Senior Municipal Credit Underwriter

52-2185192 Banc of America Leasing & Capital, LLC; New York (NY); On-site; USD 87,000 - 200,000; Full time

Benefits offered by this job

Competitive benefits

Discretionary bonus eligibility

Paid time off

Job summary

Bank of America Corporation is seeking an experienced credit underwriting professional to support lending for US State and Local governmental entities, including public higher education. You will independently manage low-complexity transactions, analyze financial statements, and draft credit analyses while coaching teammates.

Expected to partner with client-facing teams to tailor credit solutions, monitor risk, and maintain rigorous due diligence.

Qualifications

• 5+ years of experience in commercial banking, finance or credit ratings industries with significant municipal/public finance credit experience
• Experience in the analysis and structuring of complex transactions
• Strong credit and risk analysis skills

Responsibilities

• Leads the credit analysis process with the support of other analysts and associates.
• Partners with Credit Officers, Relationship Management, and Risk teammates to understand structuring needs and requirements.
• Monitors operating performance and financial condition, proactively identifying issues and opportunities.
• Assists in delivery of 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.
• May have primary coverage responsibility for a portfolio of clients with limited complexity and credit approval for certain credit actions.
• Participate in loan structuring conversations and completion of loan documentation with internal/external legal partners.
• Builds projection models for the client (as needed) based on historical performance, industry forecasts, and other due diligence findings.
• Pre-screen new transactions for existing and new clients to determine credit worthiness and appropriate credit product solutions.
• Analyzing US State and Local governmental entities’ financial statements.
• Responsible for underwriting credit approval memoranda for mandated transactions, incorporating thorough credit analysis and due diligence.
• Participates in ongoing documentation negotiations as required.

Skills

Attention to Detail

Credit and Risk Assessment

Financial Analysis

Underwriting

Written Communications

Analytical Thinking

Credit Documentation

Financial Forecasting

Collaboration

Loan Structuring

Prioritization

Education

Undergraduate degree in finance, accounting or related field

Job description

Bank of America Corporation is seeking an experienced credit underwriting professional to support lending for US State and Local governmental entities, including public higher education. You will independently manage low-complexity transactions, analyze financial statements, and draft credit analyses while coaching teammates.

Expected to partner with client-facing teams to tailor credit solutions, monitor risk, and maintain rigorous due diligence.