Business Banking Credit Portfolio Officer II / III

Bank of America • Chicago, IL

3d • Onsite

About The Position

At Bank of America, the Business Banking Credit Portfolio Officer supports credit underwriting and monitoring for new and existing clients. The role analyzes financial statements, projections, industry data, covenant compliance, collateral, and policy requirements to assess risk and ensure lending decisions align with the bank’s risk appetite. It prepares credit analysis to support decisions about clients’ creditworthiness and supports ongoing monitoring of existing clients. The position reports to the Commercial Credit Manager supporting the market.

This is a first-shift role based at Bank of America Tower Chicago, 110 N Wacker Dr, Chicago, Illinois. The position is scheduled for 40 hours per week. The role is eligible for the annual discretionary incentive plan and benefits, including access to paid time off.

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 qualification, or equivalent.

Responsibilities

• Analyze client financial information, identify and mitigate potential risks, assess collateral, and ensure compliance with regulatory requirements when determining creditworthiness.
• Monitor clients’ financial performance and evaluate collateral to confirm that applicable requirements are met.
• Listen in on client meetings to develop understanding of clients’ businesses, management teams, and past and future performance.
• Review completed client requests for compliance with policy 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 clients’ creditworthiness.

Benefits

• Benefits eligibility
• Access to paid time off
• Eligibility to participate in the annual discretionary incentive plan

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED