Credit Analyst II-Global Markets Credit-Mortgage Finance
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Job Location:
Dallas, IA - USA
Monthly Salary:
Not Disclosed
Posted on:
6 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. Job expectations include completing regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of new transactions.
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
- Review new business opportunities being presented by the front line provide early feedback on structure/terms and client selection in the screening process to ensure transactions fit within risk appetite
- Partner with front line unit and credit officers with structuring underwriting and documenting credit solutions for clients and with managing client relationships
Required Qualifications:
- 2 years of experience in commercial credit risk management credit underwriting structuring loan origination or public rating agencies.
- Robust understanding of corporate finance and accounting concepts.
- Exposure to reviewing a variety of lending transactions including collateral based lending facilities and derivatives.
- Proficiency with Word Excel and PowerPoint along with ability to quickly learn new programs and applications
Desired Qualifications:
- Bachelors degree in Finance Accounting or Economics majors preferred with strong academic credentials.
Skills:
- Analytical Thinking
- Financial Analysis
- Research Analysis
- Attention to Detail
- Business Acumen
- Credit and Risk Assessment
- Underwriting
- Written Communications
- Collaboration
- Critical Thinking
- Workflow Management
Shift:
1st shift (United States of America)Hours Per Week:
40Required Experience:
IC
Key Skills
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.
