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AB Senior Underwriter II

AB Senior Underwriter II

Boston, Massachusetts;New York, New York; Philadelphia, Pennsylvania; Atlanta, Georgia

**Job Description:**

**Job Description**

Underwriters at Bank of America Business Capital are primarily responsible for evaluating financing opportunities, underwriting credit exposure and negotiating loan documentation for new customers. Bank of America Business Capital (BABC), part of the Wholesale Credit division, provides leveraged loans in a variety of industries including manufacturers, distributors and service companies.

The asset-based loan credit facilities range from $5 million to over $2 billion in size and are collateralized primarily by accounts receivable and inventory. The AB Senior Underwriter II is an experienced credit professional capable of independent activity on complex and sensitive credit transactions. Underwriters work in a team setting with business development officers, relationship managers and/or product specialists and are responsible to develop, structure, analyze, covenant, document, fund and close ABL transactions. Underwriters interface directly with clients and prospects, financial sponsors and/or financial intermediaries (including outside accountants, legal counsel, appraisers, field examiners, etc.). Full understanding of Bank of America and BABC credit policies is required to identify and resolve issues during the underwriting, documentation and closing processes.

**Required Skills:**

+ Background in credit, underwriting, and structuring of corporate lending transactions

+ Completion of a formal credit training program is desired

+ Familiarity with asset-based lending across broad industries is desired

+ Able to establish and maintain collaborative partnerships

+ Demonstrates strong team-minded behavior that creates win-win solutions that build trust

+ Demonstrates deep and broad business acumen - a strong business person with technical skills

+ Easily navigates multiple client and support organizations

+ Demonstrates sound judgment and acts with speed - able to achieve results quickly

+ Complex problem resolution abilities

+ Communicates crisply and candidly

+ Unquestionable business and personal integrity

**Job Band:**

H4

**Shift:**

1st shift (United States of America)

**Hours Per Week:**

40

**Weekly Schedule:**

**Referral Bonus Amount:**

0

**Job Description:**

**Job Description**

Underwriters at Bank of America Business Capital are primarily responsible for evaluating financing opportunities, underwriting credit exposure and negotiating loan documentation for new customers. Bank of America Business Capital (BABC), part of the Wholesale Credit division, provides leveraged loans in a variety of industries including manufacturers, distributors and service companies.

The asset-based loan credit facilities range from $5 million to over $2 billion in size and are collateralized primarily by accounts receivable and inventory. The AB Senior Underwriter II is an experienced credit professional capable of independent activity on complex and sensitive credit transactions. Underwriters work in a team setting with business development officers, relationship managers and/or product specialists and are responsible to develop, structure, analyze, covenant, document, fund and close ABL transactions. Underwriters interface directly with clients and prospects, financial sponsors and/or financial intermediaries (including outside accountants, legal counsel, appraisers, field examiners, etc.). Full understanding of Bank of America and BABC credit policies is required to identify and resolve issues during the underwriting, documentation and closing processes.

**Required Skills:**

+ Background in credit, underwriting, and structuring of corporate lending transactions

+ Completion of a formal credit training program is desired

+ Familiarity with asset-based lending across broad industries is desired

+ Able to establish and maintain collaborative partnerships

+ Demonstrates strong team-minded behavior that creates win-win solutions that build trust

+ Demonstrates deep and broad business acumen - a strong business person with technical skills

+ Easily navigates multiple client and support organizations

+ Demonstrates sound judgment and acts with speed - able to achieve results quickly

+ Complex problem resolution abilities

+ Communicates crisply and candidly

+ Unquestionable business and personal integrity

**Shift:**

1st shift (United States of America)

**Hours Per Week:**

40

Learn more about this role

Full time

JR-21033136

Band: H4

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Terry Hall

Referral Bonus:

0

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 and affirmative action, 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.

To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .

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 .

AB Senior Underwriter II

Full time
Philadelphia, PA

Published on 11/08/2021

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