Commercial Credit Analyst I/II/III

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.

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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 facilitating parts of credit underwriting and monitoring for new and existing clients. Key responsibilities include completing credit analysis, evaluating risks, and writing financial analysis using various tools and systems. Job expectations include analyzing financials, projections, industry data, covenant compliance, collateral, and policy requirements to ensure alignment with the bank’s risk appetite. Responsible for managing credit activities to support underwriting of commercial credit clients (e.g., financial spreading, risk rating scorecard, covenant tests). Key responsibilities include analyzing ongoing credit and escalating to the credit team as appropriate.

Responsibilities:
• Analyzes financial statements and summarizes existing client's performance via periodic risk profile reviews
• Partners with credit and client teams both within Centralized and Regional Credit Lines of Business
• Manages risk through accurate financial spreading, risk rating, and covenant test calculations
• Expands expertise by reviewing policy and procedure thoroughly and actively participating in continuing education sessions
• Collaborates with peers to manage optimal workflow
• Identifies and escalates process breakdowns

Required Skills:
• Credit and Risk Assessment
• Financial Analysis

• Understanding of Financial Accounting Principles

• Credit Documentation Requirements
• Critical Thinking
• Prioritization
• Attention to Detail
• Business Acumen
• Decision Making
• Written Communications
• Client Management
• Recording/Organizing Information
• Analytical Thinking

Desired Skills:

• Financial Forecasting and Modeling

• Collateral Management

• Underwriting

• Financial Ratio Analysis

Minimum Education/Experience Requirement:

BA/BS Degree in Finance, Accounting, or Business Administration preferred or 1-3 years of relevant work experience.

T his position is posted as a Commercial Credit analyst I and can be filled as a Commercial Credit Analyst I, II, or III under the manager's discretion.

Shift:

1st shift (United States of America)

Hours Per Week: 

40