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Bank Of America GCIB GMC Associate/Analyst United States, New York, New York 837139171
Job Description:
Job Description:
This job is responsible for analyzing and interpreting a client's credit worthiness, evaluating credit risks, and writing credit approval memos for annual renewals and new lending opportunities. Key responsibilities include analyzing qualitative and quantitative data such as client's financials, projections, industry data, covenant compliance, and collateral appraisals to ensure compliance with the bank's risk appetite. Job expectations include completing regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of new transactions.
Performs credit analysis in support of the origination, underwriting and portfolio management process for U.S. Banks and Brokers clients within Global Corporate and Investment Banking. Product focus primarily geared toward traded products and syndicated and bilateral revolving credit. Additional exposure to Treasury/Cash Management and Leases. Active portfolio with tight turnaround times.
Job Responsibilities:
- Analyzes client's financial performance by comparing it to past performance, projections, and industry standards
- Reviews financial statements, assesses the client's compliance with financial covenants, and renews risk ratings, while recommending changes as warranted
- Assists in the underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures
- Evaluates transaction and relationship risk-adjusted profitability to facilitate the allocation of capital
- Builds projection models for the client (as needed) based on historical performance, industry forecasts, and other due diligence findings
- May train, coach mentor Credit Analyst
Credit coverage of asset manager corporate and financial technology clients in addition to fund level mutual fund redemption facility clients.
Manage the end-to-end credit approval process by managing analysts and the portfolio monitoring team-work flow to ensure quality of work and timeline management of deliverables.
Conduct financial statement analysis, assess business and industry risks, negotiate credit agreement documentation, and prepare credit approval memorandum.
Required Qualifications:
- 3+ years commercial and/or corporate banking credit experience for Associate role, 1 + yrs experience for Analyst role
- Must have commercial credit analysis, financial modeling, traded products and underwriting experience
- Must have proficient Excel, Microsoft Word and Power Point skills
Desired Qualifications:
- Formal credit training
- Strong foundation in finance and accounting with experience building three statement and/or cash flow financial models.
- Bachelor’s Degree in finance, accounting or another related field
Skills:
- Analytical Thinking
- Financial Analysis
- Financial Forecasting and Modeling
- Profitability Analysis
- Research Analysis
- Attention to Detail
- Business Acumen
- Credit and Risk Assessment
- Underwriting
- Written Communications
- Collaboration
- Critical Thinking
- Portfolio Analysis
- Prioritization
- Technical Documentation
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