Sr Credit Underwriter/Underwriter II-Global Leasing/Large Corporates

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

Benefits offered by this job

Benefits eligible

Discretionary incentive plan

Job summary

Bank of America in Chicago seeks a Senior Credit Underwriter or Credit Underwriter II to assess credit risk, analyze borrower financials, and structure integrated credit solutions for large corporate clients. You will partner with Credit Officers and Relationship Managers to support loan decisions and ensure policy adherence.

The role requires strong analytical and communication skills, along with experience in leasing or equipment finance, and a track record of delivering robust credit

Qualifications

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

Responsibilities

• Evaluates credit worthiness and provides analysis and decisioning on credit facilities.
• Partners with Credit Officers, Relationship Management, and Risk teammates to deliver credit solutions.
• Monitors client operating performance and financial condition, identifying issues and opportunities.
• Delivers financial modeling, loan structure, industry, and economic analysis to support loan decisions.
• Ensures adherence to credit policies, guidelines, procedures, and regulatory requirements.
• Evaluates new end-user credit opportunities and risk factors.
• Partners with client-facing teammates to consult on sales opportunities.
• Underwrites new transactions, analyzes credit risk, negotiates and closes deals.
• Structures terms of leases/loans (pricing, rates, term, collateral).
• Manages credit process for a portfolio of clients, reviews financial statements, and adjusts risk ratings.

Skills

Credit risk analysis

Financial statement analysis

Underwriting

Presentation skills

Microsoft Office

Business writing

Education

Bachelor's in Finance or related

MBA/CFA preferred

High School Diploma / GED / equivalent

Job description

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This job is responsible for performing risk assessment and repayment capacity analysis (i.e., financial, borrower, industry, etc.) and preparing transaction justification for moderately complex/complex transactions with limited oversight. Key responsibilities include documenting credit analysis, independently assessing historic and projected borrower financial information, evaluating adherence to policy and procedure, providing loan structure analysis and recommendations, monitoring portfolio performance and writing Credit Approval Memorandums. Responsible for delivery of integrated credit solutions to large corporate clients. Partner closely with client-facing teammates in the Global Corporate Bank to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client along with prescreening new opportunities with senior management.

This position can be filled as a Sr. Credit Underwriter or Credit Underwriter II

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

Required 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.

Desired Qualifications:

• BA/BS Degree in Finance or related major
• MBA/CFA preferred
• In-depth Leasing/Equipment finance experience

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

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift: 1st shift (United States of America)

Hours Per Week: 40

Pay Transparency details

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - MA - Boston - 100 Federal St - 100 Federal St Lp (MA5100), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100), US - RI - Providence - 1 Financial Plz - 1 Financial Plaza (RI1537)

Pay and benefits information

Pay range

$110,000.00 - $200,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.