Credit Underwriter I - Commercial Real Estate Banking

Bank of America•Chicago, IL

2d•Hybrid

About The Position

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! This job is responsible for performing deal analysis, preparing supporting deal justification, and processing approvals. Key responsibilities include underwriting aspects of a credit transaction (e.g., construction debt and term debt) for all product types, performing material modifications to existing facilities, and advising the Commercial Real Estate Banking portfolio group on any post closing credit actions as needed. Job expectations may include driving operational excellence and influencing leaders, peers, and clients.

Requirements

2+ years of professional experience within a bank or financial institution, with direct, hands‑on involvement in credit underwriting, credit analysis, or commercial lending activities
Knowledge of the primary functions of the Commercial Real Estate Banking teams at Bank of America
Familiarity with core banking products
Understanding of the regulations that govern CRE lending
Solid experience in financial analysis, structuring, underwriting and portfolio management
Strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring
Credit and Risk Assessment
Financial Analysis
Underwriting
Written Communications
Analytical Thinking
Attention to Detail
Customer and Client Focus
Due Diligence
Oral Communications
Collateral Management
Interpret Relevant Laws, Rules, and Regulations
Legal Structures and Legal Forms
Loan Structuring
Prioritization

Nice To Haves

Bachelor’s degree in finance, accounting or related major
Knowledge of Bank of America products including Investment Banking, Interest Rate Hedging, and Treasury Management
Ability to leverage product expertise to deliver the best possible and optimally integrated strategic solution for the client or prospect

Responsibilities

Leads the underwriting of secured and unsecured transactions to Commercial Real Estate clients, including real estate secured construction and term debt, bridge financing, and subscription lines
Performs the requisite due diligence once a credit opportunity is mandated, preparing the approval request documents, receiving final loan approval on a timely basis, and participating in the loan closing process
Collaborates with the client, relationship coverage team, and product partners, as applicable, to facilitate timely and client-centric loan closings
Leads the end-to-end process for loan modifications and extensions on existing loans including structuring, due diligence, gaining approval, and closing
Completes Scheduled Exposure Reviews (SERs) and Risk Rating Scorecards for adversely risk rated loans for approval, and presents SERs at quarterly SER meetings

Benefits

industry-leading benefits
access to paid time off
resources and support to our employees
competitive benefits to support their physical, emotional, and financial well-being

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