Bank of America Corporation

Sr. Credit Underwriter - Custom Mortgage - Global Wealth & Investment Management

Bank of America Corporation$90K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3+ years of credit experience with ultra-high-net-worth clients.
  • Strong understanding of personal tax returns and financial statements.
  • Proven ability to analyze complex cash flows.
  • Bachelor's degree in Business Administration, Finance, Accounting, or Economics is preferred.
  • Formal credit training at a major financial institution is ideal.

Responsibilities

  • Analyze and spread complex personal financial information using advanced Excel.
  • Identify potential risks and recommend mitigants, escalating issues as needed.
  • Manage multiple transactions across the loan lifecycle from application to booking.
  • Communicate regularly with cross-functional partners for alignment and execution.
  • Prepare credit approval packages and manage documentation for timely loan booking.

Benefits

  • Opportunity to work with ultra-high-net-worth clients and customize mortgage solutions.
  • Exposure to complex financial analysis and risk management in a high-stakes environment.
  • Collaboration with experienced private banking relationship managers and credit partners.
Full Job Description
Job Description:

Extends credit to and monitors loan portfolios of custom mortgage ultra high net worth clients. Works closely with private banking relationship managers in providing custom mortgage solutions to meet the client's requirements or in reviewing credit standards. Possesses some loan approval authority. Three to five plus years of credit experience. Performs all underwriting tasks for custom mortgage loan requests to ultra high net worth clients of Global Wealth and Investment Management (GWIM), which includes Private Wealth Management and Merrill. This position may be responsible for the provision of residential mortgage loans, and as such, is subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential mortgage loan originations must register with the federal registry system and remain in good standing. Since this position requires SAFE Act registration, employees are required to register and to submit to the required SAFE Act background check. Failure to obtain and/or maintain SAFE Act registration may result in disciplinary action up to and including termination.

Collaborates with client teams and credit partners to analyze personal financial statements such as balance sheets, income statements, tax returns, and liquidity statements. Prepares customized credit approval packages, approval memos, and other standard documents, and manages the documentation process to ensure timely loan booking. The ideal candidate can analyze risks, identify mitigants, recommend risk ratings, exposure strategies, credit structures, and sponsor recommendations throughout the approval process. This role interfaces with client teams, risk management, residential real estate credit specialists, fulfillment, servicing, and legal partners to support the timely delivery of credit solutions.

Responsibilities:
  • Financial Analysis Analyze and spread complex personal financial information using advanced Excel workbooks.
  • Risk Assessment Identify potential risks and mitigants; escalate issues to the appropriate approver for resolution.
  • Deal Management Manage multiple transactions simultaneously throughout the loan lifecycle, from application to booking.
  • Cross-Functional Communication Regularly communicate and collaborate with partners across multiple lines of business to ensure alignment and timely execution.


Required Qualifications
  • 3+ years of commercial or ultra-high-net-worth/complex client credit experience.
  • Strong familiarity with personal tax returns and financial statements.
  • Ability to analyze complex cash flows involving multiple income streams.


Desired Qualifications
  • Bachelor's degree in Business Administration, Finance, Accounting, or Economics.
  • Formal credit training at a major U.S. financial institution.
  • Custom or Commercial underwriting experience


Skills:
  • Analytical Thinking
  • Financial Analysis
  • Financial Forecasting and Modeling
  • Profitability Analysis
  • Attention to Detail
  • Business Acumen
  • Credit and Risk Assessment
  • Underwriting
  • Written Communications
  • Collaboration
  • Critical Thinking
  • Portfolio Analysis
  • Prioritization
  • Technical Documentation


Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

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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