Senior Credit Underwriter/Credit Underwriter II - Custom Lending - Global Wealth & Investment Management

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 performing risk assessment and repayment capacity analysis (i.e., financial, borrower, industry, etc.) and preparing transaction justification for moderately complex/complex transactions with limited oversight.

Key responsibilities include documenting credit analysis, independently assessing historic and projected borrower financial information, evaluating adherence to policy and procedure, providing loan structure analysis and recommendations, and monitoring portfolio performance.

The Senior Credit Underwriter/Credit Underwriter II (SCU/CUII) partners closely with the Credit Advisor (CA) to develop and expand custom lending relationships with strategic wealth clients. This role supports responsible and profitable loan and revenue growth while also managing a portfolio of existing credit relationships.

The SCU/CUII is responsible for performing and documenting comprehensive financial analysis to support credit decisions for ultra-high-net-worth clients-including individuals, family offices, trusts, and specialized wealth entities-ensuring full adherence to applicable policies, procedures, and GWIM underwriting standards and guidelines.

This role can be filled as a Sr Credit Underwriter or a Credit Underwriter II or a Credit Analyst III depending on experience.

Responsibilities

Evaluates credit worthiness and provides analysis and decisioning on whether a client should receive a credit facility

Partners with Credit Officers, Relationship Management, and Risk teammates to assess and deliver credit solutions

Monitors the client's operating performance and financial condition, proactively identifying issues and opportunities

Delivers financial modeling, loan structure, industry, economic, and other analysis to team members to support the loan decision-making process

Ensures adherence to credit policies, guidelines, procedures, and applicable regulatory requirements

Necessary Activities (Includes but not limited to)

Complete Credit Approval Memos (CAMs) and modifications to secure credit approval for complex, custom loan products, including marketable securities, commercial real estate, fine art, hedge fund, yacht, unsecured, insurance, private equity, and subscription-finance facilities

Synthesize comprehensive financial information to assess liquidity, leverage, cash flow, key risks/mitigants, and legal structures (trusts, special wealth vehicles, etc.), applying sound judgment to support appropriate credit decisions

Distill complex issues to their core components and document findings clearly, concisely, and accurately

Consistently apply established policies, procedures, and underwriting practices, including accurate financial spreading, risk rating, financial modeling, and required approvals.

Provide lending guidance, structural recommendations, and policy expertise during upfront deal discussions with partners

Review, negotiate, and refine loan structures and covenants during the documentation process based on borrower creditworthiness, collateral, and overall risk appetite.

Proactively manage deal pipeline and ensure timely progression of new and existing transactions

Oversee day-to-day management of assigned loan portfolio, ensuring timely and accurate execution of collateral releases, SER preparation, renewals, covenant resolution, risk-rating updates, loan modifications/waivers, and past-due remediation

Identify opportunities to streamline workflows and recommend process improvements.

Mentor and develop Credit Underwriters, supporting skill growth and consistent underwriting quality

Required Qualifications

Strong financial analysis, accounting skills, and deal structuring for borrowers with complex balance sheets and income streams

For the Sr Credit Underwriter role, 10+ years of commercial and/or private wealth management credit experience required. For the Credit Underwriter II role, 2+years of commercial and/or private wealth management credit experience required,

Strong negotiation and 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 Qualifications

Formal Credit Training and/or Commercial/Wealth Management credit experience preferred

Bachelor's degree in business administration, finance, accounting or economics preferred

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

Portfolio Management

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

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 range

$62,000.00 - $175,000.00 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.