Portfolio Mgmt Officer III

    Bank of America Corporation
    Chicago, IL
    Full-time
    Similar jobs pay $10.65 - $18.52

    Job Description

    Job Description:

    Job Description:

    The Portfolio Management Officer (PMO) is a client facing role within the Credit Products group of the Commercial Real Estate Banking (CREB) group of Bank of America Merrill Lynch. As part of the CREB client team, the Credits Product group is responsible for the credit analysis, underwriting, documentation and origination of commercial real estate exposure. CREB is an industry leader in commercial real estate lending with over 500 employees and $40 billion of committed loans.

    The primary responsibility of the PMO is the ongoing analysis and monitoring of the existing debt book plus managing the renewals of existing credit exposure. This includes analysis of project performance, covenant compliance, and other monitoring functions. Responsible for continually formulating and defending sponsor and facility risk ratings to upper management. Leads annual sponsor financial analysis and guarantor risk rating. The PMO interfaces with external clients for financial reporting requirements and analysis and to complete modifications and extensions of existing loans.

    The PMO reports to the Credit Products Manager in an identified market area. The PMO interfaces with the rest of the client team, including the Client Manager, Credit Products Officer, Commercial Credit Specialist and manages external reporting processes to the regulators. Responsible for being knowledgeable of and adhering to all Bank policies, procedures, and regulations.
    • 5-7 years of real estate finance or asset management experience
    • Bachelor's Degree Required
    • Strong Financial skills
    • Understanding of financial statement review
    • Strong Interpersonal skills
    • Excellent communication skills
    • Strong team player
    ***We reserve the right to fill this at PMO 1, 2, or 3 depending on experience

    Shift:

    1st shift (United States of America)

    Hours Per Week:

    40
    Posting ID: 558408675Posted: 2020-05-22