Senior Credit Underwriter – Leasing, Municipal Credit and Public Finance
Bank of America
full-time
Posted on:
Location Type: Hybrid
Location: New York City • Illinois, Massachusetts, New York, Rhode Island • 🇺🇸 United States
Visit company websiteSalary
💰 $80,000 - $162,500 per year
Job Level
Senior
About the role
- Analyzes client's financial performance by comparing it to past performance, projections, and industry standards
- Reviews financial statements, assesses the client's 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
- Pre-screens new transactions for existing and new clients to determine credit worthiness and appropriate credit product solutions
- Analyzing US State and Local governmental entities’ financial statements
- Responsible for underwriting credit approval memoranda for mandated transactions, incorporating thorough credit analysis and due diligence
- Participates in ongoing documentation negotiations as required
Requirements
- 5+ years of experience in commercial banking, finance or credit ratings industries
- Significant municipal/public finance credit experience
- Experience in the analysis and structuring of complex transactions
- Strong credit and risk analysis skills
- Strong presentation, structuring and financial statement analysis skills
- Proven ability to analyze, interpret and negotiate third party documentation
- Proven ability to identify trends and emerging risks in underwriting and client selection
- Proficient Microsoft Office skills
Benefits
- Discretionary incentive eligible
- Annual discretionary award based on performance
- Industry-leading benefits
- Access to paid time off
- Resources and support for employee wellness
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
financial analysiscredit risk analysisunderwritingtransaction structuringfinancial statement analysisprojection modelingdue diligencerisk-adjusted profitabilitycredit approval memorandanegotiation
Soft skills
coachingmentoringpresentation skillsanalytical skillscommunication skillsproblem-solvingtrend identificationemerging risk assessment