Bank of America
Credit Underwriter I-Leasing/Municipal Credit and Public Finance
Bank of America, Providence, Rhode Island, us, 02912
Credit Underwriter I‑Leasing/Municipal Credit and Public Finance
Join to apply for the
Credit Underwriter I‑Leasing/Municipal Credit and Public Finance
role at
Bank of America . Base pay range: $70,000.00/yr – $125,000.00/yr.
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!
This job is responsible for performing risk assessment and repayment capacity analysis (i.e., financial, borrower, industry, etc.) and preparing transaction justification for complex transactions with limited supervision. Key responsibilities include documenting credit analysis, independently assessing historic and projected borrower financial information, evaluating adherence to policy and procedure, providing loan structure analysis and recommendations, and monitoring portfolio performance.
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 analyses to support the loan decision‑making process.
Ensures adherence to credit policies, guidelines, procedures, and applicable regulatory requirements.
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.
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.
Completes comprehensive analysis on client financial statements.
Identifies and monitors client and industry risk trends.
Models transaction and relationship profitability.
Reviews legal documentation related to loans and derivatives.
Writes annual review memorandums and risk rating justification to summarize analysis and conclusions.
Monitors rating agency actions and publicly available news related to portfolio accounts.
May assist in underwriting, credit risk analysis, negotiation, and closing of new or existing transactions while adhering to all relevant policies and procedures.
Required Qualifications
Minimum of 2+ years of commercial credit underwriting experience, preferably in a bank or large financial institution.
Robust understanding of corporate finance and accounting concepts; experience in municipal credit/public finance is a plus.
Excellent writing and verbal communication skills.
Effective time‑management skills with ability to balance multiple competing priorities.
Proficiency in Microsoft Excel.
Desired Qualifications
Bachelor’s degree with an emphasis in finance, accounting, or economics.
Skills
Attention to Detail
Financial Analysis
Underwriting
Written Communications
Analytical Thinking
Credit Documentation Requirements
Credit and Risk Assessment
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 Entry level
Employment type Full-time
Job function Finance and Sales
Industries Banking
#J-18808-Ljbffr
Credit Underwriter I‑Leasing/Municipal Credit and Public Finance
role at
Bank of America . Base pay range: $70,000.00/yr – $125,000.00/yr.
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!
This job is responsible for performing risk assessment and repayment capacity analysis (i.e., financial, borrower, industry, etc.) and preparing transaction justification for complex transactions with limited supervision. Key responsibilities include documenting credit analysis, independently assessing historic and projected borrower financial information, evaluating adherence to policy and procedure, providing loan structure analysis and recommendations, and monitoring portfolio performance.
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 analyses to support the loan decision‑making process.
Ensures adherence to credit policies, guidelines, procedures, and applicable regulatory requirements.
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.
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.
Completes comprehensive analysis on client financial statements.
Identifies and monitors client and industry risk trends.
Models transaction and relationship profitability.
Reviews legal documentation related to loans and derivatives.
Writes annual review memorandums and risk rating justification to summarize analysis and conclusions.
Monitors rating agency actions and publicly available news related to portfolio accounts.
May assist in underwriting, credit risk analysis, negotiation, and closing of new or existing transactions while adhering to all relevant policies and procedures.
Required Qualifications
Minimum of 2+ years of commercial credit underwriting experience, preferably in a bank or large financial institution.
Robust understanding of corporate finance and accounting concepts; experience in municipal credit/public finance is a plus.
Excellent writing and verbal communication skills.
Effective time‑management skills with ability to balance multiple competing priorities.
Proficiency in Microsoft Excel.
Desired Qualifications
Bachelor’s degree with an emphasis in finance, accounting, or economics.
Skills
Attention to Detail
Financial Analysis
Underwriting
Written Communications
Analytical Thinking
Credit Documentation Requirements
Credit and Risk Assessment
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 Entry level
Employment type Full-time
Job function Finance and Sales
Industries Banking
#J-18808-Ljbffr