About Company
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We are committed to making financial lives better through the power of every connection. With a presence in Oxnard, CA, we are deeply invested in the economic health and vitality of the communities we serve, empowering individuals and businesses to achieve their financial goals. Our global reach combined with local expertise allows us to offer unparalleled opportunities for growth, innovation, and impact. Join a team dedicated to responsible growth and making a difference.
Job Description
We are seeking a highly motivated and detail-oriented Credit Analyst to join our dynamic team in Oxnard, CA. In this critical role, you will be instrumental in supporting Bank of America’s lending activities by performing comprehensive financial analysis and risk assessment. The Credit Analyst will evaluate the creditworthiness of corporate and individual clients, playing a pivotal role in informing lending decisions and mitigating potential risks. This position offers an exciting opportunity to apply your analytical skills in a fast-paced environment, contributing directly to the financial health and strategic growth of our diverse client base. You will work closely with relationship managers, senior credit officers, and other stakeholders, developing a deep understanding of various industries and financial products. The ideal candidate will possess a strong foundation in financial principles, exceptional analytical capabilities, and a commitment to precision and accuracy. If you are passionate about finance and aspire to build a career at a leading global bank, this role offers a challenging yet rewarding path.
Key Responsibilities
- Conduct thorough financial statement analysis, including balance sheets, income statements, and cash flow statements, to assess credit risk.
- Prepare comprehensive credit memoranda and reports, summarizing findings, credit recommendations, and risk mitigation strategies.
- Develop and maintain financial models to project future performance and evaluate repayment capacity.
- Monitor existing credit portfolios for changes in financial condition, industry trends, and compliance with loan covenants.
- Collaborate with relationship managers to gather necessary client information and present credit proposals.
- Research industry trends, economic conditions, and regulatory changes that may impact credit risk.
- Participate in client meetings and due diligence discussions as needed.
- Ensure compliance with Bank of America's credit policies, procedures, and regulatory requirements.
Required Skills
- Strong analytical and problem-solving skills with a keen attention to detail.
- Proficiency in financial modeling and spreadsheet applications (e.g., Microsoft Excel).
- Excellent written and verbal communication skills, capable of presenting complex financial information clearly.
- Solid understanding of accounting principles and financial statement analysis.
- Ability to work effectively both independently and as part of a team.
- Demonstrated ability to manage multiple priorities and meet deadlines in a demanding environment.
Preferred Qualifications
- Bachelor's degree in Finance, Accounting, Economics, or a related field.
- 1-3 years of experience in credit analysis, financial analysis, or a related role within the financial services industry.
- Familiarity with financial software and databases (e.g., Bloomberg, Capital IQ).
- Knowledge of various lending products and credit structures.
- CFA candidacy or completion is a plus.
Perks & Benefits
- Competitive salary and performance-based bonuses.
- Comprehensive health, dental, and vision insurance plans.
- 401(k) retirement savings plan with company matching.
- Paid time off, including vacation, sick leave, and holidays.
- Tuition reimbursement and professional development opportunities.
- Employee assistance program.
- Wellness programs and resources.
- Employee discounts on various products and services.
How to Apply
Interested candidates are encouraged to click on the application link below to apply for this exciting opportunity. Please submit your resume and cover letter detailing your qualifications and experience.