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 position can be filled as a CREB Originations Senior Underwriter (SUW) or a CREB Originations Underwriter (UW), depending upon the candidates experience level. The SUW/UW is responsible for performing deal analysis, preparation of supporting justification, and processing approvals. The SUW has understanding of key policies and regulations for applicability/impact to a transaction. The SUW/UW is a senior member of the CREB market team, is aligned to Line of Business region/market, working with the Credit Officer in a specific market and is assigned a portfolio of clients. The SUW/UW is typically an individual contributor who reports to a CREB Senior Credit Product Manager. However, the SUW/UW pairs with a Credit Officer based on assigned relationships and they work as a team to jointly originate new credit transactions as well as perform material modification to existing facilities. Successful candidates will possess functional expertise and will have demonstrated strong performance with a focus on collaboration, driving operational excellence and the ability to influence leaders, peers and clients. Credit products include, but not limited to, CRE secured construction/term/bridge, subscription, unsecured, traded product exposure.

REQUIRED QUALIFICATIONS:

• 2+ years of Commercial Real Estate Credit Experience for the Underwriter. and 5+ years of Commercial Real Estate Credit Experience for the Sr. Underwriter.
• Must be contented with financial analysis skills.
• Ability to communicate effectively both verbally and written, with clear, concise, and conclusionary statements.
• Proficient with Microsoft Office and the ability to master new technologies.

DESIRED QUALIFICATIONS:

• Bachelor’s Degree
• Prior Money Center Bank or Regional Banking Experience

SKILLS:

• Credit and Risk Assessment
• Customer and Client Focus
• Financial Analysis
• Underwriting
• Written Communications
• Analytical Thinking
• Attention to Detail
• Collateral Management
• Due Diligence
• Oral Communications
• Interpret Relevant Laws, Rules, and Regulations
• Legal Structures and Legal Forms
• Loan Structuring
• Prioritization

• Assess and analyze New/Modification Credit exposures, including analysis of Collateral, Market, Sponsor/Guarantor to support proposal to extend Credit.
• Support Credit Officer on screening memos and term sheets.
• Data capture for new originations.
• Prepare approval documents and manage closing due diligence.
• Activities associated with origination, renewal, modification and extension of existing facilities where terms are being changed (i.e. extensions beyond final maturity, commitment increases, material covenant changes), including risk rating scorecard preparation and profitability modeling.
• Process formal Credit Action through the approval system.