Bank Of America Portfolio Management Officer II / III 

United States, New York, New York 

448599237

Job Description:

Job Description:

The Portfolio Management Officer III (PMO III) has primary accountability for all monitoring and maintenance activities on an assigned client base primarily larger/complex client relationships demonstrating strong judgement and sound credit skills. In some cases, the role may assist a Senior Portfolio Management Officer (SPMO).

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.

Responsibilities:

• Responsible for post close credit activity including documenting the conditions for pre-approved extensions and the associated legal documents.

• Responsible for all monitoring and maintenance activities on an assigned portfolio including risk rating scorecards, annual sponsor/guarantor financial reviews, covenant compliance, construction monitoring, interest reserve analysis, lease reviews, loan reporting, and site inspections.

• Activities associated with the minor modification of existing credits and the extension of facilities which have qualified for defined extension options.

• Collateral analysis, sponsor/guarantor financial analysis, and review of related legal documents

• Credit facilities include bridge, term, and construction loans for commercial real estate developers and investors. The PMO is an individual contributor who reports to the CREB Regional Portfolio Manager (CPM) and partners closely with Credit Officers and Underwriters. The PMO is responsible to drive process simplification and improvement under the direction of management.

Required Qualifications:

• Credit training in commercial bank

• 2.5+ years of commercial real estate financial analysis and portfolio management

• 2.5+ years of financial accounting, financial modeling or loan structuring

Desired Qualifications:

• Master’s degree, MBA or Certificate from accredited real estate educational program

• Large money center bank experience

• CRE property management experience

Skills:

• Credit Documentation Requirements

• Underwriting

• Analytical Thinking

• Attention to Detail

• Collaboration

• Financial Analysis

• Collateral Management

• Decision Making

• Prioritization

• Problem Solving

• Portfolio Management

• Loan Structuring

• Business Acumen

• Negotiation

• Strong Communication (verbal and written)

• Analytical / technical skills including financial accounting and basic finance

Bachelor’s Degree or equivalent work experience

1st shift (United States of America)