Commercial Credit Underwriter – Vancouver or
6 months ago
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. In Canada, Bank of America has a strong market position on which to continue to build, as well as a clear commitment to the market.
**Description**
The Wholesale Credit organization is responsible for structuring and underwriting debt financing solutions for middle market businesses. As a core member of the client team, Wholesale Credit partners with groups including Commercial Banking, Investment Banking, Syndicated Finance, Risk Management, Treasury Management, and Global Markets to drive revenue growth while maintaining appropriate risk disciplines specific to the commercial credit portfolio. The Commercial Credit Underwriter reports to the Commercial Credit Manager and partners closely with Credit Officers and Analysts.
This role can be filled in either Vancouver or Calgary.
**Responsibilities**
The Commercial Credit Underwriter is responsible for:
- Underwriting and structuring of straightforward and complex credit transactions with mínimal oversight from the Credit Officer (CO)/Commercial Credit Manager (CCM)
- Leading the credit approval process with assistance from the CCM as needed for clients without CO coverage and is an active participant with the CO in credit approval process for complex clients/transactions
- Leading the documentation and closing for straightforward credit transactions and has an active role with the CO in documentation and closing for complex transactions
- Providing ongoing management and primary accountability for all monitoring and maintenance activities on an assigned portfolio, including a higher composition of complex client relationships
- Monitoring clients operating performance and financial condition to proactively identify issues and opportunities
- Delivering financial, industry, economic and other analysis to facilitate decision making, while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements
- Providing ongoing coaching and support to other Credit team members
**Required Skills**:
- BS/BA degree and 5+ years of solid experience in financial analysis, structuring, middle market underwriting and portfolio management
- Strong analytical and technical skills, including financial accounting, modeling and loan structuring
- Strong communication skills
- Demonstrates strong critical thinking
- Able to work in a team and independently
- Strong attention to detail and superior organizational and task management skills
- Self-motivated, positive attitude, and high energy are a must
- Professional designations being preferred (e.g. CFA, MBA)
**What Bank of America Offers**
Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.
Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.
**Bank of America is an Equal Opportunity Employer.
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