Asset Based Underwriter

Company: Bank of America Corporation
Location: Fort Lauderdale
Posted on: November 26, 2022

Job Description:

Job Description:



This position focuses full-time on credit underwriting for Bank of America Business Capital's West Division ("Business Capital"). Business Capital is the number one asset based lender providing financing to manufacturers, distributors and service companies with loan requirements from $5 million to $2 billion. Loans support growth, acquisitions, restructuring, refinance, expansion, recapitalization and working capital.



Position focuses on credit underwriting and review of prospects and/or new credit relationships to Business Capital. The Underwriter is an experienced credit professional capable of activity on sensitive credit transactions.



Works in a team setting with relationship managers and product specialists and is responsible to develop, structure, analyze, covenant, document, fund and close ABL transactions. Interfaces directly with clients and prospects, financial sponsors and/or financial intermediaries (including outside accountants, legal counsel, appraisers, field examiners, etc.).



Responsibilities include working in a team format to deliver a superior product to our clients, investors and the Firm. Usually requires 2+ years of related credit experience.



Required Skills:



* 2+ years' experience in credit, underwriting, and structuring of lending transactions





* Bachelor's or Master's degree in finance, accounting, economics or business administration





* Completion of a formal credit training program is desired





* Familiarity with asset-based lending across broad industries





* Able to establish and maintain collaborative partnerships





* Demonstrates strong teaming behavior that creates win-win solutions that build trust





* Easily navigates multiple client and support organizations





* Demonstrates sound judgment and acts with speed - able to achieve results quickly





* Complex problem resolution abilities





* Communicates crisply and candidly





* Unquestionable business and personal integrity





* Sound financial statement analytical skills





* Must be detail focused and well organized





* Proactive/confident communication skills (both verbal and written) to interact with senior management, clients, attorneys, etc.







Shift:



1st shift (United States of America)



Hours Per Week:



40

Keywords: Bank of America Corporation, Fort Lauderdale , Asset Based Underwriter, Other , Fort Lauderdale, Florida