Specialty (SBA) Credit Underwriter II/Specialty (SBA) Sr. Credit Underwriter

Back to search results Specialty (SBA) Credit Underwriter II/Specialty (SBA) Sr. Credit Underwriter Phoenix, Arizona; Chicago, Illinois; Phoenix, Arizona; Charlotte, North Carolina; Saint Louis, Missouri Additional locations Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Refer a friend Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Job Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!Job Description:The Specialty Channel Underwriter role is responsible for Business Banking underwriting, structuring and approving credit actions for new and existing Small Business Administration (SBA) credit requests. Exercises single signature approval authority for credit exposure per applicable approval grids. Credit decisions must meet underwriting quality and risk management standards and comply with bank and SBA policies and procedures. Strong credit skills with ability to work independently and reach credit decisions timely and efficiently. May participate in projects and initiatives to achieve strategic objectives of the organization. This role reports to the Specialty Credit Manager that support Small Business Administration. Responsibilities:Analyze, underwrite, and approve credit solutions for existing and new clients; approve SBA requests in accordance with applicable credit approval gridConduct credit analysis including financial spreads, risk rating scorecards, industry assessment, business and personal cash flow; complete Credit Approval documentationEvaluate credit worthiness and provide analysis and decisioning on whether a client should be approved for an SBA credit facilityEnsure underwriting complies with Bank credit policy and procedures and Small Business Administration SOPPartner with Relationship Managers, Solution Advisors, Commercial Business Development Officers and Risk teammates to assess and deliver SBA credit solutionsEnsure data quality of credit related client and deal informationMentor and assist junior team members as applicable Skills:Attention to DetailCredit and Risk AssessmentFinancial AnalysisUnderwritingWritten CommunicationsAnalytical ThinkingCredit Documentation RequirementsFinancial Forecasting and ModelingRecording/Organizing InformationBusiness AcumenCollaborationCollateral ManagementLoan StructuringPrioritization Required Qualifications:Minimum of 5 years of commercial underwriting and credit analysis (Business Banking, Middle Market, Leveraged Finance, etc.)Minimum of 2 years of SBA lending experience preferredFormal commercial credit training or equivalent work experienceIndustry knowledge across multiple sectorsPrior experience in a high volume production environmentSuperior teamwork skills in the commercial market spaceStrong communication skills; ability to communicate vertically, horizontally, and externallyMinimum Education Requirement: High School Diploma / GED / Secondary School or equivalent. Bachelor's degree or equivalent work experience, preferably in business administration, finance, accounting or economics preferredShift:1st shift (United States of America)Hours Per Week: 40 Learn more about this role Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Refer a friend Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Full time JR-26039061 Manages People: No Travel: No Age requirement: Must at least be 18 years of age. Illinois pay and benefits information Illinois pay range: $91,500.00 - $150,000.00 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 Share: Save job Job saved