Bank of America
Credit Underwriter I/II - Global Commercial and Investment Banking - Energy
Bank of America, Houston, Texas, United States, 77246
Overview
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. 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!
This job is responsible for analyzing and interpreting a client s credit worthiness, evaluating credit risks, and writing credit approval memos for annual renewals and new lending opportunities. Key responsibilities include analyzing qualitative and quantitative data such as client a s financials, projections, industry data, covenant compliance, and collateral appraisals to ensure compliance with the bank's risk appetite. Job expectations include completing regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of new transactions.
Responsibilities
Analyzes client's financial performance by comparing it to past performance, projections, and industry standards
Reviews financial statements, assesses the client's compliance with financial covenants, and renews risk ratings, while recommending changes as warranted
Assists in the underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures
Evaluates transaction and relationship risk-adjusted profitability to facilitate the allocation of capital
Builds projection models for the client (as needed) based on historical performance, industry forecasts, and other due diligence findings
Trains, coaches, and mentors Credit Analysts
Required Qualifications
Robust understanding of corporate finance and accounting concepts
Excellent writing and verbal communication skills
Effective time management skills with ability to balance multiple competing priorities
Proficiency in Microsoft Excel
2+ years of commercial and/or corporate banking credit underwriting related experience, preferably in a bank or large financial institution
Desired Qualifications
Bachelor’s degree with emphasis in finance, accounting or economics
Skills
Analytical Thinking
Financial Analysis
Financial Forecasting and Modeling
Profitability Analysis
Research Analysis
Attention to Detail
Business Acumen
Credit and Risk Assessment
Underwriting
Written Communications
Collaboration
Critical Thinking
Portfolio Analysis
Prioritization
Technical Documentation
Shift 1st shift (United States of America)
Hours Per Week 40
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This job is responsible for analyzing and interpreting a client s credit worthiness, evaluating credit risks, and writing credit approval memos for annual renewals and new lending opportunities. Key responsibilities include analyzing qualitative and quantitative data such as client a s financials, projections, industry data, covenant compliance, and collateral appraisals to ensure compliance with the bank's risk appetite. Job expectations include completing regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of new transactions.
Responsibilities
Analyzes client's financial performance by comparing it to past performance, projections, and industry standards
Reviews financial statements, assesses the client's compliance with financial covenants, and renews risk ratings, while recommending changes as warranted
Assists in the underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures
Evaluates transaction and relationship risk-adjusted profitability to facilitate the allocation of capital
Builds projection models for the client (as needed) based on historical performance, industry forecasts, and other due diligence findings
Trains, coaches, and mentors Credit Analysts
Required Qualifications
Robust understanding of corporate finance and accounting concepts
Excellent writing and verbal communication skills
Effective time management skills with ability to balance multiple competing priorities
Proficiency in Microsoft Excel
2+ years of commercial and/or corporate banking credit underwriting related experience, preferably in a bank or large financial institution
Desired Qualifications
Bachelor’s degree with emphasis in finance, accounting or economics
Skills
Analytical Thinking
Financial Analysis
Financial Forecasting and Modeling
Profitability Analysis
Research Analysis
Attention to Detail
Business Acumen
Credit and Risk Assessment
Underwriting
Written Communications
Collaboration
Critical Thinking
Portfolio Analysis
Prioritization
Technical Documentation
Shift 1st shift (United States of America)
Hours Per Week 40
#J-18808-Ljbffr