Credit Underwriter I/II - Portfolio Management/Asset Based Finance
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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
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Job Description:
This job is responsible for analyzing and interpreting a client's credit worthiness, evaluating credit risks, and writing credit approval memos. Key responsibilities include analyzing qualitative and quantitative data such as client's financials, projections, industry data, covenant compliance, and collateral appraisals to ensure compliance with the bank's risk appetite. Job expectations include completing regular monitoring and underwriting tasks and supporting key internal stakeholders.
This position can be filled as a Credit Underwriter I or II based on experience.
Responsibilities:
- Analyzes client's financial performance by comparing it to past performance, projections.
- Reviews financial statements, assesses the client's compliance with financial covenants, and renews risk ratings, while recommending changes as warranted
- Assists in the underwriting and credit risk analysis for , client transactions, while adhering to all relevant policies and procedures
- Evaluates transaction and relationship risk-adjusted profitability to facilitate the allocation of capital
Required Qualifications:
- 3+ yrs of experience in Asset Based Lending, Commercial/Corporate credit or relationship management, leveraged finance, loan syndications, or restructuring/workout
- Strong credit, financial analysis and modeling skills
- Proficient in Word, Excel, and PowerPoint
Desired Qualifications:
- Bachelor's degree in Accounting and/or Finance
- Completion of a formal bank credit training program
Skills:
- Analytical Thinking
- Financial Analysis
- Profitability Analysis
- Research Analysis
- Attention to Detail
- Business Acumen
- Credit and Risk Assessment
- Underwriting
- Written Communications
- Collaboration
- Critical Thinking
- Portfolio Analysis
- Prioritization
- Technical Documentation
Shift:
1st shift (United States of America)
Hours Per Week:
40
Perks and Benefits
Health and Wellness
- FSA
- HSA
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Short-Term Disability
- Long-Term Disability
- Pet Insurance
- Mental Health Benefits
Parental Benefits
- Non-Birth Parent or Paternity Leave
- Birth Parent or Maternity Leave
- Adoption Assistance Program
- Adoption Leave
- Family Support Resources
Work Flexibility
Office Life and Perks
Vacation and Time Off
- Leave of Absence
- Personal/Sick Days
- Paid Holidays
- Paid Vacation
- Sabbatical
- Volunteer Time Off
Financial and Retirement
- 401(K) With Company Matching
- 401(K)
- Financial Counseling
Professional Development
- Tuition Reimbursement
- Internship Program
- Associate or Rotational Training Program
- Mentor Program
- Access to Online Courses
Diversity and Inclusion