Job Description:

About Us

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Process Overview

The team supports the Small Business Spreading client segment. The process involves financial due diligence by analyzing and reclassifying financial statements of new and existing Lines of Credit & Term Loan for corporate borrowers in accordance with the bank's credit risk policy for determining the borrower credit worthiness & debt service capacity. The process requires retrieval of financial statements/other related credit documents from the Bank's document storage system and conduct enhanced due diligence for loan decisioning.

Job Description

The ideal candidate would be someone who has prior experience of credit analysis, apart from having deeper domain knowledge of accounting and analyze financial statements. The candidate requires to collaborate easily and effectively with the team and stakeholders in ensuring resources with right skill sets are on-boarded, trained, monitored on regular basis.The candidate would also be able to balance workload of the team in consultation with leads from other Spreading processes.

Responsibilities

Ensure timely follow up & closure identified issues with the line of business partners
Working with various stakeholders to understand and resolve queries, escalations, and process enhancements
Identify continuous improvement opportunities within the process
Creating MIS reports and tracking various KPIs & KRIs of the team to improve Critical to Quality data
Drive operational and process efficiency Identify and implement industry best practices
Monitor and track the quality metrics and work towards continuous improvement, standardization, optimization

Requirements

Education- Graduation (Commerce)/ Post Graduation/ MBA in Finance

Certifications If Any- Commercial Lending, Financial Analysis & Report Writing

Experience Range- 2+years of work experience in Credit Analysis will be an advantage.

Mandatory skills

Strong analytical & numerical abilities
Good oral/written communication skills
Strong knowledge & understanding of financial statements
Knowledge of accounting standards (US GAAP)

Desired skills

Knowledge of IFRS/GAAP Accounting standards
Working knowledge of Power Point, Excel
Demonstrate ability to work in a high-pressure environment
Takes initiative and challenges existing processes and procedures in a proactive manner
Strong team player
Ability to analyze issues independently and derive solutions
Analytical skills

Work Timings

7:30 AM - 2:30 AM: Rotational

Job Location GGM/Mumbai/Hyd

Senior Team Member