Senior Portfolio Management Officer

Job Description:

Job Summary

This role demonstrates strong judgment and sound credit skills. The role involves ongoing management and primary accountability for all monitoring and maintenance activities for an assigned portfolio of loans, primarily larger/complex client relationships. Role is responsible for monitoring clients operating performance and financial condition to proactively identify issues. They are responsible for researching financial, industry, economic and other analysis to facilitate decision making and inform risk rating, while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements. The SR PMOs provide ongoing coaching and support to other Portfolio Management team members. Sr PMOs may call on credit clients and prospects in partnership with the RM and/or CO as appropriate. The role also approves credit transactions and includes Single Signature Authority as applicable based on credit approval grid. Reports to the Credit Products Manager (CPM) and partner closely with COs, Underwriters and Relationship Managers (ie Deal Team members), as well as risk partners and other associates within other BofA lines of business that have a connection to the client relationship. General qualifications include: a BS/BA degree and 7+ 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.

Role Overview:

CREB Senior Portfolio Management Officer (SPMO) is responsible for post close credit activity including documenting the conditions for pre-approved extensions and the associated legal documents, In addition, the SPMO is responsible for all monitoring and maintenance activities on an assigned portfolio including Risk Rating Scorecards, Annual Reviews, Individual Loan Reports, 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 SPMOs also delivers financial, industry, economic 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 SPMO is an individual contributor who reports to the CREB Credit Regional Portfolio Manager and partners closely with Credit Officers and Underwriters.  The SPMO is responsible to drive process simplification and improvement under the direction of the Regional PMO 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
• Reporting and maintenance on the existing loan portfolios
• Responsible for the timely and accurate risk rating of each loan in one’s assigned portfolio

Role Qualifications:

• 7+ years’ experience within financial institution
• Experience in financial analysis, structuring, underwriting and portfolio management
• Strong communications (verbal and written)
• Commercial Real Estate experience required and experience as Agent for a syndicated loan is preferred
• Strong analytical/technical skills including financial accounting, modeling
• Underwriting and loan structuring preferred
• BS/BA Degree required

Leadership Competencies:

• Serve as mentor/coach to junior PMOs
• Assist CPM with approval on credit requests and other workflow matters, as needed
• Demonstrates strong business and financial acumen
• Ensures self and others maintain a strong focus on client needs
• Manages client relationships in a manner that makes it easier to do business with our company
• Demonstrates and encourages collaboration, connection and teamwork within and beyond his/her team
• Focuses on and recognizes team success
• Actively builds and sustains long-term relationships based on mutual trust
• Is intellectually curious; constantly seeks to learn and advance his/her knowledge
• Remain positive and focused during times of pressure, adversity, or change
• Is resilient; quickly adjusts behaviors in order to be successful.
• Communicates with impact, both in writing and speaking using clear, concise and simple language

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