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.

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 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'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.  Associates will be deeply involved with underwriting, structuring and documenting financial solutions to meet client credit needs related to working capital loans, M&A financing, hedging, leasing and treasury

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
• Completing comprehensive analysis on client financial statements
• Identifying and monitoring client and industry risk trends
• Developing financial statement forecasts and enterprise valuations
• Modeling transaction and relationship profitability
• Discussing the merits of financing transactions from a credit risk and relationship perspective
• Reviewing legal documentation related to loans and derivatives
• Writing credit memorandums to summarize your analysis and conclusions
• Training and mentoring Credit Analysts
• Assisting Credit Officers with structuring, underwriting and documenting credit solutions for clients and with managing client relationships

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
• 3+ 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:

Hours Per Week: 

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