Senior Credit Underwriter, Asset-Based Lending

Bank of America; Seattle (WA); On-site; USD 120,000 - 190,000; Full time

Job summary

Bank of America is seeking an experienced Senior Credit Underwriter to support credit underwriting and monitoring for new and existing clients in partnership with a credit team. The role involves independently managing transactions of moderate complexity, performing financial analysis, and negotiating loan documentation for Bank of America Business Capital.

Responsibilities include leading loan structuring conversations, coaching teammates, and ensuring compliance with policies.

Qualifications

• 5+ years’ experience in credit, underwriting, and structuring of corporate lending transactions.
• 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.)

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.
• Must gain a full understanding of Bank of America credit policies and procedures to identify and resolve issues during 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

Collaboration

Loan Structuring

Prioritization

Business Acumen

Education

High School Diploma / GED / Secondary School or equivalent

BA/BS Degree in Finance, Accounting or related

Job description

Bank of America is seeking an experienced Senior Credit Underwriter to support credit underwriting and monitoring for new and existing clients in partnership with a credit team. The role involves independently managing transactions of moderate complexity, performing financial analysis, and negotiating loan documentation for Bank of America Business Capital.

Responsibilities include leading loan structuring conversations, coaching teammates, and ensuring compliance with policies.