Sr. Credit Underwriter - Custom Mortgage - Global Wealth & Investment Management

Bank of America•Tampa, FL

3d•Onsite

About The Position

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Requirements

3+ years of commercial or ultra-high-net-worth/complex client credit experience.
Strong familiarity with personal tax returns and financial statements.
Ability to analyze complex cash flows involving multiple income streams.
This position may be responsible for the provision of residential mortgage loans, and as such, is subject to SAFE Act registration requirements.
Pursuant to the SAFE Act requirements, all employees engaged in residential mortgage loan originations must register with the federal registry system and remain in good standing.
Employees are required to register and to submit to the required SAFE Act background check.
High School Diploma / GED / Secondary School or equivalent

Nice To Haves

Bachelor’s degree in Business Administration, Finance, Accounting, or Economics.
Formal credit training at a major U.S. financial institution.
Custom or Commercial underwriting experience

Responsibilities

Extends credit to and monitors loan portfolios of custom mortgage ultra high net worth clients.
Works closely with private banking relationship managers in providing custom mortgage solutions to meet the client’s requirements or in reviewing credit standards.
Performs all underwriting tasks for custom mortgage loan requests to ultra high net worth clients of Global Wealth and Investment Management (GWIM), which includes Private Wealth Management and Merrill.
Collaborates with client teams and credit partners to analyze personal financial statements such as balance sheets, income statements, tax returns, and liquidity statements.
Prepares customized credit approval packages, approval memos, and other standard documents, and manages the documentation process to ensure timely loan booking.
Analyzes risks, identifies mitigants, recommends risk ratings, exposure strategies, credit structures, and sponsor recommendations throughout the approval process.
Interfaces with client teams, risk management, residential real estate credit specialists, fulfillment, servicing, and legal partners to support the timely delivery of credit solutions.
Analyze and spread complex personal financial information using advanced Excel workbooks.
Identify potential risks and mitigants; escalate issues to the appropriate approver for resolution.
Manage multiple transactions simultaneously throughout the loan lifecycle, from application to booking.
Regularly communicate and collaborate with partners across multiple lines of business to ensure alignment and timely execution.