Senior SBA Credit Underwriter II - Business Banking

Internationalinsuranceprofessionals; Chicago (IL); On-site; USD 92,000 - 150,000; Full time

Benefits offered by this job

Benefits eligible

Job summary

Bank of America is seeking a Specialty Channel Underwriter in Chicago to underwrite SBA credit requests and manage risk for small business clients. The role requires deep analysis of financials, credit documentation, and collaboration with Relationship Managers and risk teams.

The ideal candidate has 5+ years in commercial underwriting, SBA experience preferred, and a strong background in high-volume environments. 40-hour weeks on-site, with a comprehensive benefits package.

Qualifications

• 5+ years of commercial underwriting and credit analysis in related fields.
• 2+ years SBA lending experience preferred.
• Formal commercial credit training or equivalent experience.
• Industry knowledge across multiple sectors.
• Experience in high-volume production environments.
• Strong teamwork in the commercial market space.
• Strong communication skills across roles.

Responsibilities

• Analyze, underwrite, and approve credit solutions for existing and new clients; approve SBA requests in accordance with applicable credit approval grid
• Conduct credit analysis including financial spreads, risk rating scorecards, industry assessment, business and personal cash flow; complete Credit Approval documentation
• Evaluate credit worthiness and provide analysis and decisioning on whether a client should be approved for an SBA credit facility
• Ensure underwriting complies with Bank credit policy and procedures and Small Business Administration SOP
• Partner with Relationship Managers, Solution Advisors, Commercial Business Development Officers and Risk teammates to assess and deliver SBA credit solutions
• Ensure data quality of credit related client and deal information
• Mentor and assist junior team members as applicable

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

Bachelor's degree in business, finance, accounting or economics

High School Diploma / GED / Secondary School or equivalent

Job description

Bank of America is seeking a Specialty Channel Underwriter in Chicago to underwrite SBA credit requests and manage risk for small business clients. The role requires deep analysis of financials, credit documentation, and collaboration with Relationship Managers and risk teams.

The ideal candidate has 5+ years in commercial underwriting, SBA experience preferred, and a strong background in high-volume environments. 40-hour weeks on-site, with a comprehensive benefits package.