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!

This job is responsible for performing deal analysis, preparing supporting deal justification, and processing approvals. Key responsibilities include underwriting aspects of a credit transaction (e.g., construction debt and term debt) for all product types, performing material modifications to existing facilities, and advising the Commercial Real Estate Banking portfolio group on any post closing credit actions as needed. Job expectations may include driving operational excellence and influencing leaders, peers, and clients.

Responsibilities:

• Leads the underwriting of secured and unsecured transactions to Commercial Real Estate clients, including real estate secured construction and term debt, bridge financing, and subscription lines
• Performs the requisite due diligence once a credit opportunity is mandated, preparing the approval request documents, receiving final loan approval on a timely basis, and participating in the loan closing process
• Collaborates with the client, relationship coverage team, and product partners, as applicable, to facilitate timely and client-centric loan closings
• Leads the end-to-end process for loan modifications and extensions on existing loans including structuring, due diligence, gaining approval, and closing
• Completes Scheduled Exposure Reviews (SERs) and Risk Rating Scorecards for adversely risk rated loans for approval, and presents SERs at quarterly SER meetings

Required Qualifications:

• 2+ years of professional experience within a bank or financial institution, with direct, hands‑on involvement in credit underwriting, credit analysis, or commercial lending activities
• Knowledge of the primary functions of the Commercial Real Estate Banking teams at Bank of America
• Familiarity with core banking products
• Understanding of the regulations that govern CRE lending.
• Solid experience in financial analysis, structuring, underwriting and portfolio management.
• Strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring.

Desired Qualifications:

• Bachelor’s degree in finance, accounting or related major
• Knowledge of Bank of America products including Investment Banking, Interest Rate Hedging, and Treasury Management.
• Ability to leverage product expertise to deliver the best possible and optimally integrated strategic solution for the client or prospect.

Skills:

• Credit and Risk Assessment
• Financial Analysis
• Underwriting
• Written Communications
• Analytical Thinking
• Attention to Detail
• Customer and Client Focus
• Due Diligence
• Oral Communications
• Collateral Management
• Interpret Relevant Laws, Rules, and Regulations
• Legal Structures and Legal Forms
• Loan Structuring
• Prioritization

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110)Pay and benefits informationPay range$91,200.00 - $140,200.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.