Senior Credit Underwriter/Credit Underwriter II - Custom Lending - Global Wealth & Investment Management

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. Our inclusive workplace fosters career development, recognizes performance, and supports physical, emotional, and financial wellness through affordable, competitive, and flexible benefits. 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 with clear in-office expectations and role-specific flexibility.

About the role

This role performs risk assessment and repayment capacity analysis (financial, borrower, industry, etc.) and prepares transaction justification for moderately complex to complex transactions with limited oversight. The Senior Credit Underwriter/Credit Underwriter II (SCU/CUII) partners closely with the Credit Advisor (CA) to develop and expand custom lending relationships with strategic wealth clients, supporting responsible and profitable loan and revenue growth while managing a portfolio of existing credit relationships.

Responsibilities include documenting comprehensive financial analysis to support credit decisions for ultra-high-net-worth clients—including individuals, family offices, trusts, and specialized wealth entities—ensuring adherence to applicable policies, procedures, and GWIM underwriting standards. This role may be filled as a Sr Credit Underwriter or Credit Underwriter II depending on experience.

Responsibilities

• Evaluates credit worthiness and provides analysis and decisioning on whether a client should receive a credit facility
• Partners with Credit Officers, Relationship Management, 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 support loan decision-making
• Ensures adherence to credit policies, guidelines, procedures, and applicable regulatory requirements
• Completes Credit Approval Memos (CAMs) and modifications for complex, custom loan products (e.g., marketable securities, commercial real estate, fine art, hedge fund, yacht, unsecured, insurance, private equity, and subscription-finance facilities)
• Synthesizes comprehensive financial information to assess liquidity, leverage, cash flow, key risks/mitigants, and legal structures (trusts, special wealth vehicles, etc.)
• Distills complex issues to their core components and documents findings clearly and concisely
• Applies established policies, procedures, and underwriting practices, including financial spreading, risk rating, financial modeling, and required approvals
• Provides lending guidance, structural recommendations, and policy expertise during deal discussions
• Reviews, negotiates, and refines loan structures and covenants based on borrower creditworthiness, collateral, and risk appetite
• Proactively manages deal pipeline and ensures timely progression of new and existing transactions
• Oversees day-to-day management of assigned loan portfolio, including collateral releases, SER preparation, renewals, covenant resolution, risk-rating updates, loan modifications/waivers, and past-due remediation
• Identifies opportunities to streamline workflows and recommends process improvements
• Mentors and develops Credit Underwriters, supporting skill growth and consistent underwriting quality

Requirements

• Strong financial analysis, accounting skills, and deal structuring for borrowers with complex balance sheets and income streams
• For the Sr Credit Underwriter role: 10+ years of commercial and/or private wealth management credit experience
• For the Credit Underwriter II role: 2+ years of commercial and/or private wealth management credit experience
• Strong negotiation and communication skills
• Proficiency in Word, Excel, and PowerPoint
• Excellent interpersonal skills and ability to build business partnerships with remote teams
• High School Diploma / GED / Secondary School or equivalent (Bachelor’s degree in business administration, finance, accounting, or economics preferred)

Desired Qualifications

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

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
• Portfolio Management

Schedule

1st shift (United States of America), 40 hours per week