Bank of America Corporation

Senior Credit Underwriter

Bank of America Corporation$80K — $162K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 7+ years of experience in Commercial Banking Underwriting (Middle Market or Large Corporate or Leveraged Finance) with a focus on financial analysis and portfolio management.
  • Strong communication skills complemented by advanced analytical and technical skills in financial accounting and modeling.
  • Proficiency in loan structuring practices and knowledge of credit documentation requirements.

Responsibilities

  • Manages a portfolio of clients handling underwriting and monitoring for limited to moderate complexity transactions.
  • Collaborates with Relationship Management and Risk teams to assess structuring needs and requirements.
  • Provides financial modeling, loan structuring, and other analyses to facilitate loan decision-making processes.
  • Reviews and coaches junior teammates to ensure compliance with relevant laws and policies.
  • Holds credit approval authority for specific credit actions and decisions.
  • Leads discussions around loan structuring and coordinates with legal partners on loan documentation.

Benefits

  • Access to industry-leading benefits and resources.
  • Eligibility for annual discretionary incentive plans based on individual and company performance.
  • Opportunity for personal impact and contribution to business growth and community initiatives.
Full Job Description

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 independently managing transactions or portfolios of limited to moderate complexity, completing and reviewing credit analysis, evaluating risks, and writing financial analysis. Job expectations include leading the process, ensuring timely and accurate analysis, and coaching teammates on credit requirements.

Responsibilities:

  • Manages a portfolio of clients supporting underwriting and/or monitoring requirements with limited to moderate complexity

  • Independently works with Relationship Management, and Risk teammates to understand structuring needs and requirements

  • Delivers financial modeling, loan structure, industry, economic, and other analyses to team members to support the loan decision-making process

  • Reviews work of junior teammates to provide feedback/coaching and ensure compliance with laws, rules, regulations and policy procedure

  • Has credit approval for certain credit actions

  • Leads loan structure conversations and completion of loan documentation with internal/external legal partners

Skills:

  • Attention to Detail

  • Credit and Risk Assessment

  • Financial Analysis

  • Underwriting

  • Written Communications

  • Analytical Thinking

  • Credit Documentation Requirements

  • Financial Forecasting and Modeling

  • Recording/Organizing Information

  • Business Acumen

  • Collaboration

  • Collateral Management

  • Loan Structuring

  • Prioritization

Required Qualifications:

·7+ years of solid experience in Commercial Banking Underwriting (Middle Market or Large Corporate or Leveraged Finance) performing financial analysis, structuring, and portfolio management

·Strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring.

Desired Qualifications:

·Participate with RM or CO's to negotiate Credit Agreements & loan documents, as needed.

·Be knowledgeable of the closing process & timeline for all types of loans (i.e. real estate, revolvers, etc.)

·BA/BS Desired

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - MD - Baltimore - 100 International Dr - 100 International (MD9890), US - MD - North Bethesda - 11810 GRAND PARK AVE (MD9900)

Pay and benefits information

Pay range

$80,000.00 - $162,500.00 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.

About Bank of America Corporation

Bank of America Merrill Lynch is the corporate and investment banking division of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch following the acquisition of the latter by the former in January 2009. Bank of America completed the acquisition of Merrill Lynch & Co on 1 January 2009. Bank of America began rebranding all of its corporate and investment banking activities under the Bank of America Merrill Lynch name in September 2009. In April 2010, Bank of America Merrill Lynch appointed Christian Meissner as head of investment banking for Europe, Middle East and Africa. In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banking operations into a single division. In October 2013, Bank of America Merrill Lynch was recognised as the Most Innovative Investment Bank of the Year in The Banker's Investment Banking Awards.

Bank of America Corporation Careers

Join the dynamic team at Bank of America Corporation, a premier global financial institution where innovation, leadership, and growth go hand in hand. As one of the largest banks in the world, we offer unparalleled job opportunities and a culture that values diversity, inclusion, and professional growth. Work You’ll Do At Bank of America Corporation, you’ll be part of a team that’s dedicated to making a real difference. Whether you’re helping families buy their first home, advising businesses on expansion, or developing cutting-edge financial technologies, your work will have an impact. Our commitment to leadership in the financial industry has never been stronger, and we need passionate, skilled professionals to lead our journey. Explore a World of Opportunities From entry-level positions to leadership roles, Bank of America Corporation offers a variety of career paths in areas such as investment banking, technology, marketing, and risk management. Our job opportunities span the globe, providing the chance to work alongside the best in the industry and develop skills that will propel your career forward. Internship Programs Kickstart your career with Bank of America Corporation’s internship programs. These opportunities provide hands-on experience and a chance to engage in meaningful work that complements your academic studies. Interns gain invaluable networking opportunities, receive mentorship from seasoned professionals, and learn about the culture and operations of a global financial leader. Benefits and Growth Bank of America Corporation is committed to the well-being and continuous professional development of our team members. We offer a competitive benefits package that supports the health, financial stability, and work-life balance of our employees. Our training programs and development initiatives ensure that every team member has the opportunity to grow and advance within the company. Inclusive Culture We believe our strength lies in our diversity. Bank of America Corporation fosters an inclusive environment where all employees can thrive. Through diversity training and a commitment to equal opportunities, we cultivate leadership and innovation that reflect the wide-ranging communities we serve. Join Our Team Are you ready to advance your career at a company that’s at the forefront of the financial industry? Explore the positions available at Bank of America Corporation and find where your skills and interests align with our needs. We are continuously hiring and looking for individuals who are curious, creative, and eager to drive change. Stay Connected Keep up to date with the latest from Bank of America Corporation Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that match your career interests and get insider tips that can help you during your application and interview process. Bank of America Corporation is not just a company—it’s a place where you can shape your future and the future of finance. Join us and be part of a team that’s redefining what a bank can be.
Learn more about Bank of America Corporation
Size
208,000 employees
Market Cap
$260.3 billion
Industry
Net Income
$17.8 billion
Founded
1998
5 Year Trend
-1.4%
NASDAQ

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