Senior Underwriter II – Asset Based Finance
| Company | Bank of America |
|---|---|
| Location | Chicago, IL, USA, Charlotte, NC, USA, New York, NY, USA, Atlanta, GA, USA |
| Salary | $115000 – $200000 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Senior, Expert or higher |
Requirements
- 7+ years experience credit, underwriting, and structuring of corporate lending transactions.
- Deep knowledge of Legal Documentation (commitment papers, term sheets, credit agreements, intercreditor agreements, etc.)
- Able to establish and maintain collaborative partnerships with both internal and external clients.
- Easily navigates multiple client and support organizations; able to engage and gather resources through various business partners in order to achieve successful outcomes.
Responsibilities
- Analyzing new prospects for credit quality and Asset Based Lending potential, including financials and projections
- Evaluate collateral from a broad spectrum of industries for suitability for asset-based facilities.
- Assist in negotiation of term sheets and credit agreements with prospective clients.
- Prepare internal documentation to evaluate new opportunities to include pre-screens and final approval documentation.
- Work closely with risk management on approvals; present borrower and structure to risk committee in order to secure deal approval.
- Work with outside counsel and other third parties, including appraisers and field examiners, to document and close transactions.
Preferred Qualifications
- 10+ years asset-based experience
- Familiarity with asset-based lending across broad industries, including specific sector risks and nuances
- BA/BS Degree with concentration in Finance, Accounting or related