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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!
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.
• Credit Documentation Requirements
• Analytical Thinking
• Attention to Detail
• Financial Analysis
• Collateral Management
• Decision Making
• Problem Solving
• Portfolio Management
• Loan Structuring
• Business Acumen
• Written Communications
• 2.5+ years of solid experience in financial analysis, structuring, underwriting and portfolio management
Minimum Education Requirement: BS/BA Degree with Accounting or Finance Concentration
• Commercial Credit Underwriting for Auto and RV dealers in a Bank or Captive Finance environment
• Familiarity with Auto and RV Floor Plan product
Shift:1st shift (United States of America)
Hours Per Week:40
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