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Bank Of America GCIB GMC Associate/Analyst – Power & Utilities United States, North Carolina, Charlotte 961342296
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.Credit Analysts and Associates conduct intensive qualitative and quantitative analysis on company, industry and macroeconomic factors to support credit decisions for GCIB clients. Analysts and Associates will be deeply involved with underwriting, structuring and documenting financial solutions to meet client credit needs related to working capital loans, M&A financing, hedging, leasing and treasury management products.
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
- Trains, coaches, and mentors Credit Analysts
- Completing comprehensive analysis on client financial statements
- Identifying and monitoring client and industry risk trends
- Developing financial statement forecasts and enterprise valuations
- Modeling transaction and relationship profitability
- Discussing the merits of financing transactions from a credit risk and relationship perspective
- Reviewing legal documentation related to loans and derivatives
- Writing credit memorandums to summarize your analysis and conclusions
- Assisting Credit Officers with structuring, underwriting and documenting credit solutions for clients and with managing client relationships
Required Qualifications:
- 3+ yearsCorporate Banking Credit experiencefor the Associate role. 2+ yearsCorporate Banking Credit experience for the Analyst role.
- Robust understanding of corporate finance and accounting concepts
- Proficiency in Microsoft Excel
Desired Qualifications:
- Bachelor's Degree, preferably with emphasis in finance, accounting or economics
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
- Excellent writing and verbal communication skills
- Effective time management skills with ability to balance multiple competing priorities
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