Credit Underwriter I-Leasing / Municipal Credit and Public Finance

Credit Underwriter I-Leasing / Municipal Credit And Public Finance

New York, New York; Chicago, Illinois; Providence, Rhode Island

To proceed with your application, you must be at least 18 years of age.

Job Description :

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

This job is responsible for performing risk assessment and repayment capacity analysis (i.e., financial, borrower, industry, etc.) and preparing transaction justification for complex transactions with limited supervision. Key responsibilities include documenting credit analysis, independently assessing historic and projected borrower financial information, evaluating adherence to policy and procedure, providing loan structure analysis and recommendations, and monitoring portfolio performance. This job is responsible for analyzing and interpreting a client's credit worthiness, evaluating credit and industry risks, preparing risk ratings and writing annual review credit memorandums for Banc of America Public Capital Corporation portfolio. 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 reporting tasks.

Responsibilities :

Evaluates credit worthiness and provides analysis and decisioning on whether a client should receive a credit facility

Partners with Credit Officers, Relationship Management, and Risk teammates to assess and deliver credit solutions

Monitors the client's operating performance and financial condition, proactively identifying issues and opportunities

Delivers financial modeling, loan structure, industry, economic, and other analyses to team members to support the loan decision-making process

Ensures adherence to credit policies, guidelines, procedures, and applicable regulatory requirements

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

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

Completing comprehensive analysis on client financial statements

Identifying and monitoring client and industry risk trends

Modeling transaction and relationship profitability

Reviewing legal documentation related to loans and derivatives

Writing annual reviews memorandums and risk rating justification to summarize your analysis and conclusions.

Monitoring rating agency actions and publicly available news relates & articles for impact on portfolio accounts.

May assist in the underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures

Required Qualifications :

Minimum of 2+ years of commercial credit underwriting related experience, preferably in a bank or large financial institution

Robust understanding of corporate finance and accounting concepts, experience in municipal credit / public finance a plus

Excellent writing and verbal communication skills

Effective time management skills with ability to balance multiple competing priorities

Proficiency in Microsoft Excel

Desired Qualifications :

Bachelor's degree with emphasis in finance, accounting or economics

Skills : Attention to Detail

Financial Analysis

Underwriting

Written Communications

Analytical Thinking

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity.