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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening 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, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This position is responsible for the delivery of integrated credit solutions to clients. Key responsibilities include underwriting and negotiating new transactions, partnering with client-facing teammates to consult on sales opportunities, and providing the product expertise to deliver effective client solutions. Job expectations include, ensuring accurate and timely analysis of financial statements and assignment of risk ratings. Evaluate and underwrite new end-user credit opportunities, including the identification and assessment of all strengths, weaknesses and risks (including operational) associated with the opportunity as well as identifying and describing mitigating factors. Responsible for the evaluation, review and written analysis of all factors that affect an entity’s ability to repay and/or service their obligations in a timely manner. The complexity of the entities and related transactions requiring analysis can vary over a wide spectrum of industries. The LCO II uses their skill set to assess the appropriateness of existing solutions and to propose optimal financing alternatives or additional financing solutions. They are involved in managing credit quality and the approval process through their interaction with Risk Management Officers, GVF Marketing Officers and Credit Products Managers.

Responsibilities:

• Evaluate new end-user credit opportunities including identification and assessment of risks and identifies mitigating factors
• Partner with client-facing teammates to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client
• Underwrite new transactions, analyze credit risk, negotiate and close transactions, while adhering to internal policy, procedures and regulatory requirements
• Structure the terms of a lease/loan with respect to the various aspects that make up a lease/loan (e.g. pricing, rates, payment, term, collateral)

Skills:

• Analytical Thinking
• Financial Analysis
• Financial Forecasting and Modeling
• Profitability Analysis
• Research Analysis
• Attention to Detail
• Business Acumen
• Credit and Risk Assessment
• Underwriting
• Written Communications
• Collaboration
• Critical Thinking
• Portfolio Analysis
• Prioritization
• Technical Documentation

Required Qualifications:

• 3+ years of commercial credit underwriting and credit analysis experience
• Must have effective presentation, structuring, financial statement and risk analysis skills

Desired Qualifications:

• Bachelor’s degree in Finance/Accounting or equivalent experience is preferred

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 information

Pay range

$73,000.00 - $149,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This 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.

Benefits

This 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.