Portfolio Management Officer I / II
Bank of America
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
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The PMO is responsible for underwriting and structuring of straightforward credit transactions, primarily to existing clients with significant guidance from the Sr PMO/CPO/CPM. The PMO works on renewals/extensions, new exposures of lower complexity to existing clients and loan modifications (covenant waivers, amendments). The PMO also participates in the internal credit approval process and reviews and assists in the preparation of Term Sheets.
The PMO reviews loan documentation and participates in the closing process including coordinating with Credit Services and involvement in documentation/closing discussions.
The PMO acts as a general market resource at the discretion of the CPM for maintenance and monitoring responsibilities on smaller/straightforward credit relationships and performs such tasks as independently preparing and approving Financial Account Summary reports and under direction of credit team, make recommendations that mitigate risks or remedy exceptions.
They deliver financial, industry, economic and other analysis to facilitate decision making, while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements.
They report to the Credit Products Manager (CPM) and partner closely with CPOs and Credit Products Analysts (CPA).
CREB PMOs have similar job responsibilities but do not typically perform the underwriting function.
• Credit Documentation Requirements
• Analytical Thinking
• Attention to Detail
• Financial Analysis
• Collateral Management
• Decision Making
• Problem Solving
• Portfolio Management
• Loan Structuring
• Business Acumen
• Written Communications
• Credit trained and 18+ months experience
• Accounting experience / Accounting classes
Minimum Education Requirement: BS/BA degree
• Auto industry experience
• Basic Commercial Lending Training
Shift:1st shift (United States of America)
Hours Per Week:40