Job Description:This job is responsible for supporting end-to-end credit underwriting and monitoring processes for new and existing clients. Key responsibilities include completing credit analysis, evaluating risks, and writing financial analysis using various tools and systems. Job expectations include analyzing financials, projections, industry data, covenant compliance, collateral, and policy requirements to ensure alignment with the bank's risk appetite.
Analyst role for the Leveraged Acquisition Finance team, which advises, underwrites, and executes both broadly syndicated event-driven leveraged finance transactions and investments for Bank of America's $25 billion private credit investment strategy.
Responsibilities:- Analyzes client financial information, identification/mitigation of potential risks, compliance with regulatory requirements and evaluation of collateral in determination of credit worthiness
- Completes monitoring activities via analysis of clients' financial performance and collateral evaluation to ensure appropriate requirements are met
- Listens in to client meetings to develop a deeper understanding of the client's business, management team, and past and future performance
- Reviews completed client requests to ensure compliance with policy and procedures
- Understands how credit data is used internally and provided to regulatory partners
- Assists with periodic portfolio reviews
- Responsibility for the underwriting, risk / reward analysis, negotiation, approval and closing of new transactions, while adhering to all relevant policies and procedures
- Analyzes client's financial performance by comparing it to past performance, projections, and industry standards
- Evaluates transaction and relationship risk-adjusted profitability to facilitate the allocation of capital
- Builds granular multi-scenario LBO and DCF projection models based on historical performance, industry forecasts, and other due diligence findings
- Conducts due diligence with Sponsor and Corporate clients
- Creation of ad-hoc PowerPoint-based analyses in support of live deals and investments
Required Qualifications:- Experience in financial analysis and financial modeling within leveraged finance, capital markets, investment banking, private credit, private equity, or similar analytical environments
- Hands-on experience building financial models, with the ability to explain key assumptions, outputs, and downside considerations to executive level leadership
- Experience quantifying downside risk on a pro forma basis using financial statements, consulting reports, client projections, and transaction-level due diligence
- Exposure to leveraged finance and private credit investing concepts, including cash flow analysis, leverage, and varied debt structures
- Working knowledge of LBO modeling, including ability to do a bottoms-up build of a model, familiarity with structure, key drivers, and sensitivities
- Able to efficiently work on multiple live deals simultaneously with minimal oversight
Desired Qualifications:- Bachelor's degree in finance, accounting, economics, or a related field
- Prior experience with leveraged loan, acquisition financing, or private credit transactions
- Experience working on live deals in investment banking, private credit, or capital markets
- Experience conducting complex investment return analyses
- Ability to independently navigate credit agreements and other relevant debt documents
- Proficiency in explaining complex deal and debt-related concepts clearly and concisely to stakeholders, and clients as necessary
Skills:- Analytical Thinking
- Credit Documentation Requirements
- Financial Analysis
- Loan Structuring
- Relationship Building
- Active Listening
- Attention to Detail
- Collaboration
- Underwriting
- Written Communications
- Business Process Analysis
- Data and Trend Analysis
- Issue Management
- Recording/Organizing Information
- Research
Shift:1st shift (United States of America)
Hours Per Week: 40
Pay Transparency detailsUS - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
Pay range
$110,000.00 - $125,000.00 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.
