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$88k–$188k/yr
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Skills: Credit and Risk Assessment, Financial Analysis, Underwriting, Written Communications, Analytical Thinking
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Sign up with Clera and we'll reach out the moment a role actually fits you — no more spraying applications into the void.
$88k–$188k/yr
Full-time
bachelor degree
Paid Time Off, Discretionary Incentive Plan, Health and Wellness Benefits
Posted 14d ago
~40 hrs/week
Responsibilities
Responsible for underwriting loans and credit exposure for middle market companies with revenues between $50 million and $2 billion. This includes performing risk assessments, constructing financial models, and managing the credit approval process.
Requirements
Requires a BA/BS degree and 3 to 10 years of commercial banking underwriting experience. Candidates must be proficient in financial modeling, accounting principles, and credit documentation.
Full job description
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 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!
Job Description: As an Underwriter on the Global Commercial Banking credit team, you will be responsible for underwriting loans and related credit exposure for a portfolio of middle market companies across a broad range of industries with annual revenues ranging from $50 million to $2 billion in the San Francisco / Greater Bay Area market. Working in close partnership with Relationship Management, Debt Capital Markets, Investment Banking and other product teams, you will analyze lending opportunities and perform ongoing portfolio monitoring. You will report to a Senior Credit Manager and work day-to-day with a team of Credit Officers, fellow Underwriters and Credit Analysts.
Responsibilities:
Partner with credit teammates, relationship management and product teams to develop strategic debt financing solutions
Employ credit and accounting knowledge to structure bilateral and syndicated loans aligned with client needs and bank risk parameters
Analyze ancillary credit exposure for treasury, rates and foreign exchange products
Perform due diligence and dynamic risk assessments of borrowers, industries and transactions
Create credit approval packages and own the credit approval process from initiation through final decision
Construct detailed financial cash flow and repayment models, including sensitivity analyses
Complete enterprise value (discounted cash flow), pricing, returns and risk rating models
Ensure adherence to regulatory and internal policies and procedures
Exercise approval authority for certain credit actions
Present well supported opportunities to credit and risk leadership
Partner with internal and external legal partners to complete loan documentation
Oversee quarterly monitoring exercises and requirements
Skills:
Attention to Detail
Credit and Risk Assessment
Financial Analysis
Underwriting
Written Communications
Analytical Thinking
Credit Documentation Requirements
Financial Forecasting and Modeling
Recording/Organizing Information
Business Acumen
Collaboration
Collateral Management
Loan Structuring
Prioritization
Required Qualifications:
BA/BS degree required
3 to 10 years of Commercial Banking (Middle Market, Large Corporate or Leveraged Finance) underwriting experience
Proficiency in accounting principles, financial statement analysis and financial modeling
Solid foundation in credit analysis, including evaluation of business risk, industry trends and capital structures
Understanding of credit documentation, including term sheets, credit agreements and ancillary agreements (e.g. security, guarantee and intercreditor agreements)
Strong written and verbal communication skills
Unwavering attention to detail and accuracy
Ability to work in a fast paced, deadline driven environment
Ability to juggle and prioritize multiple transactions and responsibilities at a time
Desired Qualifications:
Experience with the syndicated loan execution process
Knowledge of derivative products and documentation (i.e. ISDA agreements)
Capability to conduct negotiations with clients
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - CA - San Francisco - 555 California St - Bofa Center - 555 California (CA5705)Pay and benefits informationPay range$88,000.00 - $187,500.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company serves approximately 56 million U.S. consumer and small business relationships. It is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading.
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Offices: 100 North Tryon Street, Charlotte, NC 28202, US · 16001 Dallas Pkwy, Addison, TX 75001, US · 3123 N Scottsdale Rd, Scottsdale, AZ 85251, US · 135 S La Salle St, Chicago, IL 60603, US · 500 W 7th St, Fort Worth, TX 76102, US