Credit Underwriter II-CRE​/Community Development Banking

Responsibilities

• Evaluates new end‑user credit and equity opportunities, including identification and assessment of risks and identifying mitigating factors.
• Member of client‑facing team to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client.
• Underwrites new transactions, analyzes credit risk, negotiates and closes deals, while adhering to internal policy, procedures and regulatory requirements.
• Structures the terms of loans and tax credit investments with respect to the various aspects that make up a loan and tax credit equity investment (e.g., pricing, pay‑in, rates, payment, term, collateral and tax credit compliance).
• Prepares credit approval documentation and reviews due diligence and legal documentation to assure alignment with credit approval.
• Manages the credit process for a portfolio of clients, loans and investments including reviewing financial statements, assessing project performance and the client’s compliance with financial covenants, confirming the accuracy of risk ratings, and recommending changes as warranted.
• Mentor junior underwriters and analysts, supporting a culture of excellence, rigor and continuous development.
• Effectively communicates with clients, internal partners and approvers, legal counsel and third‑party consultants.

• 5+ years of experience in credit underwriting, structured finance, or commercial real estate, with significant exposure to LIHTC and community development finance.
• Experience with LIHTC program mechanics, compliance and risk factors, affordable housing finance and capital stack, real estate credit underwriting fundamentals.
• Strong financial modeling and analytical skills.
• Demonstrated ability to underwrite and approve complex, large‑scale transactions.
• Experience interacting with senior credit officers and risk committees.

• Adaptability
• Attention to Detail
• Data Collection and Entry
• Prioritization
• Recording/Organizing Information
• Analytical Thinking
• Critical Thinking
• Issue Management
• Oral Communications
• Problem Solving
• Collaboration
• Credit and Risk Assessment
• Decision Making
• Innovative Thinking
• Written Communications

1st shift (United States of America)

40

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

US – MA – Boston – 100 Federal St – 100 Federal St Lp (MA5100)

US – NY – New York – ONE BRYANT PARK – BANK OF AMERICA TOWER (NY1100)

Pay range: $ – $ annualized salary, offers determined based on experience, education and skill set.

Discretionary incentive eligible – employees are eligible for an annual discretionary award based on overall individual performance and the success of the Company.

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.