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About the Role
The Enhanced Channel Underwriter role is responsible for credit underwriting and monitoring for new and existing clients in partnership with the client team. This role involves independently managing transactions or portfolios of limited to moderate complexity, completing and reviewing credit analysis, evaluating risks, and writing financial analysis for products including lines of credit, term loans, and real estate loans. The job includes structuring, negotiating, documenting credit analysis, assessing borrower financial information, evaluating policy adherence, providing loan structure analysis and recommendations, and monitoring portfolio performance. This role reports to the Commercial Credit Manager.
Responsibilities
- Manages a portfolio of clients supporting underwriting and/or monitoring requirements with limited to moderate complexity
- Independently works with Relationship Management, and Risk teammates to understand structuring needs and requirements
- Delivers financial modeling, loan structure, industry, economic, and other analyses to team members to support the loan decision-making process
- Reviews work of junior teammates to provide feedback/coaching and ensure compliance with laws, rules, regulations and policy procedure
- Has credit approval for certain credit actions
- Leads loan structure conversations and completion of loan documentation with internal/external legal partners
Requirements
- 5+ years of solid Commercial Banking experience underwriting (Business Banking, Middle Market, Leverage Finance, etc.)
- Experience in financial analysis, structuring, underwriting and portfolio management
- Analytical/technical skills, including financial accounting, modeling and loan structuring
- Strong communication skills; ability to communicate vertically, horizontally, and externally
- Industry knowledge across multiple sectors
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
- Ontario, CA
- Sacramento, CA
- San Francisco, CA
- Washington, DC
- Chicago, IL
- Seattle, WA
Work Type
- In-office
- Full-time
Experience Level
- 5+ years of experience
Education Level
- High School Diploma / GED / Secondary School or equivalent
Salary/Compensations
- $91,000.00 - $150,000.00 annualized salary
Benefits
- Industry-leading benefits
- Access to paid time off
- Resources and support
- Discretionary incentive eligible
About the Company
- At Bank of America, we are 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.
- 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.
- 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.
Equal Opportunity
- 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.