Senior Credit Underwriter
Welcome to Bank of America, one of the largest and most reputable banks in the world. We are currently seeking a highly skilled Senior Credit Underwriter to join our team and play a pivotal role in our lending operations. As a Senior Credit Underwriter, you will be responsible for evaluating and assessing the creditworthiness of our clients and making informed decisions on loan approvals. This is a challenging and rewarding position that requires a combination of strong analytical skills, industry knowledge, and attention to detail. If you are a driven individual with experience in credit underwriting and a passion for providing excellent customer service, we encourage you to apply for this exciting opportunity.
- Evaluate and assess the creditworthiness of clients applying for loans.
- Make informed and accurate decisions on loan approvals based on established criteria and guidelines.
- Analyze financial and credit data to determine risk and potential for repayment.
- Utilize industry knowledge to stay updated on market trends and regulations.
- Collaborate with other team members to ensure consistency and accuracy in underwriting decisions.
- Communicate effectively with clients, loan officers, and other departments to gather necessary information and provide updates on loan applications.
- Conduct thorough reviews of loan documents and applications to ensure compliance with bank policies and procedures.
- Identify potential risks and provide recommendations for risk mitigation.
- Continuously monitor and review existing loans to assess credit risk and recommend appropriate actions.
- Maintain accurate and detailed records of underwriting decisions and loan evaluations.
- Provide excellent customer service to clients and address any questions or concerns they may have regarding the loan process.
- Stay up-to-date with changes in lending regulations and policies.
- Mentor and train junior underwriters to ensure consistency and accuracy in underwriting processes.
- Participate in meetings and provide insights and recommendations for improving lending operations.
- Ensure all underwriting activities adhere to legal and ethical standards.
Extensive Industry Experience: A Senior Credit Underwriter At Bank Of America Should Have A Minimum Of 7-10 Years Of Experience In Credit Underwriting, With A Strong Understanding Of The Banking And Financial Industry. This Experience Should Include A Track Record Of Successfully Underwriting Complex Credit Transactions.
Strong Analytical Skills: The Role Of A Senior Credit Underwriter Requires A High Level Of Analytical Skills To Evaluate Credit Risk And Assess The Financial Health Of Potential Borrowers. Candidates Should Possess Advanced Knowledge Of Financial Analysis, Credit Scoring Models, And Risk Assessment Techniques.
In-Depth Understanding Of Credit Policies And Procedures: Bank Of America Has Specific Credit Policies And Procedures In Place To Manage Risk And Ensure Compliance With Regulatory Requirements. A Senior Credit Underwriter Should Have A Thorough Understanding Of These Policies And Be Able To Apply Them In Their Underwriting Decisions.
Excellent Communication And Interpersonal Skills: As A Senior Credit Underwriter, You Will Be Working Closely With Various Stakeholders, Including Loan Officers, Clients, And Internal Teams. Strong Communication And Interpersonal Skills Are Essential To Effectively Communicate Credit Decisions And Negotiate Terms With Clients.
Bachelor's Degree In Finance, Accounting, Or Related Field: Bank Of America Typically Requires A Bachelor's Degree In A Relevant Field For A Senior Credit Underwriter Position. A Degree In Finance, Accounting, Or Business Administration Provides A Solid Foundation In Financial Principles And Prepares Candidates For The Complexities Of Credit Underwriting. Additional Certifications Or Advanced Degrees In Related Fields Can Also Be Beneficial.
Financial Analysis
Credit Analysis
Portfolio Management
Risk assessment
Regulatory compliance
Due Diligence
Loan underwriting
Credit Scoring
Financial
Industry Knowledge
Credit Policy
Credit Evaluation
Communication
Conflict Resolution
Decision Making
Emotional Intelligence
Leadership
Time management
creativity
Teamwork
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Senior Credit Underwriter in Charlotte, NC, USA is between $70,000 and $120,000 per year. This range can vary based on the individual's years of experience, education level, and specific job responsibilities. Some factors that can affect a Senior Credit Underwriter's salary in Charlotte, NC include the size and type of the company, the industry they work in, and their level of expertise in credit analysis and risk assessment. Additionally, bonuses and other forms of compensation may also impact a Senior Credit Underwriter's overall salary.
Apply with Video Cover Letter Add a warm greeting to your application and stand out!
Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and Legacy Assets and Servicing. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses.
Get interviewed today!
JobzMall is the world‘ s largest video talent marketplace.It‘s ultrafast, fun, and human.
Get Started