Vista previa generada por IA
Credit Underwriter II – Global Wealth & Investment Management – Pennington, NJ
Responsible for credit underwriting, monitoring and portfolio management for high-net-worth clients, focusing on loan structuring and compliance.
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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
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 supporting credit underwriting and monitoring for new and existing clients in partnership with a credit team. Key responsibilities include independently managing low-complexity transactions or portfolios, 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 Credit Underwriter II (CUII) performs all underwriting tasks for consumer/commercial loan requests to high-net-worth clients of Global Wealth and Investment Management for Merrill Lynch Wealth Management.
The position includes structuring advice to client teams and credit partners, completion of customized credit approval packages, and management of the documentation process. This role interfaces with client teams, credit executives, risk, servicing and legal partners to support the timely delivery of the credit process to market partners and clients.
Responsibilities:
- Leads the credit analysis process with the support of other analysts and associates
- Partners with Credit Officers, Relationship Management, and Risk teammates to understand structuring needs and requirements
- Monitors operating performance and financial condition, proactively identifying issues and opportunities
- Assists in delivery of 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
- May have primary coverage responsibility for a portfolio of clients with limited complexity and credit approval for certain credit actions
- Participate in loan structure conversations and completion of loan documentation with internal/external legal partners
- Underwrite and obtain credit approval for marketable securities loan products, including detailed collateral analysis across control/restricted stock, REIT operating units, exchange funds, and derivative securities
- Partner with Global Wealth and Investment Management client teams to support credit requests, participate in upfront deal discussions, and negotiate loan structures and covenants aligned with creditworthiness and risk appetite
- Proactively manage the deal pipeline to ensure timely progression of new and existing complex transactions or portfolios, completing and reviewing credit analysis, evaluating risks, and writing financial analysis
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
- Organized and detail oriented with ability to multi-task, with prior experience in a high-volume production environment
- 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:
- 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
Shift:
1st shift (United States of America)
Hours Per Week:
40