Credit Underwriter II or Senior

Bank of America•Houston, TX

About The Position

As an Underwriter on Bank of America’s Global Commercial Banking credit team, you will underwrite loans and related credit exposure for a portfolio of middle-market companies across a broad range of industries. The companies have annual revenues ranging from $50 million to $2 billion and are in the Houston, Texas; Dallas, Texas; and Clayton, Missouri markets. You will work closely with Relationship Management, Debt Capital Markets, Investment Banking, and other product teams to analyze lending opportunities and monitor the portfolio. The position reports to a Senior Credit Manager and works day to day with Credit Officers, fellow Underwriters, and Credit Analysts. The role includes developing strategic debt financing solutions, structuring and analyzing credit, preparing approval materials and financial models, and overseeing portfolio monitoring. You will also help ensure compliance with regulatory and internal requirements, exercise approval authority for certain credit actions, present opportunities to credit and risk leadership, and coordinate loan documentation with legal partners. Bank of America describes its culture as focused on Responsible Growth, inclusion, collaboration, career development, and supporting teammates’ physical, emotional, and financial wellness. The bank is committed to an in-office culture, with flexibility based on role responsibilities and business needs.

Requirements

BA/BS degree.
5 to 10 years of Commercial Banking underwriting experience in Middle Market, Large Corporate, or Leveraged Finance.
Proficiency in accounting principles, financial statement analysis, and financial modeling.
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.
Use credit and accounting knowledge to structure bilateral and syndicated loans that align with client needs and bank risk parameters.
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 credit 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.