Bank of America
Sr. Credit Underwriter-Asset Based Lending-Large Corporate/Sponsors
Bank of America, Chicago, Illinois, United States, 60290
Bank of America - Credit Analyst (Asset‑Based Lending)
At Bank of America, we drive Responsible Growth by helping clients, teammates, communities, and shareholders. This in‑office role supports our commitment to an inclusive workplace and celebrates the well‑being of our team.
Job Summary This position performs risk assessment and repayment capacity analysis for moderately complex/complex transactions with limited oversight. The analyst documents credit analysis, evaluates borrower financials, ensures policy adherence, recommends loan structure, and monitors portfolio performance.
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 the client’s operating performance and financial condition, proactively identifying issues and opportunities.
Deliver financial modeling, loan structure, industry, economic, and other analysis to support the loan decision‑making process.
Ensure adherence to credit policies, guidelines, procedures, and applicable regulatory requirements.
Analyze new prospects for credit quality and ABL potential, including financials and projections.
Evaluate collateral from a broad spectrum of industries for suitability for asset‑based facilities.
Assist in negotiation of term sheets and credit agreements with prospective clients.
Prepare internal documentation to evaluate new opportunities including pre‑screens and final approval documentation.
Work closely with risk management on approvals; present borrower and structure to risk committee to secure deal approval.
Work with outside counsel and other third parties, including appraisers and field examiners, to document and close transactions.
Required Qualifications
7+ years’ experience in credit, underwriting, and structuring of corporate lending transactions.
Deep knowledge of and ability to work with legal documentation (commitment papers, term sheets, credit agreements, intercreditor agreements, etc.).
Able to establish and maintain collaborative partnerships with both internal and external clients.
Demonstrates strong team‑minded behavior; can work constructively to create win‑win solutions that build trust.
Demonstrates deep and broad business acumen – a strong businessperson with credit and technical skills.
Easily navigates multiple client and support organizations; able to engage and gather resources through various business partners to achieve successful outcomes.
Desired Qualifications
10+ years asset‑based experience.
Familiarity with asset‑based lending across broad industries, including specific sector risks and nuances.
BA/BS Degree with a concentration in Finance, Accounting or related field.
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 / Hours 1st shift (United States). 40 hours per week.
Compensation & Benefits US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago. US - NY - New York - ONE BRYANT PARK.
Pay range: $95,000 – $162,500 annualized salary, based on experience, education, and skill set.
Discretionary incentive eligible. Employees are eligible for an annual discretionary award based on performance and contributions.
Benefits include industry‑leading packages, paid time off, and resources to support sustainable growth and community impact.
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Job Summary This position performs risk assessment and repayment capacity analysis for moderately complex/complex transactions with limited oversight. The analyst documents credit analysis, evaluates borrower financials, ensures policy adherence, recommends loan structure, and monitors portfolio performance.
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 the client’s operating performance and financial condition, proactively identifying issues and opportunities.
Deliver financial modeling, loan structure, industry, economic, and other analysis to support the loan decision‑making process.
Ensure adherence to credit policies, guidelines, procedures, and applicable regulatory requirements.
Analyze new prospects for credit quality and ABL potential, including financials and projections.
Evaluate collateral from a broad spectrum of industries for suitability for asset‑based facilities.
Assist in negotiation of term sheets and credit agreements with prospective clients.
Prepare internal documentation to evaluate new opportunities including pre‑screens and final approval documentation.
Work closely with risk management on approvals; present borrower and structure to risk committee to secure deal approval.
Work with outside counsel and other third parties, including appraisers and field examiners, to document and close transactions.
Required Qualifications
7+ years’ experience in credit, underwriting, and structuring of corporate lending transactions.
Deep knowledge of and ability to work with legal documentation (commitment papers, term sheets, credit agreements, intercreditor agreements, etc.).
Able to establish and maintain collaborative partnerships with both internal and external clients.
Demonstrates strong team‑minded behavior; can work constructively to create win‑win solutions that build trust.
Demonstrates deep and broad business acumen – a strong businessperson with credit and technical skills.
Easily navigates multiple client and support organizations; able to engage and gather resources through various business partners to achieve successful outcomes.
Desired Qualifications
10+ years asset‑based experience.
Familiarity with asset‑based lending across broad industries, including specific sector risks and nuances.
BA/BS Degree with a concentration in Finance, Accounting or related field.
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 / Hours 1st shift (United States). 40 hours per week.
Compensation & Benefits US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago. US - NY - New York - ONE BRYANT PARK.
Pay range: $95,000 – $162,500 annualized salary, based on experience, education, and skill set.
Discretionary incentive eligible. Employees are eligible for an annual discretionary award based on performance and contributions.
Benefits include industry‑leading packages, paid time off, and resources to support sustainable growth and community impact.
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