Bank of America
Senior Portfolio Management Officer - Commercial Real Estate Banking
Bank of America, Chicago, Illinois, United States, 60601
Senior Portfolio Management Officer
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Responsibilities
Responsible for post-closing credit activities including processing approvals for pre-approved extensions and minor modifications, and ensuring associated legal documents are properly documented. Responsible for all monitoring and maintenance activities on an assigned portfolio including risk rating scorecards, annual sponsor/guarantor financial reviews, covenant compliance, construction monitoring, interest reserve analysis, lease reviews, loan reporting, and site inspections. Collateral analysis, sponsor/guarantor financial analysis, and review of related legal documents. Credit facilities primarily include bridge, term, and construction loans for commercial real estate developers and investors. The PMO is responsible to drive process simplification and improvement under the direction of management. Serves as a mentor/coach to junior PMOs and assists CPM/SCPM with credit approvals and other workflow matters. Required Qualifications
10+ years commercial credit financial analysis and portfolio management experience. 7+ years of financial accounting, financial modeling, or loan structuring. Commercial Credit Training Desired Qualifications
Bachelor's degree in finance, accounting, economics or similar Certificate from accredited real estate educational program Large money center bank experience CRE portfolio management experience Skills
Analytical Thinking Credit and Risk Assessment Prioritization Written Communications Attention to Detail Collateral Management Customer and Client Focus Legal Structures and Legal Forms Portfolio Management Collaboration Underwriting Loan Structuring Problem Solving Negotiation Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110) Pay and benefits information Pay range $99,100.00 - $168,900.00 annualized salary, offers to be determined 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, access to paid time off, 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.
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Responsibilities
Responsible for post-closing credit activities including processing approvals for pre-approved extensions and minor modifications, and ensuring associated legal documents are properly documented. Responsible for all monitoring and maintenance activities on an assigned portfolio including risk rating scorecards, annual sponsor/guarantor financial reviews, covenant compliance, construction monitoring, interest reserve analysis, lease reviews, loan reporting, and site inspections. Collateral analysis, sponsor/guarantor financial analysis, and review of related legal documents. Credit facilities primarily include bridge, term, and construction loans for commercial real estate developers and investors. The PMO is responsible to drive process simplification and improvement under the direction of management. Serves as a mentor/coach to junior PMOs and assists CPM/SCPM with credit approvals and other workflow matters. Required Qualifications
10+ years commercial credit financial analysis and portfolio management experience. 7+ years of financial accounting, financial modeling, or loan structuring. Commercial Credit Training Desired Qualifications
Bachelor's degree in finance, accounting, economics or similar Certificate from accredited real estate educational program Large money center bank experience CRE portfolio management experience Skills
Analytical Thinking Credit and Risk Assessment Prioritization Written Communications Attention to Detail Collateral Management Customer and Client Focus Legal Structures and Legal Forms Portfolio Management Collaboration Underwriting Loan Structuring Problem Solving Negotiation Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110) Pay and benefits information Pay range $99,100.00 - $168,900.00 annualized salary, offers to be determined 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, access to paid time off, 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.