Bank of America
Sr. Credit Underwriter-Global Leasing/Equipment Finance
Bank of America, Boston, Massachusetts, us, 02298
Overview
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 the 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 This role is responsible for performing risk assessment and repayment capacity analysis (i.e., financial, borrower, industry, etc.) and preparing transaction justification for moderately to highly complex transactions with limited oversight. 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. The Sr. Credit Underwriter uses this client knowledge to assess the appropriateness of existing solutions and to propose optimal financing alternatives or additional financing solutions. Directly accountable for managing credit quality and the approval process through their interaction with Risk Management Officers and Senior Management.
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 analysis to team members to support the loan decision‑making process
Ensures adherence to credit policies, guidelines, procedures, and applicable regulatory requirements
Required Qualifications
7+ yrs commercial credit experience
Must have equipment finance experience
Experience in the analysis and structuring of complex transactions
Strong credit and risk analysis skills
Strong presentation, structuring and financial statement analysis skills
Proven ability to analyze, interpret and negotiate third party documentation
Proven ability to identify trends and emerging risks in underwriting and client selection
Desired Qualifications
Undergraduate degree in finance or accounting.
MBA or CFA preferred
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 and Hours Shift: 1st shift (United States of America)
Hours Per Week: 40
Compensation and Benefits Pay Transparency details: US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110); US - MA - Boston - 100 Federal St - 100 Federal St Lp (MA5100); US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100); US - RI - Providence - 1 Financial Plz - 1 Financial Plaza (RI1537).
Pay range: $95,000.00 - $162,500.00 annualized 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.
Benefits: 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.
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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 the 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 This role is responsible for performing risk assessment and repayment capacity analysis (i.e., financial, borrower, industry, etc.) and preparing transaction justification for moderately to highly complex transactions with limited oversight. 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. The Sr. Credit Underwriter uses this client knowledge to assess the appropriateness of existing solutions and to propose optimal financing alternatives or additional financing solutions. Directly accountable for managing credit quality and the approval process through their interaction with Risk Management Officers and Senior Management.
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 analysis to team members to support the loan decision‑making process
Ensures adherence to credit policies, guidelines, procedures, and applicable regulatory requirements
Required Qualifications
7+ yrs commercial credit experience
Must have equipment finance experience
Experience in the analysis and structuring of complex transactions
Strong credit and risk analysis skills
Strong presentation, structuring and financial statement analysis skills
Proven ability to analyze, interpret and negotiate third party documentation
Proven ability to identify trends and emerging risks in underwriting and client selection
Desired Qualifications
Undergraduate degree in finance or accounting.
MBA or CFA preferred
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 and Hours Shift: 1st shift (United States of America)
Hours Per Week: 40
Compensation and Benefits Pay Transparency details: US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110); US - MA - Boston - 100 Federal St - 100 Federal St Lp (MA5100); US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100); US - RI - Providence - 1 Financial Plz - 1 Financial Plaza (RI1537).
Pay range: $95,000.00 - $162,500.00 annualized 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.
Benefits: 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.
#J-18808-Ljbffr