Senior Credit Underwriter – Asset-Based Lending Leader

Bank of America; Portland (OR); On-site; USD 110,000 - 200,000; Full time

Benefits offered by this job

Discretionary incentive eligible

Benefits eligible

Job summary

Bank of America is seeking a Senior Credit Underwriter in the United States to support underwriting and monitoring for new and existing clients. You will lead transaction teams, deliver financial modeling, and coach junior staff within Bank of America Business Capital (BABC), handling $5M to over $2B facilities secured by receivables and inventory.

Responsibilities include managing a portfolio, collaborating with Relationship Management, and ensuring adherence to credit policies while evaluating

Qualifications

• 5+ years' experience 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.)
• 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.

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 in the United States to support underwriting and monitoring for new and existing clients. You will lead transaction teams, deliver financial modeling, and coach junior staff within Bank of America Business Capital (BABC), handling $5M to over $2B facilities secured by receivables and inventory.

Responsibilities include managing a portfolio, collaborating with Relationship Management, and ensuring adherence to credit policies while evaluating