Credit Underwriter II Custom Lending Global Wealth & Investment Management

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.

The Credit Underwriter II (CUII) partners closely with the Credit Advisor (CA) to develop and expand custom lending relationships with strategic wealth clients. This role supports responsible and profitable loan and revenue growth while also managing a portfolio of existing credit relationships. The CUII is responsible for performing and documenting comprehensive financial analysis to support credit decisions for ultrahighnetworth clientsincluding individuals family offices trusts and specialized wealth entitiesensuring full adherence to applicable policies procedures and GWIM underwriting standards and guidelines.

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
• Trains coaches and mentors Credit Analysts

Necessary Activities (Includes but not limited to):

• Complete Credit Approval Memos (CAMs) and modifications to secure credit approval for complex custom loan products including marketable securities commercial real estate fine art hedge fund yacht unsecured insurance private equity and subscriptionfinance facilities
• Synthesize comprehensive financial information to assess liquidity leverage cash flow key risks/mitigants and legal structures (trusts special wealth vehicles etc.) applying sound judgment to support appropriate credit decisions
• Distill complex issues to their core components and document findings clearly concisely and accurately
• Consistently apply established policies procedures and underwriting practices including accurate financial spreading risk rating financial modeling and required approvals
• Provide lending guidance structural recommendations and policy expertise during upfront deal discussions with partners
• Review negotiate and refine loan structures and covenants during the documentation process based on borrower creditworthiness collateral and overall risk appetite
• Proactively manage deal pipeline and ensure timely progression of new and existing transactions
• Oversee daytoday management of assigned loan portfolio ensuring timely and accurate execution of collateral releases SER preparation renewals covenant resolution riskrating updates loan modifications/waivers and pastdue remediation
• Identify opportunities to streamline workflows and recommend process improvements

Required Qualifications:

• Strong financial analysis accounting skills and deal structuring for borrowers with complex balance sheets and income streams
• 3-5 years of commercial and/or private wealth management credit experience
• Strong negotiation and communication skills
• 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:

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

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

Hours Per Week:

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