Portfolio Management Officer II in Los Angeles

Portfolio Management Officer II
Bank of America Corporation
Los Angeles CA USA

Job Details

Updated on 2019-05-20

Job Description:

Portfolio Management Officers (PMO II) will primarily be responsible for underwriting and monitoring credit exposure for existing Bank of America Business Capital customers.  Bank of America Business Capital, part of the Wholesale Credit division, provides leveraged loans in a variety of industries including manufacturers, distributors and service companies.  The asset-based loan credit facilities range from $5 million to over $2 billion in size and are collateralized primarily by accounts receivable and inventory.  The PMOs will work closely with the Asset Based Portfolio Specialist teams to serve the credit needs of customers that include requests for loan modifications, analyzing financial performance, negotiating terms, drafting proposals, reviewing documents, and preparing recommendations for approval.  The PMOs will work in a team environment with Asset Based Portfolio Specialists (ABPS), Asset Based Portfolio Managers, and other PMOs and will have the opportunity to interface with customers, financial sponsors and financial intermediaries (including legal counsel, appraisers, collateral field examiners, etc). The PMOs will participate in the internal deal screen and credit approval process led by the ABPS and will have the opportunity to work with the team on term sheets and loan documentation. The PMOs will have responsibility detailed monitoring and maintenance activities on an assigned client base including the preparation of Risk Rating Scorecards and pricing models. PMOs monitor customer 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.  The PMO will report to an Asset Based Portfolio Manager in the Los Angeles Office of the West Region.

 

 

Required Qualifications:

Proficient in Word, Excel, and PowerPoint

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Portfolio Management Officer II
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