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.
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Job Description:
This job is responsible for analyzing, underwriting, and approving credit solutions for new and existing commercial and small business clients. Key responsibilities include exercising approval authority using discretion that is in line with business (or product) guidelines and risk tolerance and negotiating with the client team on credit terms, performing full underwriting analysis, and preparing deal justification. Job expectations include serving as the point of contact for driving commercial and small business credit solutions for the client.
The Enterprise Credit Treasury Lending team (ECTL) is responsible for underwriting Treasury and Card facilities for Treasury/Card only clients in Middle Market, Business Banking, HENFP, HTSR, CREB, DFS, and GWIM. The ECTL Analyst (Analyst) is responsible for tasks related to the commercial treasury credit process. The Analyst role is the first point of engagement for the client team for new and increase treasury credit requests and is responsible for ensuring timely and consistent execution of the commercial credit process for new/increase requests and renewals. Responsibilities include initial new/increase request review, determining if the request is appropriate for handling by ECTL, confirmation that appropriate financial statements have been submitted for a request, entering new, increase, and renewals into Credit Center or GUS underwriting platforms, assigning deals to Approval Officers, handling a queue of renewals ensuring that all documentation is in place for assignment to an Approval Officer, engaging with the client team on new/increase requests, responding to inquiries via the ECTL team mailbox, , and other items related to the end to end credit process.
Responsibilities:
• Analyzes, underwrites, and approves credit solutions for existing and new clients and approves credit requests in accordance with the applicable credit approval grid
• Conducts analysis including financial spreads, risk rating scorecards, industry assessment, and cash flow
• Ensures underwriting complies with bank credit policy and procedures
• Partners with client facing and internal colleagues to structure transactions and align on the best solution for the client
• Ensures data quality of credit related client and deal information
Required Skills:
• Three years experience in the financial services industry, specifically related to commercial banking
• Ability to review financial statements to determine audit quality and relation to borrower
• Strong, professional communication skills and client team presence
• Organizational and time management skills
• Exceptional sense of urgency
• Delivery of world class client experience; customer service focus
• Attention to detail and able to execute in a fast paced environment
• Responsive to client team needs
• Proven self-motivator with the ability to effectively prioritize work
• Ability to coordinate with multiple points of contact (internal and external)
Desired Skills:
• BA/BS degree; Business degree preferred
• Project management experience
• Prior credit administration experience (or similar)
• Understanding of commercial credit
• Proficiency in technology, including Microsoft applications
Skills:
• Credit and Risk Assessment
• Financial Analysis
• Credit Documentation Requirements
• Underwriting
• Customer and Client Focus
• Recording/Organizing Information
• Collateral Management
• Attention to Detail
• Business Acumen
• Decision Making
• Collaboration
• Data Management
• Oral Communications
• Prioritization
• Written Communications
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 - NY - Elma - 611 Jamison Rd - (NY7507), US - RI - Providence - 1 Financial Plaza (RI1537)
Pay and benefits information
Pay range
$69,100.00 - $107,000.00 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.