Standard Channel Underwriter I,II and Senior
About The Position
At Bank of America, the Standard Channel Underwriter supports underwriting and monitoring in a high-volume national workflow queue. The role independently works with Relationship Managers and Solutions Advisors to understand structuring needs and requirements, and provides financial modeling, loan structure, industry, economic, and other analyses to support loan decision-making. Underwriters have single signature authority for certain credit transactions. The position is based at Bank of America Tower Chicago in Chicago, Illinois. It is a first-shift role with 40 hours per week. The stated annual salary range is $72,000 to $150,000, with offers determined based on experience, education, and skill set. The role is eligible for an annual discretionary incentive plan and employee benefits.
Requirements
- At least 2 years of solid Commercial Banking experience.
- Experience in financial analysis, structuring, and underwriting.
- Analytical and technical skills, including financial accounting, modeling, and loan structuring.
- Strong communication skills, including the ability to communicate vertically, horizontally, and externally.
- Industry knowledge across multiple sectors.
- High School Diploma, GED, Secondary School, or equivalent.
- Attention to detail, credit and risk assessment, financial analysis, underwriting, written communications, analytical thinking, financial modeling, recording and organizing information, business acumen, collaboration, collateral management, loan structuring, and prioritization.
Responsibilities
- Support underwriting and monitoring in a high-volume national workflow queue.
- Independently work with Relationship Managers and Solutions Advisors to understand structuring needs and requirements.
- Provide financial modeling, loan structure, industry, economic, and other analyses to support the loan decision-making process.
- Exercise single signature authority for certain credit transactions.
Benefits
- Access to paid time off.
- Industry-leading benefits and resources and support for employees.
- Eligibility for an annual discretionary incentive award based on individual performance and behaviors, line of business and/or group contributions, and overall company success.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
