Credit Analyst II/General Industries -… at Bank of America · Chicago

Summary: Bank of America is committed to helping make financial lives better through every connection. The Credit Analyst II role involves analyzing and interpreting clients' credit worthiness, evaluating credit risks, and writing credit approval memos for annual renewals and new lending opportunities. Responsibilities: - Analyzes client's financial performance by comparing it to past performance, projections, and industry standards - Reviews financial statements, assesses the client's compliance with financial covenants, and renews risk ratings, while recommending changes as warranted - Assists in the underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures - Evaluates transaction and relationship risk-adjusted profitability to facilitate the allocation of capital - Builds projection models for the client (as needed) based on historical performance, industry forecasts, and other due diligence findings - Evaluates credit worthiness and provides analysis and decisioning on whether a client should receive a credit facility - Partners with Credit Officers, Corporate Banking, and Risk teammates to assess and deliver credit solutions - Monitors the client's operating performance and financial condition, proactively identifying issues and opportunities - Delivers financial modeling, loan structure, industry, economic, and other analyses to team members to support the loan decision-making process - Ensures adherence to credit policies, guidelines, procedures, and applicable regulatory requirements Required Qualifications: - 1+ years of relevant experience in credit analysis, banking, financial services, or a comparable analytical or risk-focused role - Demonstrated working knowledge of financial and accounting concepts, with the ability to apply them in credit or financial analysis - Strong written and verbal communication skills, with the ability to clearly summarize financial performance, risks, and recommendations - Ability to effectively manage multiple priorities and deadlines in a fast-paced, transaction-oriented environment - Proficiency in Microsoft Excel, including use for financial analysis, modeling, and data review - Strong attention to detail and sound judgment when working within credit policies, procedures, and regulatory guidelines Preferred Qualifications: - Bachelor's degree in finance, accounting, economics, or a related field - Experience supporting credit underwriting, risk rating, or loan approval processes - Exposure to financial modeling, cash flow forecasting, covenant testing, or profitability analysis - Familiarity with commercial lending products, credit policies, or relevant regulatory requirements - Experience partnering with relationship managers, credit officers, or risk teams Required Skills: Credit Analysis, Financial Analysis, Financial Modeling Important Skills: Risk Assessment, Underwriting Nice-to-Have Skills: Analytical Thinking, Business Acumen, Written Communications Benefits: Discretionary incentive eligible, Benefits, Access to paid time off