Municipal Credit and Public Finance

Bank of America Corporation•New York, NY

55d

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. This position is responsible for the delivery of integrated credit solutions to US State and Local governmental entities, including public higher education. Partner closely with client-facing teammates to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client. Key responsibilities include underwriting and negotiating new transactions, partnering with client-facing teammates to consult on sales opportunities, and providing the product expertise to deliver effective client solutions. Partner closely with client-facing teammates to provide the product expertise and consultation necessary to deliver the best possible solution to the client. Proactively partners with client teams to plan key credit relationship strategy focusing on balance of risk and reward. Directly accountable for managing credit quality and the approval process through interaction with Risk Management Officers.

Requirements

5+ years of experience in commercial banking, finance or credit ratings industries with significant municipal/public finance credit experience.
Experience in the analysis and structuring of complex transactions
Strong credit and risk analysis skills
Strong presentation, structuring and financial statement analysis skills
Proven ability to analyze, interpret and negotiate third party documentation
Proven ability to identify trends and emerging risks in underwriting and client selection
Proficient Microsoft Office skills

Nice To Haves

Municipal / Public Finance Lending or Leasing Experience
Undergraduate degree in finance, accounting or related field preferred.

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
Builds projection models for the client (as needed) based on historical performance, industry forecasts, and other due diligence findings
Trains, coaches, and mentors Credit Analysts
Pre-screen new transactions for existing and new clients to determine credit worthiness and appropriate credit product solutions.
Analyzing US State and Local governmental entities' financial statements.
Responsible for underwriting credit approval memoranda for mandated transactions, incorporating thorough credit analysis and due diligence.
Participates in ongoing documentation negotiations as required.