Credit Underwriter

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. Job Description This job is responsible for supporting credit underwriting and monitoring for new and existing clients in partnership with a credit team. Leads the credit analysis process with the support of other analysts and associates Partners with Credit Officers, Relationship Management, and Risk teammates to understand structuring needs and requirements Monitors operating performance and financial condition, proactively identifying issues and opportunities Assists in delivery of financial modeling, loan structure, industry, economic, and other analyses to team members to support the loan decision-making process Participates in loan structure conversations and completion of loan documentation with internal/external legal partners Evaluate and analyze new and modified credit exposures, including detailed assessments of collateral, market fundamentals, sponsorship strength, guarantor support, and other relevant risk factors to support credit recommendations Partner with Credit Officers in the preparation of screening memoranda, transaction structuring discussions, and term sheet development Lead due diligence efforts and coordinate data collection and analysis for new credit originations Prepare credit approval documentation and manage the transaction closing process from approval through execution Support the origination, renewal, modification, and extension of credit facilities, including transactions involving maturity extensions, commitment increases, covenant amendments, and other material changes Complete risk rating assessments, financial analysis, profitability modeling, and other underwriting activities required to support credit decisions Ensure compliance with internal credit policies, procedures, and regulatory requirements throughout the underwriting and approval process Required Qualifications: 3+ yrs of experience in commercial real estate finance, with experience at a financial institution strongly preferred. Strong credit, financial, and analytical skills, with the ability to identify key risks and mitigating factors. Proficiency with financial analysis tools, underwriting systems, and Microsoft Office applications, with the aptitude to learn new technologies quickly. Desired Qualifications: Bachelor's degree in Finance, Accounting, Real Estate, Business, or a related field preferred. Attention to Detail Financial Analysis Underwriting Written Communications Analytical Thinking Credit Documentation Requirements Credit and Risk Assessment Financial Forecasting and Modeling Recording/Organizing Information Business Acumen Collaboration Collateral Management Loan Structuring Prioritization Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110) Pay range $95,000.00 - $125,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible: This 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. Benefits: This 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. Privacy Statement: Company Culture At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve. Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates. Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success. Our Values Learn about our four values that represent what we believe. Pay Transparency #J-18808-Ljbffr