Credit Underwriter II Global Wealth & Investment Management

Charlotte, VT - USA

Monthly Salary: Not Disclosed

Posted on: 14 hours ago

Vacancies: 1 Vacancy

Job Summary

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.

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 analyzing and interpreting a clients credit worthiness evaluating credit risks and writing credit approval memos for annual renewals and new lending opportunities. Key responsibilities include analyzing qualitative and quantitative data such as clients financials projections industry data covenant compliance and collateral appraisals to ensure compliance with the banks risk appetite.

The Credit Underwriter II is aligned with the Credit Advisor in their goal of developing new custom lending relationships with strategic wealth clients.

Job expectations include completing regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of new transactions. Transactions include commercial real estate yacht unsecured Treasury Management and Corporate Bankcards.

Responsibilities:

Analyzes clients financial performance by comparing it to past performance projections and industry standards
Reviews financial statements assesses the clients compliance with financial covenants and renews risk ratings while recommending changes as warranted
Assists in the underwriting credit risk analysis negotiation and closing of new transactions or existing transactions while adhering to all relevant policies and procedures
Evaluates transaction and relationship risk-adjusted profitability to facilitate the allocation of capital
Identifies escalates and debates data quality regulatory and/or policy breach issues while delivering accurate and consistent data
Builds projection models for the client (as needed) based on historical performance industry forecasts and other due diligence findings
Trains coaches and mentors Credit Analysts
Identify and recommend process improvements
Maintains asset quality within the defined Global Wealth and Investment Management risk appetite limits

Required Qualifications:

3 - 5 years of commercial and/or private wealth management credit experience
Strong financial analysis accounting skills and deal structuring for borrowers with complex balance sheets and income streams
Strong negotiation and communication skills
Organized and detail oriented with ability to multi-task with prior experience in a high-volume production environment
Proficiency in Word Excel and PowerPoint
Excellent interpersonal skills and the ability to build business partnerships with risk services and client teams who may not be co-located

Desired Qualifications:

Bachelors degree in business administration finance accounting or economics preferred
Formal Credit Training and/or Commercial/Wealth Management credit experience preferred

Skills:

Analytical Thinking
Financial Analysis
Financial Forecasting and Modeling
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:

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...