Bank Of America Team Leader 

India, Telangana, Hyderabad 

331722722

Process Overview*

Global Commercial Real Estate group deals with the Commercial mortgage backed securities & Asset Backed Securities. Commercial Mortgage Backed Securities (CMBS) are securities backed primarily by the cash flows of a mortgage or pool of mortgages on commercial real estate. The fundamental purpose of CMBS is to link sources of capital to users of capital – creating a vehicle that the investors involved in the fixed income capital markets can use to lend money to the real estate owners. Asset-backed securities, called ABS, are bonds or notes backed by financial assets. Typically these assets consist of receivables other than mortgage loans, such as credit card receivables, auto loans, manufactured-housing contracts and home-equity loans.

Job Description:

GCRE team supports the Line of business on different activities covering various aspects of Origination & Underwriting of Commercial Mortgage Loan & Asset Backed Securities. Here is a brief about few of the activities. The associate will be supporting on any one or group of activities based on business requirement.

• Underwriting - As a Lender, Bank of America does a thorough underwriting of the underlying mortgage before funding a loan by considering different aspects such as Financial Performance, Loan to Value, Credit Worthiness, Property Condition, Occupants, Market, Location and accessibility. The BA Continuum supports the US underwriting team with the following activities.

 Appraisal Report

 Property Condition Report

 Seismic Report

 Lease Review

 Rent Roll Analysis

• Asset Backed Securities - Asset-backed securities, called ABS, are bonds or notes backed by financial assets. Typically these assets consist of receivables other than mortgage loans, such as credit card receivables, auto loans, manufactured-housing contracts and home-equity loans.

Responsibilities*

1. Review and update Third Party Reports & Rent Roll in Backshop

2. Review Lease Agreements and complete the Lease Reviews

3. Complete the Quality Check of loans during funding stage of loan cycle

4. Sizing of Loans with the available Borrower Package

5. Support on the credit monitoring of ABS deals through portfolio statistics

6. Work on monthly reporting activities for ABS portfolio

Requirements:

Commerce Graduate (B.Com /M.Com/MBA)

Certifications If Any

Experience Range*

7 to 10 years

Foundational skills*

• Knowledge of Commercial Mortgages & Asset Backed Securities

• Knowledge of General Accounting & Principles

• Knowledge of Financial and Capital Markets

• Excellent Oral & Written Communication Skills

Desired skills

• Ability to work well under pressure

• Excellent problem solving & analytical skills

• Highly motivated individual with a diverse background in financial analysis

Work Timings*

09:30 AM to 06:30 PM IST