Commercial Credit Underwriter - Practice Solutions bei Ghr

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:

Bank of America Practice Solutions is a specialized lending unit that focuses on licensed medical professionals including Dentists, Physicians and Veterinarians.  The underwriter applies credit skills and product knowledge to analyze and decide on a wide variety of business purpose loans for medical professionals. Makes loan decisions, obtains Credit Policy and lending authority concurrence as appropriate and informs the originating sales associate of acceptance, decline or counteroffer decisions. Responsible for performing risk assessment and repayment capacity analysis (i.e., financial, borrower, industry, etc.) and preparing transaction justification for moderately complex/complex transactions with limited oversight. Key responsibilities include documenting credit analysis, independently assessing historic and projected borrower financial information, evaluating adherence to policy and procedure, providing loan structure analysis and recommendations, and monitoring portfolio performance.

Responsibilities:

• Evaluates credit worthiness and provides analysis and decisioning on whether a client should receive a credit facility
• Partners with Sales, Fulfillment and Risk teammates to assess and deliver credit solutions
• Monitors the client's operating performance and financial condition, proactively identifying issues and opportunities
• Delivers financial modeling, loan structure, industry, economic, and other analysis to team members to support the loan decision-making process
• Ensures adherence to credit policies, guidelines, procedures, and applicable regulatory requirements

Required Qualifications:

• 3-5 years of small business or higher credit underwriting experience
• Experience with complex structuring involving multiple business financial statements, pass-thru/management entities, and personal guarantors
• Operates with a sense of urgency in fast-paced environment
• Works independently & automatously knowing when to involve leader
• Excellent oral and written communication skills; ability to motivate
• Strong organizational skills with ability to work on multiple tasks
• Client interviews (via phone)
• Ability to quickly identify deteriorating trends
• Effectively articulate rationale for difficult credit decisions
• Thorough knowledge of credit policies, guidelines, and regulatory requirements
• Knowledge of reporting and financial covenants
• Excellent Microsoft office skills specifically with Excel but including PowerPoint, Word, and OneNote

Desired Qualifications:

• Preferably Healthcare Finance experience
• Commercial Lending Experience
• Broad knowledge of E2E commercial lending portfolio facets
• Proficient with applicable commercial underwriting platforms & supporting tools

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

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent, Bachelor's Degree Preferred

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NY - Elma - 611 Jamison Rd - (NY7507)

Pay and benefits information

Pay range

$81,600.00 - $162,500.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. Jetzt bewerben