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 performing deal analysis, preparing supporting deal justification, and processing approvals. Key responsibilities include underwriting aspects of a credit transaction (e.g., construction debt, term debt, and tax credit equity) for all product types, performing material modifications to existing facilities, and advising the Commercial Real Estate Banking portfolio group on any post closing credit actions as needed. Job expectations may include driving operational excellence and influencing leaders, peers, and clients.
Responsibilities:
- Leads the underwriting of secured and unsecured transactions to Commercial Real Estate clients, including real estate secured construction and term debt, tax credit equity investments, unsecured corporate revolvers, bridge financing, commercial agency warehouse lines, and subscription lines
- Performs the requisite due diligence once a credit opportunity is mandated, preparing the approval request documents, receiving final loan approval on a timely basis, and participating in the loan closing process
- Collaborates with the client, relationship coverage team, and product partners, as applicable, to facilitate timely and client-centric loan closings
- Leads the end-to-end process for loan modifications and extensions on existing loans including structuring, due diligence, gaining approval, and closing
- Completes Scheduled Exposure Reviews (SERs) and Risk Rating Scorecards for adversely risk rated loans for approval, and presents SERs at quarterly SER meetings
Required Qualifications:
- Must have 3+ years of Commercial Real Estate Credit experience
- Must have experience analyzing and interpreting commercial real estate financial statements
- Must have financial modeling experience
- Must have excellent technical writing skills
- Must have excellent communication and collaboration skills
Skills:
- Credit and Risk Assessment
- Financial Analysis
- Underwriting
- Written Communications
- Analytical Thinking
- Attention to Detail
- Customer and Client Focus
- Due Diligence
- Oral Communications
- Collateral Management
- Interpret Relevant Laws, Rules, and Regulations
- Legal Structures and Legal Forms
- Loan Structuring
- Prioritization
Desired Education Requirement: BA Degree in Finance, Accounting or related major preferred but not required
Shift:
1st shift (United States of America)
Hours Per Week:
40