Analyst/Associate-Leveraged Finance Credit-Acquisition Finance

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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 acquisition financings. Key responsibilities include analyzing qualitative and quantitative data. Job expectations include underwriting tasks, such as financial modeling, other credit analysis and supporting key internal stakeholders to achieve successful execution of new transactions.
Our Leveraged Finance Credit – Acquisition Finance business represents Enterprise Credit in the acquisition financing underwriting process. The business underwrites transactions for both non-investment grade corporate acquisitions and financial sponsor leveraged buyouts.

Responsibilities:

• Evaluate and analyze financings supporting corporate M&A and leveraged buyouts
• Work as a deal team member alongside investment banking and capital markets colleagues to create approval documents and analysis for the credit approval process
• Analyze clients’ financial performance by comparing it to past performance, projections, and industry standards
• Assists in the underwriting, credit risk analysis, negotiation, and closing of new transactions, while adhering to all relevant policies and procedures
• Builds projection models based on historical performance, industry forecasts, and other due diligence findings
• Conducts due diligence with clients

Required Qualifications:

• 1 + yr  of financial analysis and financial modeling experience for Analyst role 2+ years of financial analysis and financial modeling experience for Associate role
• Must have corporate credit, capital markets and/or investment banking experience
• Must have experience explaining various assumptions made in financial models
• Must be proficient with LBO modeling

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: 

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range$85,000.00 - $92,500.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.