Bank Of America Credit Manager/Sr Underwriter Global 

United States, North Carolina, Charlotte 

838399335

Job Description:

Job Description:
Manages the end-to-end credit process for a portfolio of Private Wealth Management clients and works with the Central Administration Unit to effectively monitor deals post close including the resolution/elevation of past due issues. May approve and provide expertise on less complex transactions within markets supported. Responsible for taking on certain leadership responsibilities within the team which may include coaching and mentoring of more junior credit specialists/analysts within GWIM Credit Services, pipeline management for specific markets, involvement in policy development and project management to improve processes, and subject matter expertise for specific loan products.

Typically requires 10+ years of credit experience and a keen understanding of loan product/underwriting guidelines, complex structuring and documentation issues, and effective communications skills to work constructively with business partners and clients.

Responsibilities:

The purpose of the CM is to collaborate with sales, credit and risk partners to deliver custom credit solutions for our clients through underwriting excellence.

Support loan growth through quality underwriting activities

Build credibility by developing, deepening, and sustaining a value-driven relationship with business partners

Collaborate with Sales, Risk, Operations, and Portfolio Management to deliver seamlessly, execute transactions in a timely manner, and operate the business inside of established metrics

Maintain asset quality, identify, escalate, and debate issues and deliver accurate and consistent data

Create a client-centric culture with in-depth knowledge of clients, timely renewals and issue resolution, and competitive deal structuring as a key partner to the CE and LOB

Complete Credit Approval Memos (CAM) and Modifications to obtain credit approval for complex, custom loan products (marketable securities, commercial real estate, fine art, hedge fund, yacht, unsecured and subscription finance)

Serve as main point of contact for regional portfolio of credit relationships

Synthesize appropriate financial information to understand the client’s financial standing, including liquidity, leverage, cash flow, key risks/mitigants and legal structure (trusts, special wealth vehicles, etc.) and apply sound reasoning to arrive at an appropriate credit decision

Ability to cut to the heart of a complex issue and document in a clear and concise manner

Provide advanced lending guidance and policy expertise with upfront deal discussions and structuring

Consistently apply established procedures, policies, and practices to make financial decisions (accurate spreads, risk rating, financial modeling, necessary approvals, etc.)

Review and negotiate loan structure and covenants during documentation process, according to creditworthiness, collateral, and risk appetite

Proactively manage pipeline and timely deal flow of new and existing transactions

Day to day management of loan portfolio in conjunction with partners to ensure timely and accurate execution of collateral releases, SER preparation, renewals, resolution of failed covenants, risk rating migrations, CREEAS input, loan modifications and waivers, and past dues

Identify, recommend and lead process improvements

Train, develop and mentor new and junior team members

Serve as product, procedure and/or policy subject matter expert

Performs back-up responsibilities for Underwriting Manager

Required Qualifications:

7+ years of commercial / private wealth management credit experience
(note: position may be filled as a Sr. Credit Underwriter, requiring 3 - 7 years of experience)

Strong financial analysis, accounting skills, and deal structuring for borrowers with complex balance sheets and income streams

Strong negotiation and communication skills Proficiency in Word, Excel and PowerPoint

Excellent interpersonal skills and the ability to build business partnerships with risk, services and client teams who may not be co-located

Desired Qualifications:

10+ years of commercial/private wealth management credit experience

Formal Credit Training and/or Commercial/Wealth Management credit experience preferred

Bachelor’s degree in business administration, finance, accounting or economics preferred

Adaptability

Attention to Detail

Prioritization

Result Orientation

Written Communications

Collaboration

Continuous Improvement

Critical Thinking

Data Quality Management

Issue Management

Customer and Client Focus

Innovative Thinking

Oral Communications

Problem Solving

Risk Management

High School Diploma / GED / Secondary School or equivalent