Bank of America
Sr Underwriter/Underwriter-Corporate Real Estate Banking
Bank of America, Chicago, Illinois, United States, 60290
To proceed with your application, you must be at least 18 years of age.
To proceed with your application, you must be at least 18 years of age.
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: CREB Senior Underwriter (SUW) is responsible for performing deal analysis, preparation of supporting justification, and processing approvals. The SUW has understanding of key policies and regulations for applicability/impact to a transaction. The SUW is a senior member of the CREB market team, is aligned to LOB regions/markets, working with the CO teams in a specific market and is assigned a portfolio of clients. The SUW is typically an individual contributor who reports to a CREB Senior Credit Product Manager. However, the SUW pairs with a Credit Officer based on assigned relationships and they work as a team to jointly underwrite and close new CRE transactions as well as perform material modification to existing facilities. The SUW will also advise the CREB portfolio group with any post closing credit actions as needed. Successful candidates will possess functional expertise and will have demonstrated strong performance with a focus on collaboration, driving operational excellence and the ability to influence leaders, peers and clients.
This job is responsible for performing real estate deal analysis, preparing supporting deal justification, and processing approvals. Key responsibilities include underwriting aspects of a real estate credit transaction (e.g., construction debt, term debt, and tax credit equity) for all product types, performing material modifications to existing facilities, and advising the Commercial Real Estate Banking portfolio group on any post closing credit actions as needed. Job expectations may include driving operational excellence and influencing leaders, peers, and clients. This postion can be filled as a Sr. Underwriter or Underwriter Responsibilities: Leads the underwriting of secured and unsecured transactions to Real Estate Corporate Banking clients, including real estate secured construction and term debt, tunsecured corporate revolvers, bridge financing. Performs the requisite due diligence once a credit opportunity is mandated, preparing the approval request documents, receiving final loan approval on a timely basis, and participating in the loan closing process Collaborates with the client, relationship coverage team, and product partners, as applicable, to facilitate timely and client-centric loan closings. Occasional travel for client meetings and project tours. Leads the end-to-end process for loan modifications and extensions on existing loans including structuring, due diligence, gaining approval, and closing Completes Scheduled Exposure Reviews (SERs) and Risk Rating Scorecards for adversely risk rated loansfor approval, and presents SERs at quarterly SER meetings Required Qualifications: 3+ years of Commercial Real Estate Credit/Underwriting experience Experience analyzing and interpreting commercial real estate financial statements Must have financial modeling experience Desired Qualifications: 5+ years of Commercial Real Estate industry and Commercial Real Estate Credit experience Bachelor’s degree in finance, accounting or related major Skills: Credit and Risk Assessment Customer and Client Focus Analytical Thinking Attention to Detail Oral Communications Interpret Relevant Laws, Rules, and Regulations To proceed with your application, you must be at least 18 years of age. To proceed with your application, you must be at least 18 years of age. Age requirement: Must at least be 18 years of age. Illinois pay and benefits information $91,200.00 - $175,000.00annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. This role is currently
benefits eligible
.We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please contact us by calling
1.877.760.2076 . This is a dedicated line designed exclusively to assist job seekers whose disability prevents them from being able to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days. Please note : Messages left for other purposes such as following up on an application or non-disability related technical issues, will not receive a response. Important notice: You are now leaving a Bank of America website.
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Continue , you will be taken to a website that is not affiliated with Bank of America and may offer a different privacy policy and level of security. Bank of America is not responsible for and does not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on other websites. Please refer to the website’s posted privacy terms and use. You can click the
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Sharing and Selling of Personal Data Bank of America does not sell personal information, but we may share personal information for targeted advertising. You have the right to opt-out of the selling or sharing of your personal information.
By switching the toggle to the left and clicking save, you are indicating that you do not want us to sell your personal information or share your personal information for online targeted advertising activities.
If you do not have an account or if you are not logged into your account, your request to opt-out of sale/sharing will be linked to your browser identifier only and not linked to any account information because the connection between your browser and the account is not known to us.
At any time, you may change your preference setting using the toggle bar. Any manual adjustment will override previous settings. Advertising
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Preference Children's Privacy
Children's Privacy Bank of America is committed to protecting children’s privacy and limiting the collection and use of minor’s data. For sites where we offer products or content to persons under 18 years of age, the privacy settings are set to the highest level, limiting data collection to what is required to run our website. This setting blocks the collection and use of sensitive information. To learn more about Children’s Privacy, see our Children's Privacy Page
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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: CREB Senior Underwriter (SUW) is responsible for performing deal analysis, preparation of supporting justification, and processing approvals. The SUW has understanding of key policies and regulations for applicability/impact to a transaction. The SUW is a senior member of the CREB market team, is aligned to LOB regions/markets, working with the CO teams in a specific market and is assigned a portfolio of clients. The SUW is typically an individual contributor who reports to a CREB Senior Credit Product Manager. However, the SUW pairs with a Credit Officer based on assigned relationships and they work as a team to jointly underwrite and close new CRE transactions as well as perform material modification to existing facilities. The SUW will also advise the CREB portfolio group with any post closing credit actions as needed. Successful candidates will possess functional expertise and will have demonstrated strong performance with a focus on collaboration, driving operational excellence and the ability to influence leaders, peers and clients.
This job is responsible for performing real estate deal analysis, preparing supporting deal justification, and processing approvals. Key responsibilities include underwriting aspects of a real estate credit transaction (e.g., construction debt, term debt, and tax credit equity) for all product types, performing material modifications to existing facilities, and advising the Commercial Real Estate Banking portfolio group on any post closing credit actions as needed. Job expectations may include driving operational excellence and influencing leaders, peers, and clients. This postion can be filled as a Sr. Underwriter or Underwriter Responsibilities: Leads the underwriting of secured and unsecured transactions to Real Estate Corporate Banking clients, including real estate secured construction and term debt, tunsecured corporate revolvers, bridge financing. Performs the requisite due diligence once a credit opportunity is mandated, preparing the approval request documents, receiving final loan approval on a timely basis, and participating in the loan closing process Collaborates with the client, relationship coverage team, and product partners, as applicable, to facilitate timely and client-centric loan closings. Occasional travel for client meetings and project tours. Leads the end-to-end process for loan modifications and extensions on existing loans including structuring, due diligence, gaining approval, and closing Completes Scheduled Exposure Reviews (SERs) and Risk Rating Scorecards for adversely risk rated loansfor approval, and presents SERs at quarterly SER meetings Required Qualifications: 3+ years of Commercial Real Estate Credit/Underwriting experience Experience analyzing and interpreting commercial real estate financial statements Must have financial modeling experience Desired Qualifications: 5+ years of Commercial Real Estate industry and Commercial Real Estate Credit experience Bachelor’s degree in finance, accounting or related major Skills: Credit and Risk Assessment Customer and Client Focus Analytical Thinking Attention to Detail Oral Communications Interpret Relevant Laws, Rules, and Regulations To proceed with your application, you must be at least 18 years of age. To proceed with your application, you must be at least 18 years of age. Age requirement: Must at least be 18 years of age. Illinois pay and benefits information $91,200.00 - $175,000.00annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. This role is currently
benefits eligible
.We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please contact us by calling
1.877.760.2076 . This is a dedicated line designed exclusively to assist job seekers whose disability prevents them from being able to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days. Please note : Messages left for other purposes such as following up on an application or non-disability related technical issues, will not receive a response. Important notice: You are now leaving a Bank of America website.
By clicking
Continue , you will be taken to a website that is not affiliated with Bank of America and may offer a different privacy policy and level of security. Bank of America is not responsible for and does not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on other websites. Please refer to the website’s posted privacy terms and use. You can click the
Continue
button to proceed or the
Cancel
button to return to the previous page. This feature allows you to manage your privacy choices. By selecting a category, you can learn about your choices and make changes. Selections you make will update your default settings. Where possible, we will provide you with a single privacy profile and store settings across our brands. Occasionally there are legal or technical limitations, where you have multiple user names or accounts, that may prevent this from occurring. You should check your settings for accuracy based on your relationship with us.
Local Privacy Notices and Requirements
Your Privacy Choices
This feature allows you to manage your privacy choices. By selecting a category, you can learn about your choices and make changes. Selections you make will update your default settings. Where possible, we will provide you with a single privacy profile and store settings across our brands. Occasionally there are legal or technical limitations, where you have multiple user names or accounts, that may prevent this from occurring. You should check your settings for accuracy based on your relationship with us.
Local Privacy Notices and Requirements The Privacy Choices displayed are specific to your local privacy requirements and our privacy notices. For more information about how we protect your privacy, including specific rights that may apply, please visit the Opens in a new window
Institutional Privacy
and the Opens in a new window
Consumer Privacy
pages.
Marketing Preferences To manage your general marketing preferences, please visit the “Control how we can share your data and market to you” form on our Opens in a new window
Privacy Page.
California Residents To learn more about your privacy rights as a California resident, please see our Opens in a new window
California Consumer Privacy Act Notice. To exercise your CCPA consumer rights to request, correct or delete your personal information, please visit our Opens in a new window
California Personal Information Request form. To opt out of sharing and selling, open the “Sharing and selling of Personal Data” tab and make a selection. Sharing and Selling of Personal Data
Sharing and Selling of Personal Data Bank of America does not sell personal information, but we may share personal information for targeted advertising. You have the right to opt-out of the selling or sharing of your personal information.
By switching the toggle to the left and clicking save, you are indicating that you do not want us to sell your personal information or share your personal information for online targeted advertising activities.
If you do not have an account or if you are not logged into your account, your request to opt-out of sale/sharing will be linked to your browser identifier only and not linked to any account information because the connection between your browser and the account is not known to us.
At any time, you may change your preference setting using the toggle bar. Any manual adjustment will override previous settings. Advertising
Advertising Performance
Performance Preference
Preference Children's Privacy
Children's Privacy Bank of America is committed to protecting children’s privacy and limiting the collection and use of minor’s data. For sites where we offer products or content to persons under 18 years of age, the privacy settings are set to the highest level, limiting data collection to what is required to run our website. This setting blocks the collection and use of sensitive information. To learn more about Children’s Privacy, see our Children's Privacy Page
. Strictly Necessary
Always Active
#J-18808-Ljbffr