Credit Analyst II - Healthcare/Global Commercial & Investment Banking

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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!

This job is responsible for analyzing and interpreting a client's credit worthiness, evaluating credit risks, and writing credit approval memos for annual renewals and new lending opportunities. Key responsibilities include analyzing qualitative and quantitative data such as client's financials, projections, industry data, covenant compliance, and collateral appraisals to ensure compliance with the bank's risk appetite. Job expectations include completing regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of new transactions.

Responsibilities:

• Analyzes client's financial performance by comparing it to past performance, projections, and industry standards
• Reviews financial statements, assesses the client's compliance with financial covenants, and renews risk ratings, while recommending changes as warranted
• Assists in the underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures
• Evaluates transaction and relationship risk-adjusted profitability to facilitate the allocation of capital
• Builds projection models for the client (as needed) based on historical performance, industry forecasts, and other due diligence findings
• To provide analytical and other support for credit officers, and confidently interact with origination (Corporate Banking, Investment Banking, Global Markets, Global Transaction Services, etc.), risk and other support functions to support balanced portfolio growth
• To analyze customer financial strength, business strategy, market factors, and regulatory environment to prepare credit memos and support management of a portfolio of large corporate relationships.
• To develop familiarity with various legal documents – trading documentation (ISDAs & CSAs), syndicated loan agreement, security agreements, compliance certificates, guarantees, letters of credit, etc.
• To maintain close working dialogue with business partners and analyze opportunities / risks thoroughly, and to provide the most appropriate financial solutions to clients and the bank
• To develop product knowledge - a wide range of credit products including loans, derivatives, trade finance, cash management and treasury products

Required Qualifications:

• 1+ years of commercial and/or corporate banking credit underwriting related experience, preferably in a bank or large financial institution
• Basic knowledge in capital market transactions as well as banking products
• Proficiency in Excel, including the use of formulas and data analysis tools
• Demonstrated experience analyzing financial statements
• Demonstrated application of foundational accounting principles in credit, financial, or analytical work.
• Ability to interpret income statements, balance sheets, and cash flow statements
• Experience producing analytical written summaries

Desired Qualifications:

• Basic knowledge of corporate debt ratings
• Bachelor’s degree in Business Administration, Economics, Finance, Accounting, or related disciplines

Skills:

• Analytical Thinking
• Financial Analysis
• Financial Forecasting and Modeling
• Profitability Analysis
• Research Analysis
• Attention to Detail
• Business Acumen
• Credit and Risk Assessment
• Underwriting
• Written Communications
• Collaboration
• Critical Thinking
• Portfolio Analysis
• Prioritization
• Technical Documentation

Shift:

1st shift (United States of America)

Hours Per Week:

40