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About the Role

This role is responsible for performing risk assessment and repayment capacity analysis, preparing transaction justifications, and delivering integrated credit solutions to large corporate clients. You will partner closely with client-facing teammates to consult on sales opportunities and provide necessary product expertise and consultation.

Responsibilities

• Evaluates credit worthiness and provides analysis and decisioning on whether a client should receive a credit facility.
• Partners with Credit Officers, Relationship Management, and Risk teammates to assess and deliver credit solutions.
• Monitors the client's operating performance and financial condition, proactively identifying issues and opportunities.
• Delivers financial modeling, loan structure, industry, economic, and other analysis to team members to support the loan decision-making process.
• Ensures adherence to credit policies, guidelines, procedures, and applicable regulatory requirements.
• Evaluates new end-user credit opportunities including identification and assessment of risks and identifies mitigating factors.
• Partners with client-facing teammates to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client.
• Underwrites new transactions, analyzes credit risk, negotiates and closes deals, while adhering to internal policy, procedures and regulatory requirements.
• Structures the terms of a lease/loan with respect to the various aspects that make up a lease/loan (e.g. pricing, rates, payment, term, collateral).
• Manages the credit process for a portfolio of clients including reviewing financial statements, assessing the client's compliance with financial covenants, confirming the accuracy of risk ratings, and recommending changes as warranted.

Requirements

• Minimum 5+ yrs Leasing, Equipment Finance or Commercial Credit Experience
• Proficient credit and risk analysis skills
• Proficient presentation, structuring and financial statement analysis skills
• Proficient Microsoft Office skills
• Proficient business writing skills

Skills

• Attention to Detail
• Credit and Risk Assessment
• Financial Analysis
• Underwriting
• Written Communications
• Analytical Thinking
• Credit Documentation Requirements
• Financial Forecasting and Modeling
• Recording/Organizing Information
• Business Acumen
• Collaboration
• Collateral Management
• Loan Structuring
• Prioritization

Location

• Los Angeles, CA
• Chicago, IL
• New York, NY

Work Type

• Onsite
• Full-time

Experience Level

• 5+ years experience
• Sr. Credit Underwriter
• Credit Underwriter II

Education Level

• High School Diploma / GED / Secondary School or equivalent
• BA/BS Degree in Finance or related major
• MBA/CFA preferred

Salary/Compensations

• $87,000.00 - $200,000.00 annualized salary

Benefits

• Discretionary incentive eligible
• Eligible to participate in the annual discretionary plan
• Industry-leading benefits
• Access to paid time off
• Resources and support

About the Company

• Bank of America is guided by a common purpose to help make financial lives better through the power of every connection.
• We drive Responsible Growth and deliver for our clients, teammates, communities and shareholders every day.
• 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.
• We value the unique perspectives individuals bring from all backgrounds and career paths.
• Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development.
• At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact.