Enhanced Channel Underwriter I / II / Sr Enhanced Channel Underwriter - Commercial Credit
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We drive Responsible Growth and deliver for our clients, teammates, communities, and shareholders every day. We foster an inclusive workplace where every teammate has the opportunity to succeed, build a career, and contribute to our shared success. We value diverse perspectives shaped by military service, community college education, and varied work and life experiences, which strengthen 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 with flexibility based on role-specific responsibilities and business needs.
About the role
The Enhanced Channel Underwriter is responsible for credit underwriting and monitoring for new and existing clients in partnership with the client team. This role involves independently managing transactions or portfolios of limited to moderate complexity, completing and reviewing credit analysis, evaluating risks, and writing financial analysis. Products include lines of credit, term loans, and real estate loans.
Key responsibilities include structuring, negotiating, and 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. This role reports to the Commercial Credit Manager that supports the market.
Responsibilities
- Manages a portfolio of clients supporting underwriting and/or monitoring requirements with limited to moderate complexity.
- Independently works with Relationship Management and Risk teammates to understand structuring needs and requirements.
- Delivers financial modeling, loan structure, industry, economic, and other analyses 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.
- Has credit approval authority for certain credit actions.
- Leads loan structure conversations and completion of loan documentation with internal/external legal partners.
Skills
- Attention to Detail
- Credit and Risk Assessment
- Financial Analysis
- Underwriting
- Written Communications
- Analytical Thinking
- Credit Documentation
- Financial Forecasting and Modeling
- Recording/Organizing Information
- Business Acumen
- Collaboration
- Collateral Management
- Loan Structuring
- Prioritization
Requirements
- 5+ years of solid Commercial Banking experience.
- Experience in financial analysis, structuring, underwriting, and portfolio management.
- Analytical/technical skills, including financial accounting, modeling, and loan structuring.
- Strong communication skills; ability to communicate vertically, horizontally, and externally.
- Industry knowledge across multiple sectors.
Qualifications
- Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent.
Schedule
1st shift (United States of America), 40 hours per week.