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Bank Of America Portfolio Management Officer / II United States, Texas, Dallas 639949051
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Job Description:
Job Description:
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. General qualifications include: a BS/BA degree, credit trained and 18+ months experience and have a general understanding of financial analysis, structuring and underwriting. Also necessary are strong communication and solid analytical/technical skills.
Responsibilities:
The PMO reviews loan documentation and participates in the closing process including coordinating with Credit Services and involvement indocumentation/closingdiscussions.
The PMO acts as a general market resource at the discretion of the CPM for maintenance and monitoring responsibilities onsmaller/straightforwardcredit 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.
Required Qualifications:
18+ months commercial credit experience to include financial accounting, underwriting, financial analysis or loan structuring
Must have working knowledge of Excel, Word and PowerPoint
Desired Qualifications:
Auto industry experience
Formal commercial credit training
Bachelor's degree in Accounting and or Finance
Accounting and Finance classes
Certified Public Accountant and Chartered Financial Analyst certifications
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
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