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Specialty (SBA) Credit Underwriter II/Specialty (SBA) Sr. Credit Underwriter

Phoenix, Arizona;Chicago, Illinois; Atlanta, Georgia; Phoenix, Arizona; Charlotte, North Carolina; Saint Louis, Missouri

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Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position.

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To proceed with your application, you must be at least 18 years of age.

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Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position.

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Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

The Specialty Channel Underwriter role is responsible for Business Banking underwriting, structuring and approving credit actions for new and existing Small Business Administration (SBA) credit requests. Exercises single signature approval authority for credit exposure per applicable approval grids. Credit decisions must meet underwriting quality and risk management standards and comply with bank and SBA policies and procedures. Strong credit skills with ability to work independently and reach credit decisions timely and efficiently. May participate in projects and initiatives to achieve strategic objectives of the organization. This role reports to the Specialty Credit Manager that support Small Business Administration.

Responsibilities:

+ Analyze, underwrite, and approve credit solutions for existing and new clients; approve SBA requests in accordance with applicable credit approval grid

+ Conduct credit analysis including financial spreads, risk rating scorecards, industry assessment, business and personal cash flow; complete Credit Approval documentation

+ Evaluate credit worthiness and provide analysis and decisioning on whether a client should be approved for an SBA credit facility

+ Ensure underwriting complies with Bank credit policy and procedures and Small Business Administration SOP

+ Partner with Relationship Managers, Solution Advisors, Commercial Business Development Officers and Risk teammates to assess and deliver SBA credit solutions

+ Ensure data quality of credit related client and deal information

+ Mentor and assist junior team members as applicable

Skills:

+ Attention to Detail

+ Credit and Risk Assessment

+ Financial Analysis

+ Underwriting

+ Written Communications

+ Analytical Thinking

+ Credit Documentation Requirements

+ Financial Forecasting and Modeling

+ Recording/Organizing Information

+ Business Acumen

+ Collaboration

+ Collateral Management

+ Loan Structuring

+ Prioritization

Required Qualifications:

+ Minimum of 5 years of commercial underwriting and credit analysis (Business Banking, Middle Market, Leveraged Finance, etc.)

+ Minimum of 2 years of SBA lending experience preferred

+ Formal commercial credit training or equivalent work experience

+ Industry knowledge across multiple sectors

+ Prior experience in a high volume production environment

+ Superior teamwork skills in the commercial market space

+ Strong communication skills; ability to communicate vertically, horizontally, and externally

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent. Bachelor's degree or equivalent work experience, preferably in business administration, finance, accounting or economics preferred

Shift:

1st shift (United States of America)

Hours Per Week:

40

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, 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.

View your "Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) " poster.

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.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 alc...

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