Commercial Credit Underwriter I-II - For Profit Healthcare
New York, New York;Nashville, Tennessee; Newport Beach, California; San Francisco, California; Boston, Massachusetts
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. 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. Join us!
Job Description:
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 For-Profit Healthcare Credit team is seeking an Underwriter II. This role will specifically support credit activity for the Commercial Banking Healthcare team in the Northeast Region, serving a broad ranges of clients with annual revenue ranging from $50MM to $2B as well as emerging growth pre-revenue companies.
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
Required Skills:
3+ years of solid experience in financial analysis, structuring, underwriting and portfolio management, strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring in Commercial Banking
Analytical/technical skills, including financial accounting, and modeling
Strong communication skills; ability to communicate vertically, horizontally, and externally
Experience in financial analysis and portfolio management
Desired Skills:
BS/BA degree and 2-3 years of credit analystexperience preferred
Experience in the healthcare sector preferred
Skills:
Credit and Risk Assessment
Financial Analysis
Underwriting
Attention to Detail
Written Communications
Financial Forecasting and Modeling
Recording/Organizing Information
Credit Documentation Requirements
Analytical Thinking
Collateral Management
Loan Structuring
Business Acumen
Collaboration
Prioritization
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 - CA - Newport Beach - 520 Newport Center Dr - Newport Beach 520 Ncd (CA6814), US - CA - San Francisco - 555 California St - Bofa Center - 555 California (CA5705), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
Pay range
$81,600.00 - $155,000.00 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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This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
