Credit Analyst III – GWIM Credit Loan Monitoring
Bank of America
full-time
Posted on:
Location Type: Office
Location: Saint Louis • Montana • North Carolina • United States
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About the role
- Proactively manages the credit risk of a portfolio
- Responsible for monitoring GWIM client compliance with reporting requirements and financial covenants
- Setup of financial reporting and covenant requirements following a loan closing
- Support the timely resolution of failed covenants by advising the credit team on trends or specific details
- Drive effective and efficient monitoring of client portfolios
- Create and maintain value-driven relationships with members of the client team
- Ensure accurate monitoring of loan document requirements and covenants
- Provide early warning of deterioration in client financial profile
- Manage a GMS queue of client relationships requiring financial covenant compliance testing
Requirements
- 3 + yrs of credit analysis or a closely related credit risk role, including financial covenant testing
- 2+ years of credit analysis experience with Commercial credit policies and procedures
- Proficient in interpreting various Commercial loan documents including credit agreement and amendments
- Experienced in managing compliance workflows and covenant breaches in a timely fashion
- Strong working knowledge of commercial loan structures and financial statement analysis
- Working proficiency with Commercial loans, collateral, client data and workflow systems along with SharePoint, and Adobe Acrobat
- Bachelor's degree in Accounting, Finance or equivalent experience
Benefits
- Health insurance
- Retirement plans
- Paid time off
- Flexibility for office attendance based on role-specific considerations
- Professional development opportunities
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
credit analysisfinancial covenant testingfinancial statement analysiscommercial loan structurescompliance workflowsloan document interpretationcredit agreementcovenant breachesclient data management
Soft Skills
relationship managementproactive managementadvisingmonitoringtimely resolution