Job Information
Bank of America Senior Portfolio Management Officer in Los Angeles, California
Senior Portfolio Management Officer
Boston, Massachusetts;Seattle, Washington; New York, New York; Newport Beach, California; McLean, Virginia; Los Angeles, California; Charlotte, North Carolina
Job Description:
Job Summary
This role demonstrates strong judgment and sound credit skills. The role involves ongoing management and primary accountability for all monitoring and maintenance activities for an assigned portfolio of loans, primarily larger/complex client relationships. Role is responsible for monitoring clients operating performance and financial condition to proactively identify issues. Theyare responsible for researchingfinancial, industry, economic and other analysis to facilitate decision making and inform risk rating, while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements. The SR PMOs provide ongoing coaching and support to other Portfolio Management team members. Sr PMOs may call on credit clients and prospects in partnership with the RM and/or CO as appropriate. The role also approves credit transactions and includes Single Signature Authority as applicable based on credit approval grid. Reports to the Credit Products Manager (CPM) and partner closely withCOs, Underwriters and Relationship Managers (ie Deal Team members), as well as risk partners and other associates within other BofA lines of business that have a connection to the client relationship.General qualifications include: a BS/BA degree and 7+ years of solid experience in financial analysis, structuring, underwriting and portfolio management, strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring.
Role Overview:
CREB Senior Portfolio Management Officer (SPMO) is responsible for post close credit activity including documenting the conditions for pre-approved extensions and the associated legal documents, In addition, the SPMO is responsible for all monitoring and maintenance activities on an assigned portfolio including Risk Rating Scorecards, Annual Reviews, Individual Loan Reports, Covenant Compliance, and data input andmanagement. A key job function is the monitoring of clients operating performance and financial condition to proactively identify issues and opportunities. A SPMOs also delivers financial, industry, economic and other analysis to facilitate decision making for the client coverage team, while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements. The SPMO is an individual contributor who reports to the CREB Credit Regional Portfolio Manager and partners closely with Credit Officers and Underwriters. The SPMO is responsible to drive process simplification and improvement under the direction of the Regional PMO Manager.
Functional Role Description:
Activities associated with the minor modification of existing credits (EMAF-based actions and Minor Modifications, as defined in the Approval Grid) and the extension of facilities which have qualified for defined extension options
Collateral analysis, and sponsor / guarantor analysis and review of related legal documents
Reporting and maintenance on the existing loan portfolios
Responsible for the timely and accurate risk rating of each loan in one’s assigned portfolio
Role Qualifications:
7+ years’ experience within financial institution
Experience in financial analysis, structuring, underwriting and portfolio management
Strong communications (verbal and written)
Commercial Real Estate experience required and experience as Agent for a syndicated loan is preferred
Strong analytical/technical skills including financial accounting, modeling
Underwriting and loan structuring preferred
BS/BA Degree required
Leadership Competencies:
Serve as mentor/coach to junior PMOs
Assist CPM with approval on credit requests and other workflow matters, as needed
Demonstrates strong business and financial acumen
Ensures self and others maintain a strong focus on client needs
Manages client relationships in a manner that makes it easier to do business with our company
Demonstrates and encourages collaboration, connection and teamwork within and beyond his/her team
Focuses on and recognizes team success
Actively builds and sustains long-term relationships based on mutual trust
Is intellectually curious; constantly seeks to learn and advance his/her knowledge
Remain positive and focused during times of pressure, adversity, or change
Is resilient; quickly adjusts behaviors in order to be successful.
Communicates with impact, both in writing and speaking using clear, concise and simple language
Shift:
1st shift (United States of America)
Hours Per Week:
40
Learn more about this role
Full time
JR-20039032
Manages People: No
Travel: No
Manager:
Talent Acquisition Contact:
Referral Bonus:
