1+ months

GWIM Senior Credit Underwriter

St Louis, MO 63108
**Job Description:**



Perform all underwriting tasks for commercial loan requests to high net worth clients of Global Wealth and Investment Management, which includes Bank of America Private Bank and Merrill Lynch.



The position includes provision of structuring advice to sales teams and credit partners, completion of customized credit approval packages, pricing models, approval memos and other standard documents, and management of the documentation process to ensure on-time loan booking.



The ideal candidate can analyze commercial risks and identify mitigants, recommend risk ratings, exposure strategies, credit structures and sponsor recommendations through the approval process. This role interfaces with client teams, risk, structured credit, servicing and legal partners to support the timely delivery of the credit process to our market partners and clients.



Primary duties include underwriting and obtaining credit approval for commercial loan products to clients of Global Wealth and Investment Management.



+ Candidate must be able to underwrite and prepare written loan approvals

+ Experience in small business or commercial loan underwriting preferred

+ Must be familiar with commercial lending products (yacht, commercial real estate, fine art, hedge funds and unsecured lending)



Competency in:



+ Analyzing and spreading personal financial information and tax returns and evaluating debt capacity

+ Negotiating loan structure, covenants and loan documentation according to creditworthiness, collateral and risk appetite

+ Commissioning and analyzing due diligence including personal, legal and collateral-dependent

+ Managing multiple deals simultaneously and different constituents depending on deal stage



Enterprise Role Overview:



+ Extends credit to and monitors loan portfolios of private banking clients. Works closely with private banking relationship managers in structuring loans to meet the clients requirements or in reviewing credit standards. Typically works on smaller or less complicated loan or credit product transactions and under guidance of management or senior staff. Possesses some loan approval authority.



Required Skills



+ College degree preferred

+ Bachelors degree in business administration, finance, accounting or economics preferred

+ Strong financial analysis, accounting and credit skills

+ 2 to 5 years of commercial credit experience

+ Strong negotiation skills

+ Clear and concise communication skills. 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 Skills



+ Highly prefer a candidate who is commercially credit trained



**Posting Date** : 08/13/2019



**Location** :

Saint Louis, MO, BANK OF AMERICA PLAZA, 800 MARKET ST,

Charlotte, NC, ONE BANK OF AMERICA CENTER, 150 N COLLEGE ST,

- United States



**Travel** : No



**Full / Part-time** : Full time



**Hours Per Week** : 40



**Shift** : 1st shift



**Assistance for Applicants with Disabilities**



Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .



**Diversity & Inclusion**



At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.



**Frequently Asked Questions**



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Industry

  • Banking / Finance
Posted: 2019-05-31 Expires: 2019-09-28

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GWIM Senior Credit Underwriter

Bank of America
St Louis, MO 63108

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