Asset Based Lending Portfolio Management Officer II
Company: Disability Solutions
Location: Boston
Posted on: April 20, 2024
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Job Description:
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. We're 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:
Keywords: Disability Solutions, Newton , Asset Based Lending Portfolio Management Officer II, Executive , Boston, Massachusetts
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