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Job Description:
The CREB Senior Underwriter (SUW) 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 is a senior member of the CREB market team, is aligned to LOB regions/markets, working with the Credit Officer teams in a specific market and is assigned a portfolio of clients. The SUW is typically an individual contributor who reports to a CREB Senior Credit Product Manager. However, the SUW pairs with a Credit Officer based on assigned relationships and they work as a team to jointly underwrite and close new CRE transactions as well as perform material modification to existing facilities. The SUW will also advise the CREB portfolio group with any post-closing credit actions as needed.
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.
This position can be filled as a CREB Senior Underwriter or a CREB Underwriter.
Job 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.Required Qualifications: 5+ years of Commercial Real Estate Credit Experience for the CREB Sr Underwriter, 2+ yrs of Commercial Real Estate Credit Experience for the CREB UnderwriterStrong financial analysis skillsProficient with Microsoft Office and the ability to master new technologiesDesired Qualifications: Bachelor's DegreeSkills: Credit and Risk AssessmentCustomer and Client FocusAnalytical ThinkingAttention to DetailOral CommunicationsInterpret Relevant Laws, Rules, and RegulationsLegal Structures and Legal FormsLoan StructuringShift: 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 range $87,900.00 - $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.
Bank of America is committed to help employees through the transition period when they're displaced as a result of a workforce reduction, realignment or similar measure.
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