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Bank of America CREB Underwriter in Chicago, Illinois

CREB Underwriter

Washington, District of Columbia;Chicago, Illinois

Job Description:

Role Qualifications:

  • Minimum of five years of experience underwriting debt and/or equity for affordable rental housing projects financed using the federal low-income housing tax credit program

  • Knowledge of the primary functions of the Community Development Banking teams at Bank of America

  • Familiarity with core financial products used by developers of affordable rental housing

  • Adept at gathering and analyzing market data for affordable rental housing

  • Understanding of the regulations that govern affordable housing lending and/or investing

  • Evidence of experience and skill in quantitative analysis in debt and/or equity for affordable rental housing, including the use and interpretation of complex models; taxable and tax-exempt financing; GAAP and tax accounting treatment; and permanent financing, both government and private

  • Knowledge of other BofA products including Investment Banking, Interest Rate Hedging, and Treasury Management, leveraging this product expertise to deliver the best possible and optimally integrated strategic solution for the client

  • Experience in underwriting equity using the federal historic tax credit program a plus

Leadership Competencies:

  • Demonstrates strong business and financial acumen, while acting ethically and responsibly at all times

  • Ensures self and others maintain a strong focus on client needs

  • Manages relationships, both internally and externally, in a manner that makes it easier for the client to do business with our company

  • Contributes to the delivery of practical, innovative solutions to clients that meet their individual needs

  • Demonstrates and encourages collaboration, connection and teamwork within and beyond his/her team

  • Actively builds and sustains long-term relationships, both internally and externally, based on mutual trust

  • Intellectually curious, constantly seeks to learn and advance his/her knowledge and experience

  • Remains positive and focused on the job at hand during times of pressure, adversity, or change

  • Resilient, quickly adjusting behaviors in order to be successful.

  • Effective communication skills, both written and oral, using clear, concise and simple language

Key Stakeholders:

  • CDB Wholesale Credit Executive

  • CDB Wholesale Credit Regional Executive

  • CDB Credit Risk Executive and Managers

  • CDB Client Management associates

  • CDB Credit Officers

  • CDB Associate Underwriters

  • CDB Analysts

  • CDB Finance Executive

  • CDB Portfolio Managers

  • CDB Asset Managers


1st shift (United States of America)

Hours Per Week:


Learn more about this role

Full time


Manages People: No

Travel: Yes, 15% of the time


Talent Acquisition Contact:

Referral Bonus:

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE at .

To view the "EEO is the Law" Supplement, CLICK HERE at .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .