Credit Underwriter I-II and Senior
Bank of America•Los Angeles, CA
•$88,000 - $187,500•Onsite
About The Position
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 varying degrees complexity, completing and reviewing collateral analysis, evaluating risks, and writing analysis. Job expectations include leading the process, ensuring timely and accurate analysis, and coaching teammates on collateral monitoring requirements.
Requirements
- 3+ years of solid experience in Commercial Banking (Middle Market or Large Corporate or Leveraged Finance) underwriting, performing financial analysis, structuring, and portfolio management
- Strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring.
- Strong experience monitoring and analyzing changes in transactions and portfolios over time, including identifying trends or issues that may impact credit quality.
- Strong experience reconciling financial statements and supporting documentation, investigating discrepancies or unusual activity and ensuring reporting complies with credit agreements.
- Strong experiences communicating directly with borrowers to clarify data and resolve issues and requesting additional reporting or backup documentation as needed
Nice To Haves
- 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
Responsibilities
- Manages a portfolio of clients supporting underwriting and/or monitoring requirements of varying degrees complexity
- Independently works with Relationship Management, Credit and Risk teammates to understand structuring needs and requirements
- Delivers collateral, loan structure 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 collateral monitoring, loan structure conversations and completion of loan documentation with internal/external legal partners
Benefits
- Discretionary incentive eligible
- Eligible for annual discretionary award based on performance
- Industry-leading benefits
- Access to paid time off
- Resources and support
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
Associate degree
