Standard Channel Underwriter I,II and Senior

Bank of America; Phoenix (AZ); On-site; USD 72,000 - 150,000; Full time

Benefits offered by this job

Discretionary incentive

Benefits eligible

Job summary

Bank of America in Chicago is seeking a seasoned underwriting professional to support underwriting and monitoring in a high-volume national workflow. You will collaborate with Relationship Managers and Solutions Advisors to define structuring requirements and deliver comprehensive financial modeling and analyses to assist loan decisions.

The role emphasizes strong analytical skills, cross-functional communication, and industry knowledge across sectors.

Qualifications

• 2+ years of solid Commercial Banking experience.
• Experience in financial analysis, structuring, and underwriting.
• Analytical/technical skills, including financial accounting, modeling and loan structuring.
• Strong communication skills; ability to communicate vertically, horizontally, and externally.
• Industry knowledge across multiple sectors.

Responsibilities

• Supports underwriting and monitoring in a high-volume national workflow queue.
• Independently works with Relationship Managers and Solutions Advisors to understand structuring needs.
• Delivers financial modeling, loan structure, industry, economic, and other analyses to team members to support the loan decision-making process.
• Underwriters have single signature authority for certain credit transactions.

Skills

Attention to Detail

Credit and Risk Assessment

Financial Analysis

Underwriting

Written Communications

Analytical Thinking

Financial Modeling

Recording/Organizing Information

Business Acumen

Collaboration

Collateral Management

Loan Structuring

Prioritization

Education

High School Diploma or GED

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!

Responsibilities

• Supports both underwriting and monitoring in a high-volume national workflow queue


• Independently works with Relationship Managers and Solutions Advisors to understand structuring needs and requirements


• Delivers financial modeling, loan structure, industry, economic, and other analyses to team members to support the loan decision-making process


• Underwriters have single signature authority for certain credit transactions

Skills

• Attention to Detail


• Credit and Risk Assessment


• Financial Analysis


• Underwriting


• Written Communications


• Analytical Thinking


• Financial Modeling


• Recording/Organizing Information


• Business Acumen


• Collaboration


• Collateral Management


• Loan Structuring


• Prioritization

Required Qualifications

• 2+ years of solid Commercial Banking experience


• Experience in financial analysis, structuring, and underwriting


• Analytical/technical skills, including financial accounting, modeling and loan structuring


• Strong communication skills; ability to communicate vertically, horizontally, and externally


• Industry knowledge across multiple sectors

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)

Pay range $72,000.00 - $150,000.00 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.

Privacy Statement: https://careers.bankofamerica.com/en-us/privacy-notice

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference.

Join us!

Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve.

Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates.

Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success.

Our Values Learn about our four values that represent what we believe.

Pay Transparency: https://careers.bankofamerica.com/en-us/pay-transparency