Bank of America
Sr Credit Underwriter/Underwriter II-Leasing/Municipal Credit and Public Finance
Bank of America, Charlotte, North Carolina, United States, 28245
Sr Credit Underwriter/Underwriter II – Leasing/Municipal Credit and Public Finance
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.
This role 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. You will analyze qualitative and quantitative data such as client financials, projections, industry data, covenant compliance, collateral appraisals and covenant compliance to ensure compliance with the bank’s risk appetite. You will support key internal stakeholders to achieve successful execution of new transactions and deliver integrated credit solutions to U.S. State and Local governmental entities, including public higher education.
Responsibilities
Analyze client’s financial performance by comparing past performance, projections, and industry standards.
Review financial statements, assess compliance with financial covenants, renew risk ratings, and recommend changes as warranted.
Assist in underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions while adhering to all relevant policies and procedures.
Evaluate transaction and relationship risk‑adjusted profitability to facilitate capital allocation.
Build projection models for the client (as needed) based on historical performance, industry forecasts, and other due diligence findings.
Train, coach, and mentor Credit Analysts.
Pre‑screen new transactions for existing and new clients to determine credit worthiness and appropriate credit product solutions.
Analyze U.S. State and Local governmental entities’ financial statements.
Underwrite credit approval memoranda for mandated transactions, incorporating thorough credit analysis and due diligence.
Participate in ongoing documentation negotiations as required.
Required Qualifications
5+ years of experience in commercial banking, finance or credit ratings industries with significant municipal/public finance credit 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.
Proficient Microsoft Office skills.
Desired Qualifications
Municipal / Public Finance Lending or Leasing Experience.
Undergraduate degree in finance, accounting or a related field preferred.
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
Seniority Level Mid‑Senior level
Employment Type Full‑time
Job Function Finance and Sales
Industry Banking
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This role 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. You will analyze qualitative and quantitative data such as client financials, projections, industry data, covenant compliance, collateral appraisals and covenant compliance to ensure compliance with the bank’s risk appetite. You will support key internal stakeholders to achieve successful execution of new transactions and deliver integrated credit solutions to U.S. State and Local governmental entities, including public higher education.
Responsibilities
Analyze client’s financial performance by comparing past performance, projections, and industry standards.
Review financial statements, assess compliance with financial covenants, renew risk ratings, and recommend changes as warranted.
Assist in underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions while adhering to all relevant policies and procedures.
Evaluate transaction and relationship risk‑adjusted profitability to facilitate capital allocation.
Build projection models for the client (as needed) based on historical performance, industry forecasts, and other due diligence findings.
Train, coach, and mentor Credit Analysts.
Pre‑screen new transactions for existing and new clients to determine credit worthiness and appropriate credit product solutions.
Analyze U.S. State and Local governmental entities’ financial statements.
Underwrite credit approval memoranda for mandated transactions, incorporating thorough credit analysis and due diligence.
Participate in ongoing documentation negotiations as required.
Required Qualifications
5+ years of experience in commercial banking, finance or credit ratings industries with significant municipal/public finance credit 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.
Proficient Microsoft Office skills.
Desired Qualifications
Municipal / Public Finance Lending or Leasing Experience.
Undergraduate degree in finance, accounting or a related field preferred.
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
Seniority Level Mid‑Senior level
Employment Type Full‑time
Job Function Finance and Sales
Industry Banking
#J-18808-Ljbffr