Credit Analyst III-Special Assets Group

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed build a career and contribute to our shared success. This includes attracting and developing exceptional talent recognizing and rewarding performance and supporting our teammates physical emotional and financial wellness through affordable competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service community college education or a wide range of work and life experiences. These journeys foster resilience leadership and innovation strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration engagement and career development. Our approach includes clear in-office expectations while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America you can build a successful career with opportunities to learn grow and make an impact. Join us!

Job Description:
The Special Asset Group (SAG) manages the Banks high risk/criticized or distressed commercial loan portfolio. The Credit Analyst III supports the SAG Portfolio Officers in the management of their credits. This includes structuring and underwriting of credit facilities providing financial and collateral analysis drafting credit approvals asset quality forecasting monitoring covenant compliance and completion of regulatory requirements. Credit Risk Officer may eventually manage a SAG portfolio of less complex relationships.

• Perform financial and credit analysis risk rating analysis ensuring adherence to prevailing credit policy and procedures for an assigned portfolio.
• Establish appropriate internal risk ratings for clients and implement accurate adjustments throughout the clients credit life cycle.
• Develop and maintain a deep understanding of the product spectrum and portfolio at the client industry and macro level to assess risk and craft value added solutions balancing risk.
• Participate in client meetings and strategy sessions.
• Develop maintain and manage internal relationships with business partners.
• Participate in strategic projects to support business goals.

Required Qualifications:

• 1 years of commercial workout or commercial underwriting related experience
• Experience in financial analysis structuring underwriting and portfolio management
• Strong communication skills; ability to communicate vertically horizontally and externally

Desired Qualifications:

• Fluency with use of Microsoft Office applications particularly Excel; including ability to prepare and/or review company specific financial models in Excel.
• Strong verbal and written communication skills and relationship building skills with ability to communicate to all levels of internal partners and leadership to gather/convey relevant information.
• Strong understanding of commercial banking laws rules and regulations including internal Bank policies/standards.
• Bachelors Degree

Skills:

• Attention to Detail
• Client Management
• Decision Making
• Underwriting
• Credit Documentation Requirements
• Critical Thinking
• Portfolio Management
• Problem Solving
• Written Communications
• Financial Analysis
• Negotiation

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

Shift:

Hours Per Week:

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