Senior Portfolio Management Officer - Commercial Real Estate Bank...
Bank of America - Chicago, Illinois, United States, 60290
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Overview
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Job Description: The Senior Portfolio Management Officer (SPMO) is responsible for the ongoing management and primary accountability for all monitoring and maintenance activities for an assigned portfolio of commercial real estate loans, primarily consisting of larger/complex client relationships. This role completes credit monitoring responsibilities with minimal oversight from the CPM/SCPM and demonstrates strong judgment, sound credit decisioning skills and is an active participant with the Credit Team in the credit approval process for complex clients/transactions. They monitor the operating performance and financial conditions of existing commercial real estate facilities to proactively meet scheduled monitoring deadlines and identify issues and opportunities. SPMOs deliver financial, industry, economic and other analysis to facilitate decision making and inform risk rating recommendations, while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements. Additionally, the SPMO is responsible for providing underwriting analysis and approval recommendations for various Borrower requests related to assigned client base/facilities. They report to the Senior Credit Products Manager (SCPM) or Credit Products Manager (CPM) and partner closely with the Credit Team (Credit Risk Manager (CRM), Relationship Managers (RM), Credit Officers (CO), and Underwriters (UW)) to ensure Client needs/requests are being addressed. The SPMO provides ongoing coaching and support to other Credit Products team members. 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 To proceed with your application, you must be at least 18 years of age. To proceed with your application, you must be at least 18 years of age. Age requirement: Must at least be 18 years of age. Illinois pay and benefits information $99,100.00 - $168,900.00annualized 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. This role is currently
benefits eligible
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