Bank of America
Commercial Credit Underwriter I / II - San Francisco
Bank of America, San Jose, California, United States, 95199
Commercial Credit Underwriter I / II - San Francisco
Base pay range
$81,600.00/yr - $162,500.00/yr
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, including our commitment to an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ wellbeing, recognizing and rewarding performance, and making 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 flexibility 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!
Role overview / Responsibilities
The underwriter is responsible for underwriting and structuring of credit transactions.
Underwrite credit transactions with minimal oversight from the Credit Officer (CO) and approve complex credit transactions with coaching from the Credit Manager (CCM).
Lead the credit approval process with assistance from the CCM for clients without CO coverage; participate in credit approvals for complex clients/transactions with the CO.
Engage credit clients and prospects in partnership or independently with the Relationship Manager (RM) and/or CO as appropriate.
Provide ongoing management and accountability for monitoring and maintenance on an assigned portfolio or market, including a higher composition of complex client relationships.
Monitor operating performance and financial condition to proactively identify issues and opportunities.
Deliver financial, industry, economic, and other analysis to facilitate decision making while ensuring adherence to credit policies, guidelines, and applicable regulatory requirements.
Provide ongoing coaching and support to other Credit team members. Report to CCM and partner closely with COs.
Responsibilities
Evaluate credit worthiness and provide analysis and decisioning on whether a client should receive a credit facility.
Partner with Credit Officers, Relationship Management, and Risk teammates to assess and deliver credit solutions.
Monitor client operating performance and financial condition, proactively identifying issues and opportunities.
Deliver financial modeling, loan structure, industry, economic, and other analyses to support loan decisions.
Ensure adherence to credit policies, guidelines, procedures, and applicable regulatory requirements.
Required Qualifications
3+ years of solid experience in Commercial Banking performing financial analysis, structuring, underwriting and portfolio management.
Strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring.
Desired Qualifications
Participate with RM or COs to negotiate Credit Agreements and loan documents, as needed.
Knowledge of the closing process and timeline for various loan types (e.g., real estate, revolvers).
BA/BS desired.
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
Shift 1st shift (United States of America)
Hours Per Week 40
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance and Sales
Industries
Banking
Referrals increase your chances of interviewing at Bank of America. Get notified about new Credit Underwriter jobs in San Jose, CA.
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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, including our commitment to an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ wellbeing, recognizing and rewarding performance, and making 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 flexibility 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!
Role overview / Responsibilities
The underwriter is responsible for underwriting and structuring of credit transactions.
Underwrite credit transactions with minimal oversight from the Credit Officer (CO) and approve complex credit transactions with coaching from the Credit Manager (CCM).
Lead the credit approval process with assistance from the CCM for clients without CO coverage; participate in credit approvals for complex clients/transactions with the CO.
Engage credit clients and prospects in partnership or independently with the Relationship Manager (RM) and/or CO as appropriate.
Provide ongoing management and accountability for monitoring and maintenance on an assigned portfolio or market, including a higher composition of complex client relationships.
Monitor operating performance and financial condition to proactively identify issues and opportunities.
Deliver financial, industry, economic, and other analysis to facilitate decision making while ensuring adherence to credit policies, guidelines, and applicable regulatory requirements.
Provide ongoing coaching and support to other Credit team members. Report to CCM and partner closely with COs.
Responsibilities
Evaluate credit worthiness and provide analysis and decisioning on whether a client should receive a credit facility.
Partner with Credit Officers, Relationship Management, and Risk teammates to assess and deliver credit solutions.
Monitor client operating performance and financial condition, proactively identifying issues and opportunities.
Deliver financial modeling, loan structure, industry, economic, and other analyses to support loan decisions.
Ensure adherence to credit policies, guidelines, procedures, and applicable regulatory requirements.
Required Qualifications
3+ years of solid experience in Commercial Banking performing financial analysis, structuring, underwriting and portfolio management.
Strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring.
Desired Qualifications
Participate with RM or COs to negotiate Credit Agreements and loan documents, as needed.
Knowledge of the closing process and timeline for various loan types (e.g., real estate, revolvers).
BA/BS desired.
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
Shift 1st shift (United States of America)
Hours Per Week 40
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance and Sales
Industries
Banking
Referrals increase your chances of interviewing at Bank of America. Get notified about new Credit Underwriter jobs in San Jose, CA.
#J-18808-Ljbffr