Job title: Portfolio Management Officer II, Bank of America Business Capital
Company: Bank of America
Job description: Job Description:
The Portfolio Management Officer (“PMO”) will be responsible for underwriting new credit requests and monitoring credit exposure for existing Bank of America Business Capital (“BABC”) clients. BABC provides leveraged, asset-based loans to clients in the Global Commercial Bank and Global Corporate and Investment Bank, partnering closely with the relationship management teams and product partners, including the ABL capital markets. Facilities range from $10 million to over $3 billion in size and are typically collateralized with a first lien on all assets.
The PMO will work closely with the Portfolio Manager, senior team members, and product partners to serve the credit needs of clients. Typical duties include analyzing financial performance, completing portfolio monitoring responsibilities, and preparing recommendations for approval. The PMO will also have the opportunity to collaborate with the deal team on preparation of term sheets and client presentations, as well as review and negotiate loan documentation. Moreover, they will have the opportunity to directly interface with clients, financial sponsors, and financial intermediaries.
The PMO will be expected to monitor financial trends to proactively identify macro issues and opportunities within industries. They should deliver clear and concise analysis to facilitate decision making, while also ensuring adherence to BofA’s internal credit policies, guidelines and applicable regulatory requirements. Over time, they would have the opportunity to transition into a senior role, managing a portfolio of BABC clients.
Highly organized, proactive, and efficient with the ability to work in a high volume role
Strong credit, financial analysis and modeling skills
Excellent written and verbal communication skills
Proficient in Word, Excel, and PowerPoint
Completion of a formal bank credit training program
2-3 years experience in Asset Based Lending, Commercial or Corporate credit or relationship management, leveraged finance, loan syndications, or restructuring/workout
Bachelor’s degree, with some Accounting and Finance focus preferred
Shift: 1st shift (United States of America)
Hours Per Week: 40
Location: Chicago, IL
Job date: Fri, 22 Oct 2021 22:41:43 GMT
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