Strategic Commercial Credit Underwriter II

Bank of America; Newark (DE); On-site; USD 85,000 - 110,000; Full time

Job summary

Bank of America is seeking a Credit Underwriter to structure both straightforward and complex credit transactions for Merchant Services clients. The role emphasizes independent judgment, adherence to credit policies, and collaboration with cross-functional partners.

Responsibilities include conducting financial analysis, supporting relationship managers, and leveraging Moody's Credit Lens for financial insights.

Qualifications

• Extensive experience in commercial underwriting and credit risk analysis.
• Proficient in risk rating scorecards and credit policy adherence.
• Strong communication and analytical skills; proficient in financial modeling and loan structuring.

Responsibilities

• Performs underwriting and the structuring of more complex credit transactions.
• Researches and delivers financial, industry, economic, and other analysis to recommend and approve merchant exposure for the client.
• Negotiates relationships and approves merchant exposure, while ensuring adherence to credit policies, guidelines, and applicable regulatory requirements.
• Provides ongoing coaching and support to Sales partners and other Credit Products team members to help build and develop their credit acumen.
• Negotiates with the client team on credit terms, performing full underwriting analysis, and preparing deal justification.
• Performs financial, economic, industry, and other analysis of clients and prospects.
• Designs and executes credit solutions, and actively manages asset quality.
• Collaborates with RM, GMS, TSO, Enterprise Credit, SAG, and other product partners to assess client needs and deliver integrated solutions.
• Provides credit underwriting and deal structure support, analysis, and decision recommendations for complex path credit transactions.
• Serves as Credit approver with Risk management based on credit approval grid and drives internal credit approvals.
• Structures and negotiates client merchant services contracts.
• Takes on customer-facing responsibilities in obtaining background and financial information and negotiating relationships.
• Spreads financial statements in Moody's Credit Lens.
• Reviews and prepares Risk Rating scorecards.

Skills

Credit Documentation Requirements

Credit and Risk Assessment

Customer and Client Focus

Financial Analysis

Underwriting

Attention to Detail

Business Acumen

Collateral Management

Decision Making

Recording/Organizing Information

Collaboration

Oral Communications

Policies, Procedures, and Guidelines

Prioritization

Written Communications

Education

High School Diploma / GED / Secondary School or equivalent

BS/BA degree preferred or equivalent experience

Job description

Bank of America is seeking a Credit Underwriter to structure both straightforward and complex credit transactions for Merchant Services clients. The role emphasizes independent judgment, adherence to credit policies, and collaboration with cross-functional partners.

Responsibilities include conducting financial analysis, supporting relationship managers, and leveraging Moody's Credit Lens for financial insights.