Senior Credit Underwriter – Asset Based Lending

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This job is responsible for supporting credit underwriting and monitoring for new and existing clients in partnership with a credit team. Key responsibilities include independently managing transactions or portfolios of limited to moderate complexity, completing and reviewing credit analysis, evaluating risks, and writing financial analysis. Job expectations include leading the process, ensuring timely and accurate analysis, and coaching teammates on credit requirements. The Senior Credit Underwriter is primarily responsible for evaluating financing opportunities, underwriting credit exposure and negotiating loan documentation for new customers of Bank of America Business Capital (BABC). BABC, part of Bank of America’s Enterprise Credit division, provides ABL loans in a variety of industries including manufacturers, distributors, service companies, etc. BABC’s ABL credit facilities range from $5 million to over $2 billion in size and are collateralized primarily by accounts receivable and inventory.

Manages a portfolio of clients supporting underwriting and/or monitoring requirements with limited to moderate complexity Independently works with Relationship Management, and Risk teammates to understand structuring needs and requirements Delivers financial modeling, loan structure, industry, economic, and other analyses to team members to support the loan decision-making process Reviews work of junior teammates to provide feedback/coaching and ensure compliance with laws, rules, regulations and policy procedure Has credit approval for certain credit actions Leads loan structure conversations and completion of loan documentation with internal/external legal partners Works in a team setting with business development officers, relationship managers and/or product specialists and are responsible to develop, structure, analyze, covenant, document, fund and close ABL transactions. Interfaces directly with clients and prospects, financial sponsors and/or financial intermediaries (including outside accountants, legal counsel, appraisers, field examiners, etc.).  Must gain a full understanding of Bank of America credit policies and procedures in order to identify and resolve issues during the underwriting, documentation and closing processes. Evaluates creditworthiness and provides analysis and decisioning on whether a client should receive a credit facility Partners with Credit Officers, Relationship Management, and