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Commercial Credit Underwriter II

Location
Missouri
Job Type
Permanent
Posted
2 Sep 2022
Commercial Credit Underwriter II

Chicago, Illinois;Clayton, Missouri

Job Description:

This role typically works on most complex clients/deals and performs underwriting analysis (i.e. financial, borrower, industry, etc), prepares supporting deal justification (i.e. CAM), is responsible for initial data entry for pricing and profitability tool, ensures data quality of credit related client & deal information (NAICS, collateral, pricing, guarantees, terms/conditions, regulatory -i.e. CRA, etc.) and provides recommendation to Credit Officer on deal structure & approval (based on level/experience). May coach or mentor others on team. Typically has 1-2 years of credit analyst experience and Bachelors degree required; financial/accounting/economics degree (or experience with financial documents) preferred.

Bank of America's Healthcare Education and Not For Profit (HENFP) banking group is seeking an Underwriter. HENFP is part of the Commercial Bank and supports the financial needs of a variety of 501c3 not for profit clients including healthcare, private universities, colleges and K-12 schools, cultural, professional and social service organizations. This position can be based in Dallas, Houston, Austin or St Louis.

Responsibilities:

The Commercial Credit Underwriter (UW) is responsible for underwriting and structuring of straightforward and complex credit transactions with minimal oversight from the Credit Officer (CO) or Commercial Credit Manager (CCM) and also approves credit transactions with some coaching from the CO/CCM based on approval grid. The UW leads the credit approval process with assistance from the CCM as needed for clients without CO coverage and is an active participant with the CO in credit approval process for complexclients/transactions.UWs may call on credit clients and prospects in partnership or independently with the Relationship Manager (RM) and/or CO as appropriate. Provides ongoing management and primary accountability for all monitoring and maintenance activities on an assigned portfolio or market, including a higher composition of complex client relationships. UWs have accountability for delivering accurate and consistent data. They monitor clients operating performance and financial condition to proactively identify risks, issues and opportunities. They deliver financial, industry, economic and other analysis to facilitate decision making, while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements. The UW's provide ongoing coaching and support to other Credit Products team members, as applicable. They report to the Commercial Credit Manager (CCM) and partner closely with COs.

Required Skills:

General qualifications include:
  • BS/BA degree
  • 5+ years of solid experience in financial analysis, structuring, underwriting and portfolio management
  • Strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring
Desired Skills:
  • Participate with RM or CO's to negotiate Credit Agreements & loan documents, as needed.
  • Be knowledgeable of the closing process & timeline for all types of loans (i.e. real estate, revolvers, etc.)
  • Candidates could be hired as an UW I or II depending on skills and experience
Job Band:

H4

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

M-F, 8-5pm

Referral Bonus Amount:

0

Job Description:

This role typically works on most complex clients/deals and performs underwriting analysis (i.e. financial, borrower, industry, etc), prepares supporting deal justification (i.e. CAM), is responsible for initial data entry for pricing and profitability tool, ensures data quality of credit related client & deal information (NAICS, collateral, pricing, guarantees, terms/conditions, regulatory -i.e. CRA, etc.) and provides recommendation to Credit Officer on deal structure & approval (based on level/experience). May coach or mentor others on team. Typically has 1-2 years of credit analyst experience and Bachelors degree required; financial/accounting/economics degree (or experience with financial documents) preferred.

Bank of America's Healthcare Education and Not For Profit (HENFP) banking group is seeking an Underwriter. HENFP is part of the Commercial Bank and supports the financial needs of a variety of 501c3 not for profit clients including healthcare, private universities, colleges and K-12 schools, cultural, professional and social service organizations. This position can be based in Dallas, Houston, Austin or St Louis.

Responsibilities:

The Commercial Credit Underwriter (UW) is responsible for underwriting and structuring of straightforward and complex credit transactions with minimal oversight from the Credit Officer (CO) or Commercial Credit Manager (CCM) and also approves credit transactions with some coaching from the CO/CCM based on approval grid. The UW leads the credit approval process with assistance from the CCM as needed for clients without CO coverage and is an active participant with the CO in credit approval process for complexclients/transactions.UWs may call on credit clients and prospects in partnership or independently with the Relationship Manager (RM) and/or CO as appropriate. Provides ongoing management and primary accountability for all monitoring and maintenance activities on an assigned portfolio or market, including a higher composition of complex client relationships. UWs have accountability for delivering accurate and consistent data. They monitor clients operating performance and financial condition to proactively identify risks, issues and opportunities. They deliver financial, industry, economic and other analysis to facilitate decision making, while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements. The UW's provide ongoing coaching and support to other Credit Products team members, as applicable. They report to the Commercial Credit Manager (CCM) and partner closely with COs.

Required Skills:

General qualifications include:
  • BS/BA degree
  • 5+ years of solid experience in financial analysis, structuring, underwriting and portfolio management
  • Strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring
Desired Skills:
  • Participate with RM or CO's to negotiate Credit Agreements & loan documents, as needed.
  • Be knowledgeable of the closing process & timeline for all types of loans (i.e. real estate, revolvers, etc.)
  • Candidates could be hired as an UW I or II depending on skills and experience
Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-

Band: H4

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Anthony Picano

Referral Bonus:

0

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, 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 and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE () .

To view the "EEO is the Law" Supplement, CLICK HERE () .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE .

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Details

  • Job Reference: 702596697-2
  • Date Posted: 2 September 2022
  • Recruiter: Bank of America
  • Location: Missouri
  • Salary: On Application
  • Sector: Insurance & Superannuation
  • Job Type: Permanent