GCIB GMC AnalystChicago, Illinois;New York, New YorkJob Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!Job Description:This job is responsible for analyzing and interpreting a client's credit worthiness, evaluating credit risks, and writing credit approval memos for annual renewals and new lending opportunities. Key responsibilities include analyzing qualitative and quantitative data such as client's financials, projections, industry data, covenant compliance, and collateral appraisals to ensure compliance with the bank's risk appetite. Job expectations include completing regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of new transactions.Credit Analysts conduct qualitative and quantitative analysis on company, industry, and macroeconomic factors to support credit decisions for large corporate clients. Analysts will be deeply involved with underwriting, structuring, and documenting financial solutions to meet client credit needs related to working capital loans, M&A financing, hedging, leasing and treasury management products.Job 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
Identifying and monitoring client and industry risk trends
Developing enterprise valuations
Discussing the merits of financing transactions from a credit risk and relationship perspective
Reviewing legal documentation related to loans and derivatives
Writing credit memorandums to summarize your analysis and conclusions
Required Qualifications:
Understanding of basic finance and accounting concepts
Proficient business writing and verbal communication skills
Effective time management skills with ability to balance multiple competing priorities
Proficiency in Microsoft Excel
Desired Qualifications
Bachelor's Degree with emphasis in finance, accounting or economics
1+ years of experience in corporate banking and credit preferred
Skills:
Analytical Thinking
Financial Analysis
Financial Forecasting and Modeling
Profitability Analysis
Research Analysis
Attention to Detail
Business Acumen
Credit and Risk Assessment
Underwriting
Written Communications
Collaboration
Critical Thinking
Portfolio Analysis
Prioritization
Technical Documentation
Shift:1st shift (United States of America)Hours Per Week:40Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCPEEOSupplementFinalJRFQA508c.pdf) .Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .