Credit Underwriter I-II or Senior

Bank of America • Houston, TX

5d • Onsite

About The Position

At Bank of America, the Global Commercial Banking credit team underwrites loans and related credit exposure for a portfolio of middle-market companies across a broad range of industries, with annual revenues ranging from $50 million to $2 billion in the Houston, Texas; Dallas, Texas; and Clayton, Missouri markets. The role partners closely with Relationship Management, Debt Capital Markets, Investment Banking, and other product teams to evaluate lending opportunities and monitor the portfolio. The underwriter reports to a Senior Credit Manager and works day to day with Credit Officers, fellow Underwriters, and Credit Analysts.

Bank of America describes its purpose as helping make financial lives better through the power of every connection and driving Responsible Growth. The company emphasizes an inclusive, caring workplace, career development, collaboration, and teammate wellness. It is committed to an in-office culture, with role-specific flexibility based on responsibilities and business needs.

Requirements

• Bachelor of Arts or Bachelor of Science degree.
• Three to ten years of Commercial Banking underwriting experience in Middle Market, Large Corporate, or Leveraged Finance.
• Proficiency in accounting principles, financial statement analysis, and financial modeling.
• A solid foundation in credit analysis, including evaluation of business risk, industry trends, and capital structures.
• Understanding of credit documentation, including term sheets, credit agreements, and ancillary agreements such as security, guarantee, and intercreditor agreements.
• Strong written and verbal communication skills.
• Unwavering attention to detail and accuracy.
• Ability to work in a fast-paced, deadline-driven environment.
• Ability to juggle and prioritize multiple transactions and responsibilities.

Nice To Haves

• Experience with the syndicated loan execution process.
• Knowledge of derivative products and documentation, such as ISDA agreements.
• Capability to conduct negotiations with clients.

Responsibilities

• Partner with credit teammates, relationship management, and product teams to develop strategic debt financing solutions.
• Structure bilateral and syndicated loans aligned with client needs and bank risk parameters, applying credit and accounting knowledge.
• Analyze ancillary credit exposure for treasury, rates, and foreign exchange products.
• Perform due diligence and dynamic risk assessments of borrowers, industries, and transactions.
• Create credit approval packages and manage the approval process from initiation through final decision.
• Construct detailed financial cash flow and repayment models, including sensitivity analyses.
• Complete enterprise value (discounted cash flow), pricing, returns, and risk rating models.
• Ensure adherence to regulatory and internal policies and procedures.
• Exercise approval authority for certain credit actions.
• Present well-supported opportunities to credit and risk leadership.
• Partner with internal and external legal partners to complete loan documentation.
• Oversee quarterly monitoring exercises and requirements.

Benefits

• The company describes its benefits as affordable, competitive, and flexible, and says it supports teammates’ physical, emotional, and financial wellness.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level