Credit Analyst II - Asset Based Finance - Product Delivery Portfolio - National

Bank Of America Credit Analyst II

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!

This job is responsible for analyzing and interpreting a client's credit worthiness, evaluating credit risks, and writing credit approval memos for annual renewals and new lending opportunities. 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 underwriting tasks and supporting key internal stakeholders to achieve successful execution of new transactions.

The Credit Analyst II role is responsible for working with a credit team to support the credit underwriting and/or monitoring process for new and existing clients. Responsibilities include completing credit analysis to assess a client's creditworthiness, evaluating credit risk, completing analysis in various systems, and writing financial analysis for approval and/or monitoring documents.

At this level, the analyst independently analyzes both qualitative and quantitative data, including client financials, projections, industry data, covenant compliance, collateral documentation, and adherence to policy and procedural requirements.

Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy.

Responsibilities:

• 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
• Assists in the underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures
• Evaluates transaction and relationship risk-adjusted profitability to facilitate the allocation of capital
• Build projection models for the client (as needed) based on historical performance, industry forecasts, and other due diligence findings
• Analyze client financial information to assess creditworthiness, identify and mitigate risks, evaluate collateral, and ensure compliance with regulatory requirements and internal credit policies
• Perform ongoing monitoring activities, including analysis of client financial performance and collateral positions, to proactively identify risks and trends
• Support loan structuring and execution by participating in discussions and assisting with the preparation and completion of loan documentation
• Review client requests and credit submissions to ensure accuracy, completeness, and adherence to credit policies and procedures
• Participate in client meetings and portfolio reviews to deepen understanding of the client's business, management team, and performance, while supporting internal and regulatory use of credit data

Required Qualifications:

• 1+ years of experience in credit analysis, underwriting support, or financial analysis
• Basic understanding of financial statements, cash flow analysis, and credit risk concepts
• Ability to complete routine credit analysis and monitoring tasks with accuracy and timeliness
• Experience preparing or contributing to written financial or credit analysis documentation
• Proficiency in Microsoft Excel and ability to work with financial data, financial modeling and reports

Desired Qualifications:

• Bachelor's degree in finance, Accounting, Economics, Business, or related field
• Working knowledge of financial statements and cash flow analysis and credit risk fundamentals
• Ability to complete routine credit and monitoring analyses independently with guidance on complex items
• Experience preparing written credit analysis for approval and/or monitoring
• Familiarity with commercial lending concepts, credit policy, and loan documentation

Skills:

• Analytical Thinking
• Financial Analysis
• Financial Forecasting and Modeling
• Profitability Analysis
• Research Analysis
• Attention to Detail
• Business Acumen
• Credit and Risk Assessment
• Underwriting
• Written Communications
• Collaboration
• Critical Thinking
• Portfolio Analysis
• Prioritization

Shift: 1st shift (United States of America)

Hours Per Week: 40