Senior Credit Underwriter - Custom Lending - Global Wealth & Investment Management

Senior Credit Underwriter

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Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. 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 performing risk assessment and repayment capacity analysis (i.e., financial, borrower, industry, etc.) and preparing transaction justification for moderately complex/complex transactions with limited oversight. Key responsibilities include documenting credit analysis, independently assessing historic and projected borrower financial information, evaluating adherence to policy and procedure, providing loan structure analysis and recommendations, and monitoring portfolio performance.

The Senior Credit Underwriter (SCU) partners closely with the Credit Advisor (CA) to develop and expand custom lending relationships with strategic wealth clients. This role supports responsible and profitable loan and revenue growth while also managing a portfolio of existing credit relationships. The SCU is responsible for performing and documenting comprehensive financial analysis to support credit decisions for ultra-high-net-worth clientsincluding individuals, family offices, trusts, and specialized wealth entitiesensuring full adherence to applicable policies, procedures, and GWIM underwriting standards and guidelines.

Responsibilities:

• Evaluates credit worthiness and provides analysis and decisioning on whether a client should receive a credit facility
• Partners with Credit Officers, Relationship Management, and Risk teammates to assess and deliver credit solutions
• Monitors the client's operating performance and financial condition, proactively identifying issues and opportunities
• Delivers financial modeling, loan structure, industry, economic, and other analysis to team members to support the loan decision-making process
• Ensures adherence to credit policies, guidelines, procedures, and applicable regulatory requirements

Necessary Activities (Includes but not limited to):

• Complete Credit Approval Memos (CAMs) and modifications to secure credit approval for complex, custom loan products, including marketable securities, commercial real estate, fine art, hedge fund, yacht, unsecured, insurance, private equity, and subscription-finance facilities
• Synthesize comprehensive financial information to assess liquidity, leverage, cash flow, key risks/mitigants, and legal structures (trusts, special wealth vehicles, etc.), applying sound judgment to support appropriate credit decisions
• Distill complex issues to their core components and document findings clearly, concisely, and accurately
• Consistently apply established policies, procedures, and underwriting practices, including accurate financial spreading, risk rating, financial modeling, and required approvals.
• Provide lending guidance, structural recommendations, and policy expertise during upfront deal discussions with partners
• Review, negotiate, and refine loan structures and covenants during the documentation process based on borrower creditworthiness, collateral, and overall risk appetite.
• Proactively manage deal pipeline and ensure timely progression of new and existing transactions
• Oversee day-to-day management of assigned loan portfolio, ensuring timely and accurate execution of collateral releases, SER preparation, renewals, covenant resolution, risk-rating updates, loan modifications/waivers, and past-due remediation
• Identify opportunities to streamline workflows and recommend process improvements.
• Mentor and develop Credit Underwriters, supporting skill growth and consistent underwriting quality

Required Qualifications:

• Strong financial analysis, accounting skills, and deal structuring for borrowers with complex balance sheets and income streams
• 10+ years of commercial and/or private wealth management credit experience
• Strong negotiation and communication skills
• Proficiency in Word, Excel, and PowerPoint
• Excellent interpersonal skills and the ability to build business partnerships with risk, services, and client teams who may not be co-located

Desired Qualifications:

• Formal Credit Training and/or Commercial/Wealth Management credit experience preferred
• Bachelor's degree in business administration, finance, accounting, or economics preferred

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
• Portfolio Management

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

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 and benefits informationPay range $98,000.00 - $162,500.00 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.