Portfolio Management Officer II/III-Asset Based Finance
Charlotte, North Carolina;Naples, Florida; Seattle, Washington; Atlanta, Georgia; Dallas, Texas; Boston, Massachusetts; Greensboro, North Carolina; Jacksonville, Florida
Job Description:
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.
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Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
The PMO is responsible for underwriting and structuring of straightforward credit transactions (existing and new clients) with a high level of independence. The PMO is also involved in structuring and underwriting of complex credit transactions with coaching from the Credit Products Officer (CPO)/Credit Products Manager (CPM).
The PMO approves credit transactions without CPO coverage under credit approval grid but with a high level of support from the CPO/CPM. The PMO also participates in the internal credit approval process led by client manager (straight forward transactions) and/or CPO (complex credits) and partners with the client manager/CPO in preparation of Term Sheets.
The PMO leads documentation and closing for straightforward credit transactions without CPO coverage and has an active role with the CPO in documentation and closing for complex transactions. Provides ongoing management and primary accountability for all monitoring and maintenance activities on an assigned portfolio, including straight forward and complex client relationships.
The PMOs have primary accountability for all monitoring and maintenance activities on an assigned client base and (e.g. Financial Analysis Summary (FAS)/Annual Exposure Review (AER), Risk Rating Scorecards, CPT web, etc). They monitor clients operating performance and financial condition to proactively identify issues and opportunities.
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, PMO I and Credit Products Analysts (CPA).
Responsibilities:
Underwriting and structuring credit transactions
Assist with preparation of Term Sheets
Participates in closings
Portfolio monitoring and maintenance
Required Qualifications:
5+ years of solid experience in commercial credit underwriting, financial analysis and commercial loan portfolio management
5+ years of financial accounting, financial modeling or loan structuring
Commercial credit training in commercial bank or captive finance company
Proficiency in Microsoft Office, with emphasis on Excel competency
Desired Qualifications:
BS/BA Degree with Accounting or Finance Concentration
Commercial Credit Underwriting for Auto and RV dealers in a Bank or Captive Finance environment
Familiarity with Auto and RV Floor Plan product
Skills:
Analytical Thinking
Attention to Detail
Collaboration
Credit Documentation Requirements
Underwriting
Collateral Management
Decision Making
Financial Analysis
Prioritization
Problem Solving
Business Acumen
Loan Structuring
Negotiation
Portfolio Management
Written Communications
Shift:
1st shift (United States of America)
Hours Per Week:
40
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Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
