Credit UW II or Senior Credit Underwriter
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, with annual revenues ranging from $50 million to $2 billion in the Southern California Region. In close partnership with Relationship Management, Risk, Debt Capital Markets, Investment Banking, and other product teams, you will analyze lending opportunities, structure transactions, and conduct ongoing portfolio monitoring. You will report to a Senior Credit Manager and work day-to-day with Credit Officers, fellow Underwriters, and Credit Analysts.
Requirements
- BA/BS degree required.
- 5+ years of Commercial Banking (Middle Market, Large Corporate, or Leveraged Finance) underwriting experience.
- 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.
- Excellent attention to detail and commitment to accuracy.
- Ability to work in a fast-paced, deadline-driven environment.
- Ability to juggle and prioritize multiple transactions and responsibilities at a time.
Nice To Haves
- Experience with the syndicated loan execution process.
- Familiarity with asset-based lending, leasing, treasury, and other commercial banking lines of business.
- Capability to interact confidently and negotiate 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 aligned 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 own 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 produce loan documentation.
- Oversee quarterly monitoring exercises and requirements, including covenant compliance.
Benefits
- Paid time off
- Industry-leading benefits
- Access to resources and support for employees
- Eligible to participate in the annual discretionary incentive plan
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
