Asset Based Lending Portfolio Management Officer II page is loaded Asset Based Lending Portfolio Management Officer II Apply locations Boston time type Full time posted on Posted Yesterday job requisition id 24014509 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. Were 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 AB Senior Portfolio Manager. The PMO approves credit transactions without CPO coverage under credit approval grid but with a high level of support from the AB Senior Portfolio Manager . 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 AB Senior Portfolio Manager and partner closely with AB Credit Officers.Job Responsibilities:Monitoring and Analyzing a Portfolio of Retail Finance BorrowersCompleting Risk Rating Score CardsReviewing 3rd Party Field Exams and AppraisalsAnalyzing Financial Trends & StatementsComplying with all Policy & ProceduresPreparing information for Monthly Loan Review and Quarterly SER MeetingsAssess Credit Requests, Analyze Risks and Make RecommendationsRequired Qualifications:2.5 years of solid experience in financial analysis, structuring, underwriting and portfolio management for commercial and/or ABL client segments.Must have proficient analytical/technical skills, including financial accounting, modeling and loan structuring.Formal Credit training desiredSkills:Analytical ThinkingAttention to DetailCollaborationCredit Documentation RequirementsUnderwritingCollateral ManagementDecision MakingFinancial AnalysisPrioritizationProblem SolvingBusiness AcumenLoan StructuringNegotiationPortfolio ManagementWritten CommunicationsMinimum Education Requirement: Bachelor's degree in finance, accounting, economics or business administration.Shift:1st shift (United States of America) Hours Per Week:40About Us Bank of America is committed to help employees through the transition period when theyre displaced as a result of a workforce reduction, realignment or similar measure. Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity.Regardless of the position you are interested in, the starting points to building your resume are the same:1.Determine the job or types of jobs you want to do and research their responsibilities and qualifications.2.Think about why you can do the job and make a list of your skills that are relative to the job.3.Identify experiences or accomplishments that show your proficiency in the skills required for the job.4.Summarize your abilities, accomplishments and skills into a brief, concise document.Considerations when writing a resumeDo be brief. Resumes should be 1-2 pages in length.Do be upbeat and active in your wording.Do emphasize what you have done clearly and concretely.Do be neat and well organized.Do have others proofread and critique your resume. Spell check. Make it error free.Do use high quality, white or light colored 8 x 11 paper. Use a laser printer if possible.Don't be dishonest, always tell the truth about yourself in the most flattering light.Don't include salary history or requirements.Don't include references.Don't include accomplishments that do not support your professional goals. Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.)Don't use italics, underlining, shadows or other fancy treatments.Seven steps to a successful interview1.Anticipate Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview?2.Research What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available?3.Assess Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight.4.Prepare Answers Think about what the interviewer may ask, determine what the best answer is and write it down.5.Prepare Questions Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks.6.Practice It may seem awkward, but it is the best way to come across well in an interview. Practice your own 'great responses' with others or in front of a mirror until you appear relaxed and at ease.7.Follow-up Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage.#J-18808-Ljbffr

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