Senior Credit Underwriter-Global Wealth and Investment Management Job at Bank of America Corporation, Charlotte, NC

ZlZRbDRMMk82dW5tczRUZThXVXNFc0pE
  • Bank of America Corporation
  • Charlotte, NC

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!

This job is responsible for credit underwriting new and existing clients in partnership with a private bank credit team. Key responsibilities include independently managing transactions or portfolios of moderate to high complexity, completing and reviewing credit analysis, evaluating risks, and writing financial analysis. Job expectations include leading the process, ensuring timely and accurate analysis, and coaching teammates on credit requirements. The Global Wealth Investment Management-Sr Credit Underwriter is aligned with the Private Client Advisor (PCA) in their goal of developing new custom lending relationships with strategic wealth clients, driving funded loan balance and revenue growth in a responsible and profitable manner, and managing a portfolio of existing lending relationships. The Sr Credit Underwriter  performs and documents in-depth financial analysis for credit approval of ultra-high-net-worth clients (individuals, family offices, trusts, special wealth vehicles, etc.) in compliance with policy, procedures, and GWIM underwriting standards and guidelines.

Responsibilities:

  • Manages a portfolio of clients underwriting moderate to high complexity
  • Independently works with Relationship Management, and Risk teammates to understand structuring needs and requirements
  • Delivers financial modeling, loan structure, industry, economic, and other analyses 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
  • Has credit approval for certain credit actions
  • Leads loan structure conversations and completion of loan documentation with internal/external legal partners
  • Completes Credit Approval Memos (CAM) and Modifications to obtain credit approval for complex, custom loan products (marketable securities, commercial real estate, fine art, hedge fund, yacht, unsecured and subscription finance)
  • Serve as main point of contact for regional portfolio of credit relationships
  • Synthesize appropriate financial information to understand the client’s financial standing, including liquidity, leverage, cash flow, key risks/mitigants and legal structure (trusts, special wealth vehicles, etc.) and apply sound reasoning to arrive at an appropriate credit decision
  • Review and negotiate loan structure and covenants during documentation process, according to creditworthiness, collateral, and risk appetite

Skills:

  • Attention to Detail
  • Credit and Risk Assessment
  • Financial Analysis
  • Underwriting
  • Written Communications
  • Analytical Thinking
  • Credit Documentation Requirements
  • Financial Forecasting and Modeling
  • Recording/Organizing Information
  • Business Acumen
  • Collaboration
  • Collateral Management
  • Loan Structuring
  • Prioritization

Required Qualifications:

•8+ years of private wealth management credit of commercial credit experience

•Strong financial analysis, accounting skills, and deal structuring for borrowers with complex balance sheets and income streams

•Proficiency in Word, Excel and PowerPoint

Desired Qualifications:

•Bachelor’s degree in business administration, finance, accounting or economics preferred

•Formal Credit Training and/or Commercial/Wealth Management credit experience preferred

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Job Tags

Bank staff, Work at office, Shift work, Day shift

Similar Jobs

Turner Staffing Group

Haul Truck Operator - Traveling Job at Turner Staffing Group

 ...Job Title: Haul Truck Operator Schedule: 12-hour shifts Position Overview We are seeking a dependable and safety-focused Haul...  ...operations team. This role is responsible for safely operating heavy haul trucks in an active mine environment to transport material... 

Wingstop

Cashier Job at Wingstop

 ...Flexible schedules Internal career growth opportunities As a cashier at Wingstop, an individual will have to take and give out...  ...protected by law. Additional Information: Cashier and restaurant experience a plus! Food Handler Certification required Key... 

New Jersey IEC

Remote Health Writer Job at New Jersey IEC

 ...Description New Jersey IEC is on the lookout for a talented Remote Health Writer to join our team in Somerset. This part-time, remote position offers an exciting opportunity to contribute to the construction industry by creating engaging and informative content that... 

Vitality Hospice

Certified Hospice Aide (CNA) Job at Vitality Hospice

 ...Join a Hospice Team That Truly Values You Certified Nursing Assistant (CNA) Full-Time | Field-Based At Vitality Hospice & Palliative Care , we believe hospice care is about more than medicine it's about dignity, compassion, and human connection. As a clinician... 

Ernst & Young

EY-Parthenon - Corporate Finance - Business Valuation - Senior Associate Job at Ernst & Young

 ...career wherever you want it to go. Join EY and help to build a better working world. EY-Parthenon Corporate Finance Business Valuation Senior Associate EY-Parthenons unique combination of transformative strategy, transactions and corporate finance delivers...