CREB Underwriter, VP
Posted on: 26 Feb 2021
Washington, DC
Job Description
Job Description:
Job Description:
In partnership with our clients, Community Development Banking at Bank of America develops high-quality, residential communities that are affordable for low-income families. We offer several affordable housing products and promote economic development through co-investments in tax-advantaged equity partnerships. We collaborate with community stakeholders nation-wide to encourage economic opportunity and environmental sustainability, which we feel ensures that our partnerships are successful over the long-term. Our relationships with our clients grow as we exchange ideas and foster novel solutions to community problems. Through our teamwork, we give residents of low-income communities the support which permits them more time and energy for their families and re-investing in their communities.
Associate Underwriters are primarily responsible for assisting Underwriters, Credit Officers, and Relationship Managers in making sound equity and debt investment decisions through completing financial analyses. They assist Asset Managers with the financial evaluation of equity investments. In addition, they may evaluate the financial wherewithal of our new and existing clients. They identify and implement process improvements to improve how we do business and the quality of analysis we give our clients. In coordination with their colleagues, they may prepare letters of intent or perform other due diligence activities for closing equity transactions. Successful Associate Underwriters will actively participate in recruiting, including interviewing candidates, and coaching new staff. All Associate Underwriters receive the opportunity to attend trainings, conferences, and networking events in furtherance of their career development. Successful Associate Underwriters are expected to take an active role in training their colleagues in areas ranging from technical analyses to building soft skills.
Required:
* Strongly proficient with MS Excel
* 3-5 years relevant work experience (tax credit finance not required)
* Strong communication skills
* Education of BA or greater
Preferred:
* MBA or MS in Real Estate, Finance, Accounting or Tax
* CPA
* Experience with tax credit finance
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America
Charlotte, NC
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans.
This segment provides its products and services through approximately 4,300 financial centers; 16,300 ATMs; call centers; and digital banking platforms. The GWIM segment offers investment management, brokerage, banking, and trust and retirement products; and wealth management solutions targeted to high net worth and ultra high net worth clients, as well as customized solutions to meet clients’ wealth structuring, investment management, and trust and banking needs, including specialty asset management services.
The Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services.
The Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1874 and is headquartered in Charlotte, North Carolina.
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IndustryBanking/Financial Services
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No. of Employees205,000
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Website
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Jobs Posted2694
