Senior Credit Underwriter - Asset Based Lending

Bank of America Corporation

Los Angeles (CA)

On-site

USD 120,000 - 180,000

Full time

5 days ago

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Job summary

Bank of America in the United States seeks a Senior Credit Underwriter for Bank of America Business Capital to evaluate financing opportunities, underwrite credit exposure, and negotiate loan documentation for new customers. You will manage client portfolios, deliver financial analyses, and mentor teammates while ensuring compliance with policies and regulatory requirements.

The role emphasizes collaboration with Relationship Management, Risk, and legal partners to structure, document, and close

Qualifications

5+ years' experience credit underwriting and structuring corporate lending transactions.
Independent activity on complex and sensitive credit transactions.
Strong knowledge of legal documentation (commitment papers, term sheets, credit agreements, intercreditor agreements).
Ability to collaborate with internal and external clients.

Responsibilities

Manage a client portfolio supporting underwriting and monitoring with limited to moderate complexity.
Deliver financial modeling, loan structuring, and market/industry analyses to support loan decisions.
Coach juniors and ensure compliance with laws and policy procedures.
Lead loan structure conversations and complete loan documentation with internal/external counsel.
Interface with clients, sponsors, and financial intermediaries to evaluate opportunities.
Monitor client performance and proactively identify issues and opportunities.
Ensure adherence to credit policies and regulatory requirements.
Work with risk management for approvals and present to risk committees.

Skills

Attention to Detail

Credit and Risk Assessment

Financial Analysis

Underwriting

Written Communications

Analytical Thinking

Credit Documentation

Financial Forecasting

Collaboration

Loan Structuring

Prioritization

Education

High School Diploma / GED

BA/BS Degree in Finance or Accounting

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

This job is responsible for supporting credit underwriting and monitoring for new and existing clients in partnership with a credit team. Key responsibilities include independently managing transactions or portfolios of limited to moderate complexity, completing and reviewing credit analysis, evaluating risks, and writing financial analysis. Job expectations include leading the process, ensuring timely and accurate analysis, and coaching teammates on credit requirements.

The Senior Credit Underwriter is primarily responsible for evaluating financing opportunities, underwriting credit exposure and negotiating loan documentation for new customers of Bank of America Business Capital (BABC).

BABC, part of Bank of America’s Enterprise Credit division, provides ABL loans in a variety of industries including manufacturers, distributors, service companies, etc. BABC’s ABL credit facilities range from $5 million to over $2 billion in size and are collateralized primarily by accounts receivable and inventory.

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

Required 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.
Easily navigates multiple client and support organizations; able to engage and gather resources through various business partners to achieve successful outcomes.

Desired Qualifications

10+ years of asset-based experience
Familiarity with asset-based lending across broad industries, including specific sector risks and nuances
Completion of formal credit training
BA/BS Degree with concentration in Finance, Accounting or related
Demonstrates sound judgment and acts with speed - able to achieve results quickly

Skills