Portfolio Management Officer II / III
Company: Disability Solutions
Location: Greensboro
Posted on: May 3, 2024
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Job Description:
Job Description:At Bank of America, we are guided by a common
purpose to help make financial lives better through the power of
every connection. Responsible Growth is how we run our company and
how we deliver for our clients, teammates, communities and
shareholders every day.One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. We're devoted to being a diverse and inclusive workplace for
everyone. We hire individuals with a broad range of backgrounds and
experiences and invest heavily in our teammates and their families
by offering competitive benefits to support their physical,
emotional, and financial well-being.Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization.Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. Join us!Job Description:The PMO is responsible for
underwriting and structuring of straightforward credit transactions
(existing and new clients) with a high level of independence. The
PMO is also involved in structuring and underwriting of complex
credit transactions with coaching from the CPO/CPM.The PMO approves
credit transactions without CPO coverage under credit approval grid
but with a high level of support from the CPO/CPM. The PMO also
participates in the internal credit approval process led by client
manager (straight forward transactions) and/or CPO (complex
credits) and partners with the client manager/CPO in preparation of
Term Sheets.The PMO leads documentation and closing for
straightforward credit transactions without CPO coverage and has an
active role with the CPO in documentation and closing for complex
transactions. Provides ongoing management and primary
accountability for all monitoring and maintenance activities on an
assigned portfolio, including straight forward and complex client
relationships.The PMOs have primary accountability for all
monitoring and maintenance activities on an assigned client base
primarily larger/complex client relationships and (e.g. FAS/AER,
Risk Rating Scorecards, CPT web, etc). They monitor clients
operating performance and financial condition to proactively
identify issues and opportunities.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 typically do not perform the underwriting
function.General qualifications include: a BS/BA degree , credit
trained and 2.5+ 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.Required Skills:---
Credit Documentation Requirements--- Underwriting--- Analytical
Thinking--- Attention to Detail--- Collaboration--- Financial
Analysis--- Collateral Management--- Decision Making---
Prioritization--- Problem Solving--- Portfolio Management--- Loan
Structuring--- Business Acumen--- Negotiation--- Written
Communications--- 2.5+ years of solid experience in financial
analysis, structuring, underwriting and portfolio managementMinimum
Education Requirement: BS/BA Degree with Accounting or Finance
ConcentrationDesired Skillls:--- Commercial Credit Underwriting for
Auto and RV dealers in a Bank or Captive Finance environment---
Familiarity with Auto and RV Floor Plan productShift:1st shift
(United States of America)Hours Per Week: 40
Keywords: Disability Solutions, Durham , Portfolio Management Officer II / III, Executive , Greensboro, North Carolina
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