Credit Analyst I/II - Global Corporate and Investment Banking - Power & Utilities

Bank of America•Charlotte, NC

5d•Onsite

About The Position

At Bank of America, the Credit Analyst I/II will join the Global Corporate and Investment Banking Power & Utilities group. The role analyzes and interprets clients’ creditworthiness, evaluates credit risks, and prepares credit approval memoranda for annual renewals and new lending opportunities. Analysts review qualitative and quantitative information—including client financial statements and projections, industry data, covenant compliance, and collateral appraisals—to ensure lending decisions align with the bank’s risk appetite. The position performs regular monitoring and underwriting work and supports internal stakeholders in executing transactions. The role also contributes to evaluating relationship and transaction profitability, building financial projections and enterprise valuations, reviewing loan and derivatives documentation, and communicating credit analysis and conclusions. Bank of America describes an in-office culture supporting collaboration, engagement, and career development, with role-specific flexibility based on responsibilities and business needs.

Requirements

Commercial and/or corporate banking credit underwriting-related experience, preferably at a bank or large financial institution.
Understanding of foundational finance and accounting concepts.
Proficient written and verbal communication skills.
Strong time-management skills and ability to manage multiple priorities.
Proficiency in Excel, including formulas and data analysis tools.
Demonstrated experience analyzing corporate financial statements, including interpreting income statements, balance sheets, and cash flow statements.
Experience producing analytical written summaries.
High school diploma, GED, secondary school education, or equivalent.

Nice To Haves

Bachelor’s degree with an emphasis in finance, accounting, or economics.

Responsibilities

Analyze client financial performance against historical results, projections, and industry standards.
Review financial statements, assess compliance with financial covenants, and renew risk ratings, recommending changes when warranted.
Assist with underwriting, credit risk analysis, negotiation, and closing of new or existing transactions in accordance with relevant policies and procedures.
Evaluate transaction and relationship risk-adjusted profitability to facilitate capital allocation.
Build client projection models as needed using historical performance, industry forecasts, and due diligence findings.
Develop financial statement forecasts and enterprise valuations.
Discuss the merits of financing transactions from credit risk and relationship perspectives.
Review legal documentation related to loans and derivatives.
Write credit memorandums summarizing analysis and conclusions.
Complete regular monitoring and underwriting tasks and support internal stakeholders in executing new transactions.