Credit UW I, II or Senior

Bank of America • Newport Beach, CA

4d • $108,000 - $187,500 • Onsite

About The Position

At Bank of America, the Credit Underwriter works on the Global Commercial Banking credit team and underwrites 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 Newport Beach/Southern California market. The role partners closely with Relationship Management, Risk, Debt Capital Markets, Investment Banking and other product teams to analyze lending opportunities, structure transactions and monitor the portfolio. The position reports to a Senior Credit Manager and works day to day with Credit Officers, other Underwriters and Credit Analysts.

The role is based at the Newport Beach office. Bank of America describes its approach as committed to an in-office culture, with role-specific flexibility based on responsibilities and business needs. This is a first-shift position with a 40-hour workweek. The posted annual salary range is $108,000 to $187,500, with offers determined by experience, education and skill set. The role is eligible for an annual discretionary incentive plan and company benefits, including access to paid time off.

Requirements

• BA/BS degree required.
• 3 to 10 years of Commercial Banking (Middle Market, Large Corporate or Leveraged Finance) underwriting experience, depending on targeted seniority level.
• 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 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 produce loan documentation.
• Oversee quarterly monitoring exercises and requirements, including covenant compliance.

Benefits

• Industry-leading benefits.
• Access to paid time off.
• Eligibility to participate in the annual discretionary incentive plan; awards are based on individual performance and behaviors, line-of-business or group performance and contributions, and the overall success of the Company.

What This Job Offers

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