Job Description
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 performing deal analysis, preparing supporting deal justification, and processing approvals. Key responsibilities include underwriting aspects of a credit transaction (e.g., construction debt, term debt, and tax credit equity) for all product types, performing material modifications to existing facilities, and advising the Commercial Real Estate Banking portfolio group on any post closing credit actions as needed. Job expectations may include driving operational excellence and influencing leaders, peers, and clients.
Responsibilities:
Leads the underwriting of secured and unsecured transactions to Commercial Real Estate clients, including real estate secured construction and term debt, tax credit equity investments, unsecured corporate revolvers, bridge financing, commercial agency warehouse lines, and subscription lines
Performs the requisite due diligence once a credit opportunity is mandated, preparing the approval request documents, receiving final loan approval on a timely basis, and participating in the loan closing process
Collaborates with the client, relationship coverage team, and product partners, as applicable, to facilitate timely and client-centric loan closings
Leads the end-to-end process for loan modifications and extensions on existing loans including structuring, due diligence, gaining approval, and closing
Completes Scheduled Exposure Reviews (SERs) and Risk Rating Scorecards for adversely risk rated loans for approval, and presents SERs at quarterly SER meetings
Required Qualifications:
1+ years of Commercial Real Estate Underwriting related experience
Experience analyzing and interpreting commercial real estate financial statements, market and portfolio information
Financial modeling experience
Excellent technical writing skills
Excellent communication, collaboration and time management skills
Desired Qualifications:
3+ years of Commercial Real Estate Underwriting related experience
Bachelor's Degree in Finance or Economics
Skills:
Credit and Risk Assessment
Financial Analysis
Underwriting
Written Communications
Analytical Thinking
Attention to Detail
Customer and Client Focus
Due Diligence
Oral Communications
Collateral Management
Interpret Relevant Laws, Rules, and Regulations
Legal Structures and Legal Forms
Loan Structuring
Prioritization
Shift:
1st shift (United States of America)
Hours Per Week:
40
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 performing deal analysis, preparing supporting deal justification, and processing approvals. Key responsibilities include underwriting aspects of a credit transaction (e.g., construction debt, term debt, and tax credit equity) for all product types, performing material modifications to existing facilities, and advising the Commercial Real Estate Banking portfolio group on any post closing credit actions as needed. Job expectations may include driving operational excellence and influencing leaders, peers, and clients.
Responsibilities:
Leads the underwriting of secured and unsecured transactions to Commercial Real Estate clients, including real estate secured construction and term debt, tax credit equity investments, unsecured corporate revolvers, bridge financing, commercial agency warehouse lines, and subscription lines
Performs the requisite due diligence once a credit opportunity is mandated, preparing the approval request documents, receiving final loan approval on a timely basis, and participating in the loan closing process
Collaborates with the client, relationship coverage team, and product partners, as applicable, to facilitate timely and client-centric loan closings
Leads the end-to-end process for loan modifications and extensions on existing loans including structuring, due diligence, gaining approval, and closing
Completes Scheduled Exposure Reviews (SERs) and Risk Rating Scorecards for adversely risk rated loans for approval, and presents SERs at quarterly SER meetings
Required Qualifications:
1+ years of Commercial Real Estate Underwriting related experience
Experience analyzing and interpreting commercial real estate financial statements, market and portfolio information
Financial modeling experience
Excellent technical writing skills
Excellent communication, collaboration and time management skills
Desired Qualifications:
3+ years of Commercial Real Estate Underwriting related experience
Bachelor's Degree in Finance or Economics
Skills:
Credit and Risk Assessment
Financial Analysis
Underwriting
Written Communications
Analytical Thinking
Attention to Detail
Customer and Client Focus
Due Diligence
Oral Communications
Collateral Management
Interpret Relevant Laws, Rules, and Regulations
Legal Structures and Legal Forms
Loan Structuring
Prioritization
Shift:
1st shift (United States of America)
Hours Per Week:
40
💡 Quick Summary
Seeking a career-building opportunity? The Underwriter-Commercial Real Estate Banking position is now open for candidates interested in the Bank Jobs sector. This role in New York offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
