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Underwriter - Commercial Real Estate Banking

Chicago, Illinois

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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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This job is responsible for performing commercial real estate credit analysis, preparing supporting deal justification, and closing credit facilities. Key responsibilities include underwriting aspects of real estate credit transaction (e.g., construction loan, term loan, revolving credit facility) for all product types, due diligence processes, performing material modifications to existing facilities, and advising the portfolio/coverage teams on any post-closing credit actions as needed. Job expectations may include driving operational excellence and influencing leaders, peers, and clients.

Responsibilities:

+ Leads the loan underwriting for Real Estate Commercial Banking clients, including term debt, lines of credit, construction and bridge loan opportunities.

+ Performs the requisite due diligence once a credit opportunity is mandated, preparing the approval request documents, receiving final loan approval on a timely basis, and participating in the loan closing process.

+ Collaborates with the client, relationship coverage team, and product partners, as applicable, to facilitate timely, client-centric loan closings. Occasional travel for client meetings and project tours also required.

+ Leads the end-to-end process for loan modifications and extensions on existing loans including structuring, due diligence, approval, and closing.

+ Completes Scheduled Exposure Reviews (SERs) and Risk Rating Scorecards for adversely risk rated loans. Underwriter then presents SER at quarterly SER meetings.

+ Proactive management of many parties involved in a closing

Required Qualifications:

+ 3+ years of Commercial Real Estate Credit experience.

+ Experience analyzing and interpreting commercial real estate financial statements.

+ Must have financial modeling experience.

Desired Qualifications:

+ Bachelor’s degree in finance, accounting or related major

+ 5+ years of Commercial Real Estate industry and Enterprise Credit experience

Skills:

+ Credit and Risk Assessment

+ Financial Analysis

+ Underwriting

+ Written Communications

+ Analytical Thinking

+ Attention to Detail

+ Customer and Client Focus

+ Due Diligence

+ Oral Communications

+ Collateral Management

+ Interpret Relevant Laws, Rules, and Regulations

+ Legal Structures and Legal Forms

+ Time Management and Prioritization

+ Collaboration

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.

To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) .

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 alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.