Senior Portfolio Management Officer-Commercial Real Estate Banking

Bank of America; New York (NY); On-site; USD 99,000 - 169,000; Full time

Job summary

A leading financial institution is seeking a Senior Portfolio Management Officer to oversee a portfolio of complex commercial real estate loans. The ideal candidate will have extensive experience in credit analysis and risk assessment, ensuring adherence to credit policies while supporting business growth. Opportunities for career advancement and a comprehensive benefits package are offered.

Benefits

Industry-leading benefits

Access to paid time off

Support for physical and emotional wellness

Discretionary incentive compensation

Qualifications

• 10+ years commercial credit financial analysis and portfolio management experience.
• 7+ years of financial accounting, financial modeling, or loan structuring.

Responsibilities

• Responsible for managing and monitoring an assigned portfolio of commercial real estate loans.
• Analyzes financial performance and provides underwriting analysis for client requests.

Skills

Analytical Thinking

Credit and Risk Assessment

Prioritization

Written Communications

Attention to Detail

Customer and Client Focus

Portfolio Management

Problem Solving

Education

Bachelor’s degree in finance, accounting, economics or similar

Job description

Senior Portfolio Management Officer-Commercial Real Estate Banking page is loaded

Senior Portfolio Management Officer-Commercial Real Estate Banking

Apply locations New York time type Full time posted on Posted 3 Days Ago job requisition id 25026660

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. 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 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
• 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 Structurng
• Problem Solving
• Negotiation

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$99,100.00 - $168,900.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.

About Us

Bank of America is committed to help employees through the transition period when they’re 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 resume
•Do be brief. Resumes should be 1-2 pages in length.
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•Don't be dishonest, always tell the truth about yourself in the most flattering light.
•Don't include salary history or requirements.
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• 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.)
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Seven steps to a successful interview
1.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.
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