Credit Underwriter I/II-Commercial Real Estate Banking

Bank of America•Los Angeles, CA

2d•$91,000 - $144,000•Onsite

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Requirements

2+ years commercial credit financial analysis and portfolio management experience
Commercial Credit Training

Nice To Haves

Bachelor’s degree in finance, accounting, economics or similar
Certificate from accredited real estate educational program
Large money center bank experience
CRE portfolio management experience

Responsibilities

Responsible for post close credit activity including documenting the conditions for pre-approved extensions and the associated legal documents.
Responsible for all monitoring and maintenance activities on an assigned portfolio including risk rating scorecards, annual sponsor/guarantor financial reviews, covenant compliance, construction monitoring, interest reserve analysis, lease reviews, loan reporting, and site inspections.
Activities associated with the minor modification of existing credits and the extension of facilities which have qualified for defined extension options.
Collateral analysis, sponsor/guarantor financial analysis, and review of related legal documents.
Credit facilities include bridge, term, and construction loans for commercial real estate developers and investors. The PMU is responsible to drive process simplification and improvement under the direction of management.