role involves collaboration with Global Corporate Bank teams, loan structuring, and ensuring adherence to policies and regulatory