Commercial Credit Underwriter I-II
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Job Location:
Saint Louis, MI - USA
Monthly Salary:
Not Disclosed
Posted on:
17 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:
The UW is responsible for underwriting and structuring of credit transactions. The UW is able to underwrite credit transactions with minimal oversight from the Credit Officer (CO) and also approves complex credit transactions with some coaching from the CO/Commercial Credit Manager (CCM). The UW leads the credit approval process with assistance from the CCM as needed for clients without CO coverage and is an active participant with the CO in credit approval process for complex clients/transactions. UWs may call on credit clients and prospects in partnership or independently with the RM and/or CO as appropriate. Provides ongoing management and primary accountability for a portion of the monitoring and maintenance activities on an assigned portfolio or market including a higher composition of complex client relationships. They monitor clients operating performance and financial condition to proactively identify issues and opportunities. They deliver financial industry economic and other analysis to facilitate decision making while also ensuring adherence to credit policies guidelines and applicable regulatory requirements. The UWs provide ongoing coaching and support to other Credit team members. They report to CCM and partner closely with COs.
Responsibilities:
Evaluates credit worthiness and provides analysis and decisioning on whether a client should receive a credit facility
Partners with Credit Officers Relationship Management and Risk teammates to assess and deliver credit solutions
Monitors the clients operating performance and financial condition proactively identifying issues and opportunities
Delivers financial modeling loan structure industry economic and other analysis to team members to support the loan decision-making process
Ensures adherence to credit policies guidelines procedures and applicable regulatory requirements
Skills:
Attention to Detail
Credit and Risk Assessment
Financial Analysis
Underwriting
Written Communications
Analytical Thinking
Credit Documentation Requirements
Financial Forecasting and Modeling
Recording/Organizing Information
Business Acumen
Collaboration
Collateral Management
Loan Structuring
Prioritization
Required Qualifications:
3 years of solid experience in Commercial Banking performing financial analysis structuring underwriting and portfolio management
Strong communication and analytical/technical skills including financial accounting modeling and loan structuring.
Desired Qualifications:
Participate with RM or COs to negotiate Credit Agreements & loan documents as needed.
Be knowledgeable of the closing process & timeline for all types of loans (i.e. real estate revolvers etc.)
BA/BS Desired
Shift:
1st shift (United States of America)Hours Per Week:
40
Key Skills
- Loan Processing
- Computer Skills
- Fraud
- Math
- Banking
- Pricing
- Analysis Skills
- Fair Housing Regulations
- Underwriting
- Financial Analysis
- negotiation
- Phone Etiquette
About Company
What would you like the power to do? At Bank of America, our purpose is to help make financial lives better through the power of every connection.
