Credit Underwriter II-Covered/Commercial Real Estate Banking

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 job is responsible for supporting credit underwriting and monitoring for new and existing clients in partnership with a credit team. Key responsibilities include completing and reviewing credit analysis, evaluating risks, reviewing work by less experienced teammates, and writing financial analysis for approval or monitoring. Job expectations include leading the process, ensuring timely and accurate analysis, and coaching teammates on credit requirements.

This role supports Commercial Real Estate credit underwriting and portfolio monitoring for new and existing clients in partnership with the Credit Officers, Relationship Management, and Risk. Key responsibilities include preparing and reviewing credit analyses, assessing risk, reviewing work completed by less experienced teammates, and drafting financial analyses for approval or ongoing monitoring. The role is expected to lead the underwriting process, deliver timely and accurate analyses, and coach teammates on credit requirements.

Responsibilities:

Leads the credit analysis process with the support of other analysts and associates

Partners with Credit Officers, Relationship Management, and Risk teammates to understand structuring needs and requirements

Monitors operating performance and financial condition, proactively identifying issues and opportunities

Assists in delivery of financial modeling, loan structure, industry, economic, and other analyses to team members to support the loan decision-making process

Reviews work of junior teammates to provide feedback/coaching and ensure compliance with laws, rules, regulations and policy procedure

Has credit approval for certain credit actions

Participates in loan structure conversations and completion of loan documentation with internal/external legal partners

Gathers, manages and reviews additional due diligence and third-party reports once deal is mandated

Prepares credit packages and circulates for approval

Responsible for Flood Process and regulatory data capture associated with deal closings

Completes renewals, material modifications and extensions (non-preapproved)

Completes Treasury-related requests, including card and ACH facilities for credit clients only

Partners closely with the Credit Officer and Loan Administration team in loan closings

Required Qualifications:

5+ years commercial real estate credit related experience

Financial analysis, underwriting and portfolio management experience

Financial accounting, financial modeling and loan structuring experience

Desired Qualifications:

Bachelor’s degree in finance, accounting, economics or similar

Certificate from accredited real estate educational program

Large money center bank experience

CRE underwriting experience

Commercial Credit Training

Skills:

Attention to Detail

Credit and Risk Assessment

Financial Analysis

Underwriting

Written Communications

Analytical Thinking

Credit Documentation Requirements

Financial Forecasting and Modeling

Recording/Organizing Information

Business Acumen

Collaboration

Collateral Management

Loan Structuring

Prioritization

Shift: 1st shift (United States of America)

Hours Per Week: 40

Pay Transparency details

US - CA - San Francisco - 555 California St - Bofa Center - 555 California (CA5705)

Pay and benefits information

Pay range

$103,000.00 - $141,000.00 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.