Commercial Credit Analyst

2 weeks ago


Jacksonville, Florida, United States Bank of America Full time

Position Title: Portfolio Management Officer II / III

Location: Various Locations

Job Overview:

At Bank of America, our mission is to enhance financial well-being through meaningful connections. We are committed to Responsible Growth, ensuring that we deliver exceptional service to our clients, teammates, communities, and shareholders daily.

We strive to create an inclusive and diverse workplace, recognizing the value of varied backgrounds and experiences. Our investment in our teammates and their families includes competitive benefits aimed at supporting their overall well-being.

Flexibility is key at Bank of America, and we adopt a tailored approach to accommodate the diverse roles within our organization.

Role Responsibilities:

The Portfolio Management Officer (PMO) plays a crucial role in the underwriting and structuring of straightforward credit transactions, exercising a significant degree of independence. The PMO also engages in the structuring and underwriting of more complex credit transactions, receiving guidance from the Credit Products Officer (CPO) or Credit Products Manager (CPM).

The PMO has the authority to approve credit transactions independently, while still benefiting from the support of the CPO/CPM. They actively participate in the internal credit approval process, collaborating with client managers and the CPO in the preparation of Term Sheets.

In addition, the PMO leads the documentation and closing processes for straightforward credit transactions and collaborates with the CPO on complex transactions. They are responsible for ongoing management and accountability for monitoring and maintaining an assigned portfolio, which includes both straightforward and complex client relationships.

The PMO is tasked with the comprehensive oversight of their assigned client base, ensuring proactive identification of issues and opportunities through diligent monitoring of clients' operational performance and financial health.

They provide essential financial, industry, and economic analyses to support informed decision-making, while ensuring compliance with credit policies, guidelines, and regulatory requirements. The PMO reports directly to the Credit Products Manager and works closely with Credit Products Officers and Analysts.

Qualifications:

Required:

  • Minimum of 3 years of experience in commercial credit underwriting, financial analysis, and commercial loan portfolio management.
  • Minimum of 3 years of experience in financial accounting, financial modeling, or loan structuring.
  • Completion of commercial credit training in a commercial banking or captive finance setting.
  • Proficiency in Microsoft Office, particularly Excel.

Preferred:

  • Bachelor's degree in Accounting or Finance.
  • Experience in commercial credit underwriting for automotive and recreational vehicle dealers within a banking or captive finance context.
  • Familiarity with Auto and RV Floor Plan products.

Essential Skills:

  • Credit Documentation Requirements
  • Underwriting Expertise
  • Analytical Thinking
  • Attention to Detail
  • Collaborative Approach
  • Financial Analysis Proficiency
  • Collateral Management
  • Decision-Making Abilities
  • Prioritization Skills
  • Problem-Solving Capabilities
  • Business Acumen
  • Negotiation Skills
  • Effective Written Communication

Work Schedule: 1st Shift

Weekly Hours: 40

Bank of America is dedicated to creating a workplace that upholds equal employment opportunities and promotes a drug-free environment.



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