Credit Underwriter III Portfolio ManagementAsset 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.

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. 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.

This position can be filled as a Credit Underwriter I or II based on experience.

Responsibilities:

• Analyzes clients financial performance by comparing it to past performance projections.
• Reviews financial statements assesses the clients 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:

• Bachelors 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:

Hours Per Week: