Senior Underwriter/Underwriter - Commercial Real Estate Banking
San Francisco, California;Seattle, Washington
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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!
Job Description:
This position can be filled as a CREB Originations Senior Underwriter (SUW) or a CREB Originations Underwriter (UW), depending upon the candidates experience level. The SUW/UW is responsible for performing deal analysis, preparation of supporting justification, and processing approvals. The SUW has understanding of key policies and regulations for applicability/impact to a transaction. The SUW/UW is a senior member of the CREB market team, is aligned to Line of Business region/market, working with the Credit Officer in a specific market and is assigned a portfolio of clients. The SUW/UW is typically an individual contributor who reports to a CREB Senior Credit Product Manager. However, the SUW/UW pairs with a Credit Officer based on assigned relationships and they work as a team to jointly originate new credit transactions as well as perform material modification to existing facilities. Successful candidates will possess functional expertise and will have demonstrated strong performance with a focus on collaboration, driving operational excellence and the ability to influence leaders, peers and clients. Credit products include, but not limited to, CRE secured construction/term/bridge, subscription, unsecured, traded product exposure.
Responsibilities:
Assess and analyze New/Modification Credit exposures, including analysis of Collateral, Market, Sponsor/Guarantor to support proposal to extend Credit.
Support Credit Officer on screening memos and term sheets.
Data capture for new originations.
Prepare approval documents and manage closing due diligence.
Activities associated with origination, renewal, modification and extension of existing facilities where terms are being changed (i.e. extensions beyond final maturity, commitment increases, material covenant changes), including risk rating scorecard preparation and profitability modeling.
Process formal Credit Action through the approval system.
Required Qualifications:
2+ years of Commercial Real Estate Credit Experience for the Underwriter. and 5+ years of Commercial Real Estate Credit Experience for the Sr. Underwriter.
Must be contented with financial analysis skills.
Ability to communicate effectively both verbally and written, with clear, concise, and conclusionary statements.
Proficient with Microsoft Office and the ability to master new technologies.
Desired Qualifications:
Bachelor's Degree
Prior Money Center Bank or Regional Banking Experience
Skills:
Credit and Risk Assessment
Customer and Client Focus
Financial Analysis
Underwriting
Written Communications
Analytical Thinking
Attention to Detail
Collateral Management
Due Diligence
Oral Communications
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
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
To view Bank of America's Drug-free Workplace and Alcohol Policy, CLICK HERE .
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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
