1+ months

CREB Senior Underwriter

Dallas, TX 75219
CREB Senior Underwriter



Newport Beach, California;Dallas, Texas; San Francisco, California; Los Angeles, California



**Job Description:**



**Job Description**



CREB Senior Underwriter (SUW) is responsible for performing deal analysis, preparation of supporting justification, and processing approvals. The SUW has understanding of key policies and regulations for applicability/impact to a transaction. The SUW is a senior member of the CREB market team, is aligned to LOB regions/markets, working with the CO teams in a specific market and is assigned a portfolio of clients. The SUW is typically an individual contributor who reports to a CREB Senior Credit Product Manager. However, the SUW pairs with a CO based on assigned relationships and they work as a team to jointly underwrite and close new CRE transactions as well as perform material modification to existing facilities. The SUW will also advise the CREB portfolio group with any post closing credit actions as needed. Successful candidates will possess functional expertise and will have demonstrated strong performance with a focus on collaboration, driving operational excellence and the ability to influence leaders, peers and clients.



For CDB the SUW will be responsible for underwriting all aspects of a transaction (i.e., construction debt, non-FHA perm debt and equity) for all product types.



Functional Role Description:

New deal analysis and supporting justification

Prepare approval documents and collateral analysis

Support CO on DSM, Term Sheets, and Loan Closings

CAM preparation and collateral analysis

Data capture for new originations

Activities associated with renewal, modification and extension of existing facilities where terms are being changed (i.e. extensions beyond final maturity, commitment increases, material covenant changes), including scorecard preparation



**Required Skills**



Minimum of five years of experience underwriting debt and/or equity for affordable rental housing projects financed using the federal low-income housing tax credit program

Knowledge of the primary functions of the Community Development Banking teams at Bank of America

Familiarity with core financial products used by developers of affordable rental housing

Adept at gathering and analyzing market data for affordable rental housing

Understanding of the regulations that govern affordable housing lending and/or investing

Evidence of experience and skill in quantitative analysis in debt and/or equity for affordable rental housing, including the use and interpretation of complex models; taxable and tax-exempt financing; GAAP and tax accounting treatment; and permanent financing, both government and private

Knowledge of other BofA products including Investment Banking, Interest Rate Hedging, and Treasury Management, leveraging this product expertise to deliver the best possible and optimally integrated strategic solution for the client

Experience in underwriting equity using the federal historic tax credit program a plus



**Shift:**



1st shift (United States of America)



**Hours Per Week:**



40



Learn more about this role



Full time



JR-20017001



Manages People: No



Travel: Yes, 10% of the time



Manager:



Talent Acquisition Contact:



Referral Bonus:











Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.





To view the "EEO is the Law" poster, CLICK HERE at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf .


To view the "EEO is the Law" Supplement, CLICK HERE at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf .











Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.





To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE .

Industry

  • Banking / Finance
Posted: 2020-03-24 Expires: 2020-06-20

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At Bank of America, our customers are at the center of everything we do. Our focus is on helping each one find the right financial solutions. With a wide range of career opportunities available, we invite you to realize your career goals with us while assisting customers with what matters most to them.

Welcome to Careers at Bank of America.


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CREB Senior Underwriter

Bank of America
Dallas, TX 75219

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