Responsibilities will include: Conducting analysis of client materials for new investment and lending opportunities Working with proprietary analytical tools to understand project economics and terms for both debt and equity investments, preparing sensitivity and market analyses Guarantor and sponsor review including financial statements and spreads, risk analysis Leading underwriting and due diligence for all aspects of the deal including appraisal and rent/market analysis, general contractor and project budget sources and uses, operating proformas and reserves, closing calls, working with legal counsel and documentation Preparing approval packages for presenting to approvers and senior executives Ensure compliance with applicable regulatory requirements and Bank policies and procedures Identifying risk profile of existing and prospective investments, evaluating and structuring mitigants for both debt and equity investments Post closing work as needed to advise, restructure or resolve in partnership with portfolio management, asset management and operations Collaborate with partners in Finance, Risk, Portfolio Management, Asset Management, Relationship Management, Loan Administration, and Community Development Banking management Attention to collect and maintain quality data in multiple systems through the deal life-cycle Use relevant Bank systems including CreditCenter (Salesforce) for managing the underwriting workflow Respond to client inquiries regarding the underwriting process Required Qualifications Bachelor’s degree in business, finance, accounting, commercial real estate, urban planning, economics, or related field At least 2 years experience in commercial real estate underwriting, or low-income housing tax credit underwriting Proficiency with MS Office products Experience working with large Excel spreadsheets Strong written and verbal communication skills and at least two of the following 2+ years in tax credit analysis, tax analysis, tax preparation, or related field Commercial credit training; and/or Strong financial modeling skills, including MS Excel proficiency Preferred Qualifications - One or more of the following: At least 4 years experience as a development analyst, underwriter, asset manager, portfolio manager, and/or syndicator of debt and/or equity investments in commercial multi-family projects Experience working in the low-income housing tax credit industry Experience working in commercial real estate Experience working with Salesforce (CreditCenter) or a similar product Graduate degree in business, finance, accounting, real estate, urban planning, economics, public policy, or related field Shift: 1st shift (United States of America) Hours Per Week: 40 Privacy Statement: https://careers.bankofamerica.com/en-us/privacy-notice Job Responsibilities The CDB Underwriter will work with Credit Officers and other members of the client coverage team to manage the underwriting process for both debt and equity investments in affordable housing projects, from deal screening to deal closing, and serves as a key client point of contact on the coverage team for credit actions.