Senior Portfolio Management Officer - Commercial Real Estate Banking

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

Desired Qualifications

Skills

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.