Senior Credit Underwriter - Corporate Lending & Risk

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

Benefits offered by this job

Benefits eligible

In-office culture

Job summary

Bank of America is seeking a seasoned Credit Underwriter in Providence, RI to assess credit risk, analyze borrowers, and prepare recommended loan structures for moderately complex to complex transactions. You will collaborate with global bank partners, review financials, and ensure adherence to policies while delivering integrated credit solutions to large corporate clients.

The role can be filled as a Senior Credit Underwriter or Credit Underwriter II, requiring strong analysis, documentation,

Qualifications

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

Skills

Credit risk assessment

Financial analysis

Underwriting

Written communications

Analytical thinking

Collaboration

Loan structuring

Attention to detail

Education

High School Diploma / GED

BA/BS in Finance

MBA/CFA preferred

Tools

Microsoft Office

Job description

Bank of America is seeking a seasoned Credit Underwriter in Providence, RI to assess credit risk, analyze borrowers, and prepare recommended loan structures for moderately complex to complex transactions. You will collaborate with global bank partners, review financials, and ensure adherence to policies while delivering integrated credit solutions to large corporate clients.

The role can be filled as a Senior Credit Underwriter or Credit Underwriter II, requiring strong analysis, documentation,