Job Description:
This job is responsible for supporting credit underwriting and monitoring for new and existing clients in partnership with a credit team. Key responsibilities include completing and reviewing credit analysis, evaluating risks, reviewing work by less experienced teammates, and writing financial analysis for approval or monitoring. Job expectations include leading the process, ensuring timely and accurate analysis, and coaching teammates on credit requirements.
In addition, key responsibilities include: analyzing and interpreting a client's credit worthiness, writing credit approval memos for annual renewals and new lending opportunities, 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. As a key member of GCIB Credit, the Associate will be part of an integrated team, working with Commercial Banking and Corporate & Investment Banking covering the Technology, Media & Telecom and Gaming & Leisure sectors.
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, 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 Summer Interns
Required Qualifications:
- 3+ year experience Corporate Banking Credit experience to include financial analysis experience
- Proficient Microsoft Office skills
Desired Qualifications:
- Bachelor's Degree
- Familiarity with financial models (3 statement discounted cash flow projections) and equity research analysis
- Experience with broader portfolio analysis, ideally within the Technology, Media, Telecom and/or Gaming sectors
Skills:
- Attention to Detail
- Financial Analysis
- Underwriting
- Written Communications
- Analytical Thinking
- Credit Documentation Requirements
- Credit and Risk Assessment
- Financial Forecasting and Modeling
- Recording/Organizing Information
- Business Acumen
- Collaboration
- Collateral Management
- Loan Structuring
- Prioritization
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - CA - San Francisco - 555 California St - Bofa Center - 555 California (CA5705), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
Pay range
$102,000.00 - $166,000.00 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.
