Senior Credit Underwriter/Underwriter II-LIHTC

Bank of America • Los Angeles, CA

2d • $125,000 - $175,000 • Onsite

About The Position

At Bank of America, the Senior Credit Underwriter supports credit underwriting and monitoring for new and existing clients in partnership with a credit team. The role independently manages transactions or portfolios of limited to moderate complexity, completes and reviews credit analysis, evaluates risk, and prepares financial analysis. It leads the underwriting process, ensures analysis is timely and accurate, and coaches teammates on credit requirements.

The CREB Senior Underwriter performs deal analysis, prepares supporting justification, and processes approvals, applying relevant policies and regulations to transactions. As a senior contributor on a CREB market team, the underwriter works with Credit Officer teams in an assigned market and manages a portfolio of clients. The role reports to a CREB Senior Credit Product Manager and partners with a Credit Officer to underwrite and close new commercial real estate transactions, modify existing facilities, and advise the CREB portfolio group on post-closing credit actions. The underwriter is responsible for underwriting all aspects of transactions, including construction debt, non-FHA permanent debt, and equity across product types.

The role is based at one of the listed Bank of America locations in Los Angeles or San Francisco. It is first shift and scheduled for 40 hours per week. The listed annual salary range is $125,000–$175,000, with offers based on experience, education, and skill set. The role is eligible for an annual discretionary incentive plan and benefits, including paid time off.

Requirements

• At least 5 years of commercial real estate-related experience.
• Ability to gather and analyze market and portfolio information.
• Solid experience in financial analysis, structuring, underwriting, and portfolio management.
• Strong analytical and technical skills, including financial accounting, modeling, and loan structuring.
• Attention to detail, credit and risk assessment, financial analysis, underwriting, written communication, analytical thinking, credit documentation, financial forecasting and modeling, information organization, business acumen, collaboration, collateral management, loan structuring, and prioritization skills.

Nice To Haves

• Bachelor’s degree in Finance or a related field.

Responsibilities

• Manage a portfolio of clients and support underwriting and monitoring requirements for transactions of limited to moderate complexity.
• Work independently with Relationship Management and Risk teammates to understand structuring needs and requirements.
• Provide financial modeling, loan structure, industry, economic, and other analyses to support loan decisions.
• Review junior teammates’ work, provide feedback and coaching, and help ensure compliance with applicable laws, rules, regulations, and policies and procedures.
• Exercise credit approval for certain credit actions.
• Lead loan-structure discussions and coordinate completion of loan documentation with internal and external legal partners.
• Analyze new deals and prepare supporting justification and credit approval documents.
• Support the Credit Officer with DSM, term sheets, and loan closings.
• Prepare CAMs and conduct collateral analysis.
• Enter and capture data for new originations.
• Underwrite all aspects of transactions, including construction debt, non-FHA permanent debt, and equity across product types.
• Advise the CREB portfolio group on post-closing credit actions as needed.

Benefits

• Industry-leading benefits; specific benefit types are not detailed.
• Access to paid time off.
• Eligible to participate in the annual discretionary incentive plan, subject to individual, line-of-business or group, and company performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed