Credit Analyst II/General Industries - Global Corporate & 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.

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Job Description

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
• Evaluates credit worthiness and provides analysis and decisioning on whether a client should receive a credit facility
• Partners with Credit Officers, Corporate Banking, and Risk teammates to assess and deliver credit solutions
• Monitors the client's operating performance and financial condition, proactively identifying issues and opportunities
• Delivers financial modeling, loan structure, industry, economic, and other analyses to team members to support the loan decision-making process
• Ensures adherence to credit policies, guidelines, procedures, and applicable regulatory requirements

Required Qualifications

• 1+ years of relevant experience in commercial and/or corporate credit underwriting related activities.
• Demonstrated working knowledge of financial and accounting concepts, with the ability to apply them in credit or financial analysis
• Strong written and verbal communication skills, with the ability to clearly summarize financial performance, risks, and recommendations
• Ability to effectively manage multiple priorities and deadlines in a fast-paced, transaction-oriented environment
• Proficiency in Microsoft Excel, including use for financial analysis, modeling, and data review
• Strong attention to detail and sound judgment when working within credit policies, procedures, and regulatory guidelines

Desired Qualifications

• Bachelor’s degree in finance, accounting, economics, or a related field
• Experience supporting credit underwriting, risk rating, or loan approval processes
• Exposure to financial modeling, cash flow forecasting, covenant testing, or profitability analysis
• Familiarity with commercial lending products, credit policies, or relevant regulatory requirements
• Experience partnering with relationship managers, credit officers, or risk teams

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
• Credit Documentation Requirements
• Recording/Organizing Information
• Collateral Management
• Loan Structuring

Shift

1st shift (United States of America)

Hours Per Week

40

Pay Transparency details

• US
• IL
• Chicago - 110 N Wacker Dr
• Bank Of America Tower Chicago (IL4110)

Pay and benefits information

Pay range

$90,000.00 - $100,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.