Business Banking Credit Portfolio Officer II / III

Bank of America•Chicago, IL

4d•$70,000 - $95,800•Onsite

About The Position

The Business Banking Credit Portfolio Officer supports credit underwriting and monitoring for new and existing clients. The role involves completing credit analysis, evaluating risks, and preparing financial analysis using various tools and systems. The position analyzes financial statements, projections, industry data, covenant compliance, collateral, and policy requirements to ensure alignment with the bank’s risk appetite. It supports credit monitoring for existing clients and prepares credit analysis to facilitate decisions about client creditworthiness. The role reports to the Commercial Credit Manager supporting the market.

Requirements

At least 2 years of solid Commercial Banking experience.
Experience in financial analysis, structuring, underwriting, and portfolio management.
Analytical and technical skills, including financial accounting, modeling, and loan structuring.
Strong communication skills, including the ability to communicate vertically, horizontally, and externally.
Industry knowledge across multiple sectors.
High school diploma, GED, secondary school, or equivalent.

Responsibilities

Analyze client financial information, identify and mitigate potential risks, comply with regulatory requirements, and evaluate collateral when determining creditworthiness.
Monitor clients’ financial performance and evaluate collateral to ensure applicable requirements are met.
Listen in on client meetings to develop an understanding of the client’s business, management team, and past and future performance.
Review completed client requests for compliance with policies and procedures.
Understand how credit data is used internally and provided to regulatory partners.
Assist with periodic portfolio reviews.
Support the credit monitoring process for existing clients.
Prepare credit analysis to facilitate decisions about a client’s creditworthiness.