Associate - Credit Portfolio & Regulatory Reporting

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:

The Associate will support the bank's regulatory obligations related to reserve calculation, with a primary focus on the accurate spreading and analysis of financial statements in line with applicable regulatory guidance and internal standards.

This role requires solid accounting knowledge and strong analytical discipline, as financial statement spreading is a key input into the reserve calculation process. The individual will also assist with portfolio monitoring, validation of financial information, reporting support, and control execution to help ensure accuracy, consistency, and timeliness in reserve-related processes.

Responsibilities:

• Spread financial statements accurately and in accordance with regulatory guidance and internal methodologies.
• Support reserve calculation processes through the analysis, validation, and maintenance of financial information.
• Assist in monitoring the portfolio for financial deterioration, relevant borrower developments, and other factors that may affect reserve assessment.
• Support reserve-related reporting, portfolio reviews, and materials for internal forums.
• Help execute and strengthen controls across spreading, reserve calculation, and monitoring processes.
• Escalate inconsistencies, data-quality issues, or process gaps in a timely manner.
• Partner with internal stakeholders to ensure the completeness and integrity of information used in reserve-related processes.

• 3-4 years of experience in accounting, finance, credit, banking, regulatory reporting, or related fields.
• Strong accounting and financial statement analysis skills.
• Experience with financial statement spreading.
• Advanced Excel skills.
• Strong analytical skills, attention to detail, and sound professional judgment.
• Effective communication skills and ability to work across teams.
• Experience in reserve, regulatory, or portfolio monitoring activities is a plus.

• Attention to Detail
• Financial Analysis
• Underwriting
• Written Communications
• Analytical Thinking
• Credit Documentation Requirements
• Credit and Risk Assessment
• Financial Forecasting and Modeling
• Recording/Organizing Information
• Business Acumen
• Collaboration
• Collateral Management
• Loan Structuring
• Prioritization