Bank of America Corporation

Senior Credit Underwriter / Credit Underwriter II - Global Wealth & Investment Management

Bank of America Corporation$80K — $110K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3-5+ years in commercial/private wealth management credit roles
  • Strong financial analysis and accounting skills
  • Effective negotiation and communication abilities
  • Detail-oriented with strong organizational skills
  • Proficient in Word, Excel, and PowerPoint
  • Exceptional interpersonal skills for cross-functional collaboration

Responsibilities

  • Lead the credit analysis process alongside analysts and associates
  • Collaborate with Credit Officers and Relationship Managers to address structuring needs
  • Monitor and evaluate operating performance to identify opportunities and risks
  • Deliver financial modeling and industry analyses to aid loan decision processes
  • Review junior team members' work, providing feedback and ensuring compliance
  • Possibly manage a portfolio of clients with low complexity
  • Engage in loan structure discussions and documentation with legal partners
  • Complete Credit Approval Memos for custom loan products
  • Conduct detailed marketable securities collateral analysis
  • Synthesize financial information to assess liquidity and risks
  • Manage deal pipeline to ensure timely transaction progression

Benefits

  • Comprehensive health insurance plans
  • Retirement savings options with company match
  • Professional development opportunities
  • Flexible work arrangements
  • Generous paid time off policies
  • Employee assistance programs
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 low-complexity transactions or portfolios, 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.

The GWIM Securities Based Lending Custom Credit Underwriter II (CUII) / Senior Credit Underwriter (SCU) partners closely with the Credit Advisor (CA) to develop and expand custom lending relationships with strategic wealth clients. This role supports responsible and profitable loan and revenue growth while managing a portfolio of existing, complex credit relationships. The CUII/SCU is responsible for performing and documenting comprehensive financial analysis to support credit decisions for ultra-high net worth clients-including individuals, family offices, trusts, specialized wealth entities, operating companies, and non-profit entities-while ensuring full adherence to applicable policies, procedures, and GWIM underwriting standards and guidelines.

Responsibilities:
  • Leads the credit analysis process with the support of other analysts and associates
  • Partners with Credit Officers, Relationship Management, and Risk teammates to understand structuring needs and requirements
  • Monitors operating performance and financial condition, proactively identifying issues and opportunities
  • Assists in delivery of 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
  • May have primary coverage responsibility for a portfolio of clients with limited complexity and credit approval for certain credit actions
  • Participate in loan structure conversations and completion of loan documentation with internal/external legal partners
  • Complete Credit Approval Memos (CAMs) and Modifications to secure credit approval for complex, custom loan products secured by marketable securities
  • Perform detailed marketable securities collateral analysis on stock concentrations, Control / Restricted stock, REIT Operating Units, Exchange Funds, and derivative securities
  • Synthesize comprehensive financial information to assess liquidity, leverage, cash flow, key risks/mitigants, and legal structures (trusts, special wealth vehicles, etc.), applying sound judgment to support appropriate credit decisions
  • Proactively manage deal pipeline and ensure timely progression of new and existing transactions


Required Qualifications:
  • 3 - 5+ years of commercial and/or private wealth management credit experience
  • Strong financial analysis, accounting skills, and deal structuring for borrowers with complex balance sheets and income streams
  • Strong negotiation and communication skills
  • Organized and detail oriented with ability to multi-task
  • Proficiency in Word, Excel and PowerPoint
  • Excellent interpersonal skills and the ability to build business partnerships with risk, operations, and client teams that may not be co-located


Desired Qualifications:
  • Formal Credit Training and/or Commercial/Wealth Management credit experience preferred
  • Bachelor's degree in business administration, finance, accounting or economics preferred
  • Experience with marketable securities lending preferred


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


Shift:
1st shift (United States of America)

Hours Per Week:
40

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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