Credit Underwriter II

Credit Underwriter II - Global Corporate & Investment BankingThis job is responsible for analyzing and interpreting a client's credit worthiness, evaluating credit risks, and writing credit approval memos for annual renewals and new lending opportunities. Key responsibilities include analyzing qualitative and quantitative data such as clients financials, projections, industry data, covenant compliance, and collateral appraisals to ensure compliance with the banks risk appetite. Job expectations include completing regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of new transactions. Credit Associates conduct intensive qualitative and quantitative analysis on company, industry, and macroeconomic factors to support credit decisions for GCIB clients in the Energy & Power industry. Associates will be deeply involved with underwriting, structuring, and documenting financial solutions to meet client credit needs related to working capital loans, M&A financing, hedging, leasing, and treasury management products.Responsibilities+ Analyzes clients financial performance by comparing it to past performance, projections, and industry standards + Reviews financial statements, assesses the clients compliance with financial covenants, and renews risk ratings, while recommending changes as warranted + Assists in the underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures + Evaluates transaction and relationship risk-adjusted profitability to facilitate the allocation of capital + Builds projection models for the client (as needed) based on historical performance, industry forecasts, and other due diligence findings + Trains, coaches, and mentors Credit Analysts + Developing financial statement forecasts and enterprise valuations + Discussing the merits of financing transactions from a credit risk and relationship perspective while modeling transaction and relationship profitability + Reviewing legal documentation related to loans and derivatives + Writing credit memorandums to summarize your analysis and conclusionsRequired Qualifications+ Robust understanding of corporate finance and accounting concepts + Excellent writing and verbal communication skills + Effective time management skills with ability to balance multiple competing priorities + Proficiency in Microsoft Excel + 3+ years of commercial and/or corporate banking credit underwriting related experience, preferably in a bank or large financial institutionDesired Qualifications+ Bachelors degree with emphasis in finance, accounting, or economicsSkills+ Analytical Thinking + Financial Analysis + Financial Forecasting and Modeling + Profitability Analysis + Research Analysis + Attention to Detail + Business Acumen + Credit and Risk Assessment + Underwriting + Written Communications + Collaboration + Critical Thinking + Portfolio Analysis + Prioritization + Technical DocumentationBank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial, and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.