GCIB Credit Analyst I, II, or III

Bank of America•New York, NY

1d•$90,000 - $109,600•Onsite

About The Position

This job is responsible for analyzing and interpreting a client's credit worthiness, evaluating credit risks, and writing credit approval memos for annual renewals and new lending opportunities. Key responsibilities include analyzing qualitative and quantitative data such as client's financials, projections, industry data, covenant compliance, and collateral appraisals to ensure compliance with the bank's risk appetite. Job expectations include completing regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of new transactions. Performs credit analysis in support of the origination, underwriting and portfolio management process for U.S. Asset Manager and Financial Technology clients within GCIB. Product focus primarily geared toward syndicated and bilateral revolving credit and term loans at the asset manager management company and fund level. Additional exposure to Treasury/Cash Management, Traded Products, and Leases. Active portfolio with tight turnaround times through a combination of requests for new committed credit as well as amendments and/or maturity extensions for existing clients. Responsible for credit coverage support of asset manager corporate and financial technology clients in addition to fund level mutual fund redemption facility clients. Responsible for managing the end-to-end credit approval process and the portfolio monitoring teamwork flow to ensure quality of work and timeline management of deliverables. Conduct financial statement analysis, assess business and industry risks, negotiate credit agreement documentation, and prepare credit approval memorandum. Interact with colleagues across corporate banking, sales and trading, investment banking, loan syndications, and treasury sales.

Requirements

Strong accounting, financial statement analysis, and corporate finance background
Cash flow lending experience
1 year commercial and/or corporate banking credit experience
Experience in commercial credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures
Must have commercial credit analysis, financial modeling, traded products and underwriting experience
Must have proficient Excel, Microsoft Word and Power Point skills
Proficient excel, Microsoft word, power point
Interest in the asset management industry
6+ months applicable experience in commercial

Nice To Haves

Bachelor’s degree in Finance or equivalent experience
1+ years’ experience conducting business analysis, financial statement analysis, and financial modeling for corporate borrowers
Familiarity with corporate loan agreements
Familiarity with the origination, underwriting, and approval process for corporate loans

Responsibilities

Analyzes client's financial performance by comparing it to past performance, projections, and industry standards
Reviews financial statements, assesses the client's compliance with financial covenants, and renews risk ratings, while recommending changes as warranted
Assists in the underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures
Evaluates transaction and relationship risk-adjusted profitability to facilitate the allocation of capital
Build projection models for the client (as needed) based on historical performance, industry forecasts, and other due diligence findings
Conduct financial statement analysis, assess business and industry risks, negotiate credit agreement documentation, and prepare credit approval memorandum.
Interact with colleagues across corporate banking, sales and trading, investment banking, loan syndications, and treasury sales.