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Commercial Credit Underwriter II

Bank of America


Location:
Baltimore, MD 21217
Date:
05/03/2022
2022-05-032022-07-23
Categories:
  • Banking
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Job Details

Commercial Credit Underwriter II



Washington;Baltimore, Maryland; McLean, Virginia



**Job Description:**



Bank of America's Healthcare Education and Not For Profit (HENFP) banking group is seeking an Underwriter. HENFP is part of the Commercial Bank and supports the financial needs of a variety of 501c3 not for profit clients including healthcare, private universities, colleges and K-12 schools, cultural, professional and social service organizations. This position can be based in Washington, DC, McLean, VA or Baltimore, MD.



Responsibilities:



The Commercial Credit Underwriter (UW) is responsible for underwriting and structuring of straightforward and complex credit transactions with minimal oversight from the Credit Officer (CO) or Commercial Credit Manager (CCM) and also approves credit transactions with some coaching from the CO/CCM based on approval grid. The UW leads the credit approval process with assistance from the CCM as needed for clients without CO coverage and is an active participant with the CO in credit approval process for complexclients/transactions.UWs may call on credit clients and prospects in partnership or independently with the Relationship Manager (RM) and/or CO as appropriate. Provides ongoing management and primary accountability for all monitoring and maintenance activities on an assigned portfolio or market, including a higher composition of complex client relationships. UWs have accountability for delivering accurate and consistent data. They monitor clients operating performance and financial condition to proactively identify risks, issues and opportunities. They deliver financial, industry, economic and other analysis to facilitate decision making, while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements. The UW's provide ongoing coaching and support to other Credit Products team members, as applicable. They report to the Commercial Credit Manager (CCM) and partner closely with COs.



Required Skills:



General qualifications include:



+ BS/BA degree

+ 5+ years of solid experience in financial analysis, structuring, underwriting and portfolio management in Commercial Banking.

+ strong communication andanalytical/technicalskills, including financial accounting, modeling and loan structuring.Desired Skills:



+ Participate with RM or CO's to negotiate Credit Agreements & loan documents, as needed.

+ Be knowledgeable of the closing process & timeline for all types of loans (i.e. real estate, revolvers, etc.)* Candidates could be hired as an UW I or II depending on skills and experience



**Job Band:**



H4



**Shift:**



1st shift (United States of America)



**Hours Per Week:**



40



**Weekly Schedule:**



**Referral Bonus Amount:**



0



**Job Description:**



Bank of America's Healthcare Education and Not For Profit (HENFP) banking group is seeking an Underwriter. HENFP is part of the Commercial Bank and supports the financial needs of a variety of 501c3 not for profit clients including healthcare, private universities, colleges and K-12 schools, cultural, professional and social service organizations. This position can be based in Washington, DC, McLean, VA or Baltimore, MD.



Responsibilities:



The Commercial Credit Underwriter (UW) is responsible for underwriting and structuring of straightforward and complex credit transactions with minimal oversight from the Credit Officer (CO) or Commercial Credit Manager (CCM) and also approves credit transactions with some coaching from the CO/CCM based on approval grid. The UW leads the credit approval process with assistance from the CCM as needed for clients without CO coverage and is an active participant with the CO in credit approval process for complexclients/transactions.UWs may call on credit clients and prospects in partnership or independently with the Relationship Manager (RM) and/or CO as appropriate. Provides ongoing management and primary accountability for all monitoring and maintenance activities on an assigned portfolio or market, including a higher composition of complex client relationships. UWs have accountability for delivering accurate and consistent data. They monitor clients operating performance and financial condition to proactively identify risks, issues and opportunities. They deliver financial, industry, economic and other analysis to facilitate decision making, while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements. The UW's provide ongoing coaching and support to other Credit Products team members, as applicable. They report to the Commercial Credit Manager (CCM) and partner closely with COs.



Required Skills:



General qualifications include:



+ BS/BA degree

+ 5+ years of solid experience in financial analysis, structuring, underwriting and portfolio management in Commercial Banking.

+ strong communication andanalytical/technicalskills, including financial accounting, modeling and loan structuring.Desired Skills:



+ Participate with RM or CO's to negotiate Credit Agreements & loan documents, as needed.

+ Be knowledgeable of the closing process & timeline for all types of loans (i.e. real estate, revolvers, etc.)* Candidates could be hired as an UW I or II depending on skills and experience



**Shift:**



1st shift (United States of America)



**Hours Per Week:**



40



Learn more about this role



Full time



JR-22041692



Band: H4



Manages People: No



Travel: Yes, 5% of the time



Manager:



Talent Acquisition Contact:



Anthony Picano



Referral Bonus:



0



Bank 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 and affirmative action, 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.




To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .


To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .



Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.




To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE .

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At Bank of America, our customers are at the center of everything we do. Our focus is on helping each one find the right financial solutions. With a wide range of career opportunities available, we invite you to realize your career goals with us while assisting customers with what matters most to them.

Welcome to Careers at Bank of America.


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