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.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Job Description:
The CREB Senior Underwriter (SUW) 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 is a senior member of the CREB market team, is aligned to LOB regions/markets, working with the Credit Officer teams in a specific market and is assigned a portfolio of clients. The SUW is typically an individual contributor who reports to a CREB Senior Credit Product Manager. However, the SUW pairs with a Credit Officer based on assigned relationships and they work as a team to jointly underwrite and close new CRE transactions as well as perform material modification to existing facilities. The SUW will also advise the CREB portfolio group with any post-closing credit actions as needed.
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.
This position can be filled as a CREB Senior Underwriter or a CREB Underwriter.
Job Responsibilities:
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.
Required Qualifications:
5+ years of Commercial Real Estate Credit Experience for the CREB Sr Underwriter, 2+ yrs of Commercial Real Estate Credit Experience for the CREB Underwriter
Strong financial analysis skills
Proficient with Microsoft Office and the ability to master new technologies
Desired Qualifications:
Bachelor’s Degree
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
Shift:
1st shift (United States of America)Hours Per Week:
40Pay Transparency details
US - CA - San Francisco - 555 California St - Bofa Center - 555 California (CA5705) Pay and benefits information Pay range $87,900.00 - $175,000.00 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.