Credit Analyst IIGeneral Industries Global Corporate & Investment Banking

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
• Builds projection models for the client (as needed) based on historical performance industry forecasts and other due diligence findings
• Evaluates credit worthiness and provides analysis and decisioning on whether a client should receive a credit facility
• Partners with Credit Officers Corporate Banking 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 analyses to team members to support the loan decision-making process
• Ensures adherence to credit policies guidelines procedures and applicable regulatory requirements

Required Qualifications:

• 1 years of relevant experience in credit analysis banking financial services or a comparable analytical or risk-focused role
• Demonstrated working knowledge of financial and accounting concepts with the ability to apply them in credit or financial analysis
• Strong written and verbal communication skills with the ability to clearly summarize financial performance risks and recommendations
• Ability to effectively manage multiple priorities and deadlines in a fast-paced transaction-oriented environment
• Proficiency in Microsoft Excel including use for financial analysis modeling and data review
• Strong attention to detail and sound judgment when working within credit policies procedures and regulatory guidelines

Desired Qualifications:

• Bachelors degree in finance accounting economics or a related field
• Experience supporting credit underwriting risk rating or loan approval processes
• Exposure to financial modeling cash flow forecasting covenant testing or profitability analysis
• Familiarity with commercial lending products credit policies or relevant regulatory requirements
• Experience partnering with relationship managers credit officers or risk teams

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
• Credit Documentation Requirements
• Recording/Organizing Information
• Collateral Management
• Loan Structuring

Shift:

Hours Per Week:

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