Credit Underwriter II-Leasing/Global Vendor Finance

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Credit Underwriter II - LeasingGlobal Vendor FinanceChicago, IllinoisAdditional locations

Apply × To proceed with your application you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Refer a friend Apply × To proceed with your application you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

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 clients 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 clients financials, projections, industry data, covenant compliance, and collateral appraisals to ensure compliance with the banks risk appetite. Job expectations include completing regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of new transactions.

Responsibilities

• Analyzes clients financial performance by comparing it to past performance, projections, and industry standards.
• Reviews financial statements, assesses the clients 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.
• Partners 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.
• Structures the terms of a lease/loan with respect to the various aspects that make up a lease/loan, e.g., pricing, rates, payment term, collateral.
• Manages the credit process for a portfolio of clients, including reviewing financial statements, assessing the clients compliance with financial covenants, confirming the accuracy of risk ratings, and recommending changes as warranted.

Required Qualifications

• 3 years commercial credit underwriting and credit analysis experience.
• Must have effective presentation, structuring, financial statement, and risk analysis skills.

Desired Qualifications

• 3 years commercial credit underwriting and credit analysis experience.
• Must have effective presentation, structuring, financial statement, and risk analysis skills.
• Bachelors degree in Finance, Accounting, or equivalent experience is 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

Learn more about this role

Apply × To proceed with your application you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Refer a friend Apply × To proceed with your application you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge

Full timeJR-26011319Manages PeopleNo TravelYes 5 of the timeAge requirement Must at least be 18 years of age.

Illinois pay and benefits information

Illinois pay range $80,000.00 - $135,000.00 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.

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