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PMO II

Boston, Massachusetts;

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 Specialists (i.e. Credit Officer), senior team members, and product partners to serve the credit needs of clients. Typical duties include analyzing financial and collateral 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.

Required Qualifications:

* 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

Preferred Qualifications:

* 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 preferre

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

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 Specialists (i.e. Credit Officer), senior team members, and product partners to serve the credit needs of clients. Typical duties include analyzing financial and collateral 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.

Required Qualifications:

* 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

Preferred Qualifications:

* 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 preferre

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21062834

Band: H5

Manages People: No

Travel: Yes, 25% of the time

Manager:

Talent Acquisition Contact:

Terry Hall

Referral Bonus:

0

Connecticut job seekers

Connecticut pay range:

$71,700 - $95,000 annualized salary, offers to be negotiated based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.