Bank Of America Work Values

Daily Duties at Bank Of America:

Underwrote new loan requests for commercial real estate, unsecured term notes, letters of credit, lines of credit, Equipment Lease loans and SBA Express loans and reviewed renewals for the Client Development and Small Business Banking national groups using traditional underwriting procedures for overall feasibility and general fit with bank risk guidelines  Analyzed business and personal financial statements, tax returns and credit reports  Provided Business, Personal and Global Cash flows and Fixed Charge Coverage spreadsheets, Risk Rating Scorecards, Pricing Models, Term Sheets, Commitment Letters and Industry Analysis  Prepared streamline Credit Approval Memorandum addressing business operations, back ground and ownership, loan request, risk rating, strengths and/or weaknesses, financial analysis, business and industry risks with mitigating factors; collateral adequacy, alternative loan structures, and provided decision/ recommendation including work out strategies on relationships downgraded and transferred to Special Assets or for Credit Risk Management due to customer operating in an industry designated by the bank as high risk industry or due to loan request or total relationship exposure exceeding my lending authority  Effectively monitored and prioritized work load using global underwriting data base system  Consistently met and exceeded established turn-around time  Exercised direct customer contact to expedite underwriting and decision making process  Established excellent working relationship with Sales Team, Management, Peers and Credit Risk Managers  Participated routinely in special group projects focusing on improving processes and procedures on a national and bank wide level

What they like about Bank Of America:

The social vibrance of a hiring firm is very important to you. Your ability to make and maintain friendships there is a critical part of your decision. You would likely be dissatisfied with a workplace that is quiet, cold, or otherwise not particularly social. When you investigate a new hiring company, ask recruiters, managers, and potential co-workers about the social life and opportunities there. This is especially important when you are relocating; moving dramatically alters your social sphere both inside and outside the workplace.

Tags

business banking loan approval officer, business banking loan uderwriter, credit analyst, commercial loan underwriter, small business loan underwriter

Skills

Problem solver, Analytical, Prepare business and personal cash flows, Review business credit history, Review personal credit history, Prepare and analyze business financial spreads, Analyze personal and business tax returns, Recommend alternative loan structure, Microsoft Word and Excel, Internet search engines, financial calculator, Formal Commercial Credit Training, team player

These are some of the questions we asked our climbers about their experiences with Bank Of America: