About this opportunity
Bank of America lists this GCIB- Commercial Credit Underwriter I/Commercial Credit Officer I opportunity in new york, New York. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Company Overview
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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. 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 managing clients and related credit products, partnering closely with relationship management, sales/trading, treasury management, operations and risk teams to support the client relationship..
Key responsibilities include underwriting, monitoring, managing operational needs and/or client requests.
Job expectations include credit-focused client management responsibilities, independent thought leadership, and the ability to provide feedback to less experienced teammates.
Responsibilities
Partners with relationship management and product partners to assess clients’ credit needs and create solutions
Leads loan structure conversations and negotiates loan documentation with clients and internal/external legal partners
Drives credit and risk approval processes for new credit originations, renewals, increases, and modifications
Leads ongoing monitoring efforts for a portfolio of clients in compliance with regulations, policy and procedure
Mentors and supports associates
Partners with relationship management and product partners to assess clients’ credit needs and create solutions
Leads the credit analysis process with the support of other analysts and associates
Partners with Credit Officers and Risk teammates to understand structuring needs and requirements
Monitors operating performance and financial condition, proactively identifying issues and opportunities
Assists in delivery of financial modeling, loan structure, industry, economic and other analysis to team members to support the loan decision-making process
Reviews work of junior teammates to provide feedback/coaching and ensure compliance with laws, rules, regulations and policy procedure
Granted credit approval for certain credit actions
Participates in loan structure conversations and completion of loan documentation with internal/external legal partners
Required Qualifications
3 years of credit and financial institution experience with Commercial Credit Underwriting, commercial credit loan structuring
Strong written and communication skills
Strong MS Office skills (Excel, Word, PowerPoint)
Attention to detail
Desired Qualifications
Bachelor’s degree in finance/accounting preferred or equivalent experience
Skills
Analytical Thinking
Credit and Risk Assessment
Financial Analysis
Research Analysis
Underwriting
Attention to Detail
Business Acumen
Financial Forecasting and Modeling
Loan Structuring
Written Communications
Business Development
Collaboration
Critical Thinking
Portfolio Analysis
Stakeholder Management
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 - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$102,000.00 - $166,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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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Worksite address
new york, NY, 10261, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.