Senior Credit Underwriter, Middle Market Banking

Bank of America; Newport Beach (CA); On-site; USD 108,000 - 188,000; Full time

Job summary

Bank of America in Newport Beach, CA is seeking an Underwriter on the Global Commercial Banking credit team. You will underwrite loans and related credit exposure for a portfolio of middle market companies across a broad range of industries with revenues from $50 million to $2 billion in the Newport Beach/Southern California Market.

You will work closely with Relationship Management, Risk, Debt Capital Markets, Investment Banking and other product teams to analyze lending opportunities,

Qualifications

• BA/BS degree required.
• 3 to 10 years based on targeted seniority level of Commercial Banking underwriting experience.
• Proficiency in accounting principles, financial statement analysis and financial modeling.
• Strong foundation in credit analysis, including evaluation of business risk, industry trends and capital structures.
• Understanding of credit documentation, including term sheets, credit agreements and ancillary agreements (e.g. security, guarantee and intercreditor agreements).
• Strong written and verbal communication skills.
• Excellent attention to detail and commitment to accuracy.
• Ability to work in a fast paced, deadline driven environment.
• Ability to juggle and prioritize multiple transactions and responsibilities at a time.

Responsibilities

• Partner with credit teammates, relationship management and product teams to develop strategic debt financing solutions
• Employ credit and accounting knowledge to structure bilateral and syndicated loans aligned with client needs and bank risk parameters
• Analyze ancillary credit exposure for treasury, rates and foreign exchange products
• Perform due diligence and dynamic risk assessments of borrowers, industries and transactions
• Create credit approval packages and own the credit approval process from initiation through final decision
• Construct detailed financial cash flow and repayment models, including sensitivity analyses
• Complete enterprise value (discounted cash flow), pricing, returns and risk rating models
• Ensure adherence to regulatory and internal policies and procedures
• Exercise approval authority for certain credit actions
• Present well‑supported opportunities to credit and risk leadership
• Partner with internal and external legal partners to produce loan documentation
• Oversee quarterly monitoring exercises and requirements, including covenant compliance

Skills

Loan Underwriting

Financial Statement Analysis

Financial Forecasting and Modeling

Credit and Risk Assessment

Capital Structuring

Credit Documentation

Multitasking and Prioritization

Attention to Detail

Education

BA/BS degree

Job description

Bank of America in Newport Beach, CA is seeking an Underwriter on the Global Commercial Banking credit team. You will underwrite loans and related credit exposure for a portfolio of middle market companies across a broad range of industries with revenues from $50 million to $2 billion in the Newport Beach/Southern California Market.

You will work closely with Relationship Management, Risk, Debt Capital Markets, Investment Banking and other product teams to analyze lending opportunities,