27 days old

Portfolio Mgmt Officer III

Chicago, IL 60684
Portfolio Mgmt Officer III



Chicago, Illinois



**Job Description:**



CREB Portfolio Management Officer (PMO) is responsible for all post close credit approval activity including extensions, (with advisement from the Credit Officer and/or Underwriter). In addition, the PMO is responsible for all monitoring and maintenance activities on an assigned portfolio including Risk Rating Scorecards, Annual Reviews, Individual Loan Reports (ILRs), Covenant Compliance, and data input and management. A key job function is the monitoring of clients operating performance and financial condition to proactively identify issues and opportunities. A PMO also delivers financial, industry, economic, sponsor/guarantor 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 PMO is an individual contributor who reports to the CREB Credit Regional Portfolio Manager and partners closely with Credit Officers and Underwriters. The PMO is responsible to drive process simplification and improvement under the direction of the Regional PM 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

+ Data entry, reporting and maintenance on the existing loan portfolios (Regulatory Toolkit, CreditCenter, CREEAS, CRELL, etc.)

+ Support client coverage team with financial, industry, or market analysis to facilitate decision making on select credits



**Role Qualifications:**



+ 3+ years experience within Commercial Banking

+ Experience in financial analysis, structuring, underwriting and portfolio management

+ Strong communications (verbal and written)

+ Strong analytical/technical skills including financial accounting, modeling and loan structuring

+ BS/BA Degree preferred



**Shift:**



1st shift (United States of America)



**Hours Per Week:**



40



Learn more about this role



Full time



JR-20030047



Manages People: No



Travel: Yes, 10% of the time



Manager:



Talent Acquisition Contact:



Referral Bonus:











Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.





To view the "EEO is the Law" poster, CLICK HERE at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf .


To view the "EEO is the Law" Supplement, CLICK HERE at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf .











Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.





To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE .

Industry

  • Banking / Finance
Posted: 2020-07-08 Expires: 2020-08-07

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Portfolio Mgmt Officer III

Bank of America
Chicago, IL 60684

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