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!
 

Job Description:

This job is responsible for analyzing and interpreting a client's credit worthiness, evaluating credit risks, and writing credit approval memos for annual renewals and new lending opportunities. Key responsibilities include analyzing qualitative and quantitative data such as client's financials, projections, industry data, covenant compliance, and collateral appraisals to ensure compliance with the bank's risk appetite. Job expectations include completing regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of new transactions.

The Credit Underwriter II (CUII) partners closely with the Credit Advisor (CA) to develop and expand custom lending relationships with strategic wealth clients. This role supports responsible and profitable loan and revenue growth, while also managing a portfolio of existing credit relationships. The CUII is responsible for performing and documenting comprehensive financial analysis to support credit decisions for ultra-high net worth clients—including individuals, family offices, trusts, and specialized wealth entities—ensuring full adherence to applicable policies, procedures, and GWIM underwriting standards and guidelines.

Responsibilities:

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

Complete Credit Approval Memos (CAMs) and Modifications to secure credit approval for complex, custom loan products secured by marketable securities

Perform detailed marketable securities collateral analysis on stock concentrations, Control / Restricted stock, REIT Operating Units, Exchange Funds, and derivative securities

Synthesize comprehensive financial information to assess liquidity, leverage, cash flow, key risks/mitigants, and legal structures (trusts, special wealth vehicles, etc.), applying sound judgment to support appropriate credit decisions

Proactively manage deal pipeline and ensure timely progression of new and existing transactions

Required Qualifications:

3-5+ years of commercial and/or private wealth management credit experience

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

Strong negotiation and communication skills

Proficiency in Word, Excel and PowerPoint

Excellent interpersonal skills and the ability to build business partnerships with risk, services and client teams who may not be co-located

Desired Qualifications:

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

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

Experience with marketable securities lending preferred

Skills:

Analytical Thinking

Financial Analysis

Financial Forecasting and Modeling

Profitability Analysis

Research Analysis

Attention to Detail

Business Acumen

Credit and Risk Assessment

Underwriting

Written Communications

Collaboration

Critical Thinking

Portfolio Analysis

Loan Structuring

Technical Documentation

Shift:

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