Credit Analyst II / Credit Underwriter I

Job Description:

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!

Job Description:
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.

Team member is responsible for analyzing and assessing a client's credit worthiness, evaluating credit exposure, and writing credit approval memos for annual renewals and new opportunities. Key responsibilities include analyzing qualitative and quantitative information 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 timely, regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of transactions and facilities.

Performs credit analysis in support of the origination, underwriting and portfolio management process for U.S./CAN Banks and Brokers clients within GCIB.  Product focus primarily geared toward traded products and syndicated and bilateral revolving credit.  Additional exposure to Treasury/Cash Management and Leases.  Active portfolio with tight turnaround times.

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, and collaborate with team members
• Credit coverage of Banks, Broker Dealers, and Exchange Companies clients
• Manage the end-to-end credit approval process by managing analysts and the portfolio monitoring team-work flow to ensure quality of work and timeline management of deliverables.

Required Qualifications

• 3 years commercial and/or corporate banking credit to include financial analysis experience
• Experience in underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures
• Must have commercial credit analysis, financial modeling, traded products and underwriting experience
• Must have proficient Excel, Microsoft Word and Power Point skills

Desired Qualifications:

• Bachelor’s degree in finance, accounting or another related field
• Formal credit training or related certifications
• Strong foundation in finance and accounting with experience building three statement and/or cash flow financial models.

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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