Senior Credit Underwriter – Asset Based Lending
Core
Evaluating financing opportunities, underwriting credit exposure, and negotiating loan documentation for new customers of Bank of America Business Capital (BABC) via Asset-Based Lending (ABL) facilities.
Role type
Senior Credit Underwriter (Asset-Based Lending)
Builds
ABL credit facilities collateralized by accounts receivable and inventory for manufacturers, distributors, and service companies.
Domain
Banking / Corporate Lending / Asset-Based Lending
Required skills
Credit underwriting, Financial modeling, Loan structuring, Collateral management, Credit documentation, Risk assessment, Financial analysis, Industry analysis, Negotiation, Regulatory compliance
Preferred skills
Asset-based lending experience across broad industries, Formal credit training, Sound judgment and speed
Technologies
None stated
Responsibilities
Manage portfolios of clients with limited to moderate complexity; Independently work with Relationship Management and Risk teammates to understand structuring needs; Deliver financial modeling and loan structure analysis; Review work of junior teammates and provide coaching; Lead loan structure conversations and completion of loan documentation; Interface directly with clients, financial sponsors, and external third parties (accountants, legal counsel, appraisers); Evaluate creditworthiness and provide analysis on whether a client should receive a credit facility; Monitor client operating performance and financial condition; Analyze new prospects for credit quality and ABL potential; Evaluate collateral suitability; Assist in negotiation of term sheets and credit agreements; Prepare internal documentation for new opportunities; Work with risk management to secure deal approval.
Seniority
Senior, hands-on IC