Sr Credit Underwriter / Underwriter II-Leasing / Municipal Credit and Public Finance

Sr Credit Underwriter / Underwriter II-Leasing / Municipal Credit and Public Finance

New York, New York;Chicago, Illinois; Boston, Massachusetts; Providence, Rhode Island; Charlotte, North Carolina

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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.

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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!

Job Description :

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. This position is responsible for the delivery of integrated credit solutions to US State and Local governmental entities, including public higher education. Partner closely with client-facing teammates to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client. Key responsibilities include underwriting and negotiating new transactions, partnering with client-facing teammates to consult on sales opportunities, and providing the product expertise to deliver effective client solutions. Partner closely with client-facing teammates to provide the product expertise and consultation necessary to deliver the best possible solution to the client. Proactively partners with client teams to plan key credit relationship strategy focusing on balance of risk and reward. Directly accountable for managing credit quality and the approval process through interaction with Risk Management Officers.

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

Builds projection models for the client (as needed) based on historical performance, industry forecasts, and other due diligence findings

Trains, coaches, and mentors Credit Analysts

Pre-screen new transactions for existing and new clients to determine credit worthiness and appropriate credit product solutions.

Analyzing US State and Local governmental entities' financial statements.

Responsible for underwriting credit approval memoranda for mandated transactions, incorporating thorough credit analysis and due diligence.

Participates in ongoing documentation negotiations as required.

Required Qualifications :

5+ years of experience in commercial banking, finance or credit ratings industries with significant municipal / public finance credit experience.

Experience in the analysis and structuring of complex transactions

Strong credit and risk analysis skills

Strong presentation, structuring and financial statement analysis skills

Proven ability to analyze, interpret and negotiate third party documentation

Proven ability to identify trends and emerging risks in underwriting and client selection

Proficient Microsoft Office skills

Desired Qualifications :

Municipal / Public Finance Lending or Leasing Experience

Undergraduate degree in finance, accounting or related field preferred.

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

Technical Documentation

Shift :

1st shift (United States of America)

Hours Per Week : 40

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, 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.

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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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.

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