Senior Credit Underwriter, Custom Lending & Wealth

International Association of Insurance Professionals (IAIP); Chicago, Northern (IL, KY); Hybrid; USD 117,000 - 175,000; Full time

Benefits offered by this job

Discretionary bonus

Benefits package

Job summary

Bank of America in Chicago is seeking a Senior Credit Underwriter to perform risk assessment, financial analysis, and loan structure recommendations for ultra‑high‑net‑worth clients. You will document credit analyses, evaluate borrower information, and monitor portfolio performance within GWIM underwriting standards.

The role partners with Credit Advisors to grow custom lending relationships while ensuring policy adherence and responsible growth.

Qualifications

• Strong financial analysis, accounting skills, and deal structuring for borrowers with complex balance sheets and income streams.
• 10+ years of commercial and/or private wealth management credit experience.
• Strong negotiation and communication skills.
• Proficiency in Word, Excel and PowerPoint.
• Excellent interpersonal skills and the ability to build business partnerships with risk, services and client teams who may not be co‑located.

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.
• Complete Credit Approval Memos (CAMs) and modifications to secure credit approval for complex, custom loan products.
• Synthesize comprehensive financial information to assess liquidity, leverage, cash flow, key risks/mitigants, and legal structures.
• Distill complex issues to their core components and document findings clearly, concisely, and accurately.
• Apply established policies, procedures, and underwriting practices, including financial spreading, risk rating, and required approvals.
• Provide lending guidance, structural recommendations, and policy expertise during upfront deal discussions with partners.
• Review, negotiate, and refine loan structures and covenants during the documentation process.
• Proactively manage deal pipeline and ensure timely progression of new and existing transactions.
• Oversee day‑to‑day management of assigned loan portfolio, ensuring timely and accurate execution of collateral releases, SER preparation, renewals, covenant resolution, risk‑rating updates, loan modifications/waivers, and past‑due remediation.
• Identify opportunities to streamline workflows and recommend process improvements.
• Mentor and develop Credit Underwriters, supporting skill growth and consistent underwriting quality

Skills

Financial analysis

Deal structuring

Negotiation

Communication

MS Office

Education

High School Diploma

Bachelor's degree preferred

Tools

MS Office

Job description

Bank of America in Chicago is seeking a Senior Credit Underwriter to perform risk assessment, financial analysis, and loan structure recommendations for ultra‑high‑net‑worth clients. You will document credit analyses, evaluate borrower information, and monitor portfolio performance within GWIM underwriting standards.

The role partners with Credit Advisors to grow custom lending relationships while ensuring policy adherence and responsible growth.