Underwriter/Senior Underwriter II - Asset Based Finance

OverviewUnderwriter/Senior Underwriter II - Asset Based Finance at Bank of America. This role involves working directly with business development officers, relationship managers, investment bank, capital markets teams and product specialists to develop, structure, analyze, covenant, document, fund and close transactions. The role covers a broad range of transactions from large corporate/private equity to core middle market and requires interaction with clients, financial sponsors/intermediaries, outside accountants, legal counsel and field examiners. A solid understanding of BANA and BABC credit policies and regulatory requirements is needed to respond quickly during underwriting, documentation and closing processes.Job DetailsBase pay range: $94,500.00/yr - $200,000.00/yrShift: 1st shift (United States of America). Hours Per Week: 40Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalentLocation: Chicago, IL (as applicable to job postings)ResponsibilitiesAnalyzing new prospects for credit quality and Asset Based Lending potential, including financials and projectionsEvaluate collateral from a broad spectrum of industries for suitability for asset-based facilitiesAssist in negotiation of term sheets and credit agreements with prospective clientsPrepare internal documentation to evaluate new opportunities including pre-screens and final approval documentationWork closely with risk management on approvals; present borrower and structure to risk committee to secure deal approvalCoordinate with outside counsel and other third parties, including appraisers and field examiners, to document and close transactionsRequired Qualifications3+ years experience credit, underwriting, and structuring of corporate lending transactions for the AB Underwriter; 7+ years for the AB Sr. Underwriter IIDeep knowledge of Legal Documentation (commitment papers, term sheets, credit agreements, intercreditor agreements, etc.)Able to establish and maintain collaborative partnerships with internal and external clientsAbility to navigate multiple client and support organizations and engage resources through various business partners to achieve outcomesDesired Qualifications10+ years asset-based experienceFamiliarity with asset-based lending across broad industries, including sector-specific risks and nuancesBA/BS Degree with concentration in Finance, Accounting or relatedSkillsAnalytical ThinkingAttention to DetailFinancial AnalysisLoan StructuringUnderwritingCollaborationDecision MakingNegotiationProblem SolvingWritten CommunicationsBusiness AcumenClient ManagementPortfolio ManagementPrioritizationExecutive PresenceEmployment typeFull-timeJob functionFinance and SalesIndustries: Banking #J-18808-Ljbffr

Created: 2025-09-17