Credit UW II or Senior Credit Underwriter

Bank of America • Newport Beach, CA

4d • $108,000 - $187,500 • Onsite

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 partnership with Relationship Management, Risk, Debt Capital Markets, Investment Banking and other product teams, you will analyze lending opportunities, structure transactions and monitor the portfolio. The role reports to a Senior Credit Manager and works day-to-day with Credit Officers, fellow Underwriters and Credit Analysts.

The position is based at the Newport Beach, California office and is a first-shift role for 40 hours per week. The stated annual salary range is $108,000 to $187,500, with offers based on experience, education and skill set. The role is eligible for an annual discretionary incentive plan and benefits, including access to paid time off. Bank of America describes an in-office culture designed to support collaboration, engagement and career development, with flexibility depending on role responsibilities and business needs.

Requirements

• Bachelor of Arts or Bachelor of Science degree.
• At least 5 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.
• 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.

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.
• 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 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

• Eligible for an annual discretionary incentive award based on individual performance and behaviors, line-of-business or group performance and contributions, and overall company success.
• Benefits eligible; benefits include access to paid time off.
• The company describes its benefits as affordable, competitive and flexible and says it supports employees’ physical, emotional and financial wellness.

What This Job Offers

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