1+ months

Asset Based Senior Portfolio Specialist

Cleveland, OH 44101
**Job Description:**

The AB (Asset-Based) Portfolio Specialist is responsible for managing a portfolio of asset-based structured loans for Bank of America Business Capital customers. Bank of America Business Capital, part of the Wholesale Credit division, provides leveraged loans in a variety of industries including manufacturers, distributors and service companies. The asset-based loan credit facilities range from $5 million to over $2 billion in size and are collateralized primarily by accounts receivable and inventory. The AB Portfolio Specialist is responsible for actively monitoring financial and collateral trends and recommending appropriate action. Responsibilities also include reviewing requests for loan modifications, analyzing financial performance, negotiating terms, drafting proposals, reviewing documents, and preparing recommendations for approval. The AB Portfolio Specialist is an active member of the client team interfacing directly with the client, participates in building the client relationship. Must be good at managing multiple responsibilities in order to meet the time deadlines of both the client and the bank. Communicates frequently with Relationship Managers, product partners and legal counsel. Capable of handling sole lender relationships and bought participation's while working closely with the AB Portfolio Manager to enhance skill set to manage syndicated credits and the most sensitive accounts. Some travel required to meet with clients and reports to AB Portfolio Manager.

Required Skills:

+ 5+ years of banking or financial industry experience in Commercial/Asset Based Lending, Credit and Sales.

+ Bachelor's or Masters degree in finance, accounting, economics or business administration

+ Sound financial statement analytical skills

+ Basic Understanding of legal documentation

+ Must be detail focused and well organized

+ Proactive/confident communication skills (both verbal and written) to interact with senior management, clients, attorneys, etc.

+ Ability to thrive in a fast paced business environment with strong time management skills

+ Computer proficiency in Word and Excel with Power Point a plus

Desired Skills:

+ Some audit, underwriting or account management experienceRole can be filled as anAB Senior Portfolio Specialist or AB Portfolio Specialist depending on candidate experience

**Posting Date** : 05/29/2019

**Location** :

Cleveland, OH, 1 CLEVELAND CENTER, 1375 E 9TH ST,

- United States

**Travel** : Yes, 20% of the time

**Full / Part-time** : Full time

**Hours Per Week** : 40

**Shift** : 1st shift

**Assistance for Applicants with Disabilities**

Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .

**Diversity & Inclusion**

At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

**Frequently Asked Questions**

Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.


  • Banking / Finance
Posted: 2019-05-31 Expires: 2019-08-29

Success begins with building relationships.

At Bank of America, our customers are at the center of everything we do. Our focus is on helping each one find the right financial solutions. With a wide range of career opportunities available, we invite you to realize your career goals with us while assisting customers with what matters most to them.

Welcome to Careers at Bank of America.

Sponsored by:
Farm Credit Services of America Logo
Sponsored by:
Bank of America Logo

Featured Jobs[ View All ]

Featured Employers

Before you go...

Our free job seeker tools include alerts for new jobs, saving your favorites, optimized job matching, and more! Just enter your email below.

Share this job:

Asset Based Senior Portfolio Specialist

Bank of America
Cleveland, OH 44101

Join us to start saving your Favorite Jobs!

Sign In Create Account
Powered ByCareerCast