SAG Corp/Comm Sr Portfolio Officer

Bank of America • Boston, MA

3d • Onsite

About The Position

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 Special Assets Group (SAG) Corp/Comm Senior Portfolio Officer is responsible for managing a portfolio of problem commercial credit exposures, with an emphasis on the most complex and high-risk credits. The role is central to protecting the bank’s interests by developing and executing effective workout and resolution strategies focused on reducing the volatility and severity of losses and, when possible and appropriate, to maximize revenue and growth opportunities through rehabilitation and retention of existing client relationships.

Requirements

• Minimum of 7+ years of experience in middle market or large corporate loans, credit restructuring, or related risk management experience.
• Strong credit analysis and underwriting skills, including risk rating, structuring, and covenant assessment.
• Analytical/technical skills, including financial accounting, modeling and loan structuring.
• Strong communication skills; ability to communicate vertically, horizontally, and externally.
• Industry knowledge across multiple sectors.

Nice To Haves

• Knowledge of Business Law, a legal aptitude, strong knowledge of contracts, and knowledge of bankruptcy law
• Knowledge of ancillary banking products such as treasury services, derivatives, commercial cards, and deposits
• Strong knowledge of Commercial Loan Documentation
• Knowledge of Commercial Credit Structure
• Skills: Adaptability Collection Management Critical Thinking Problem Solving Risk Management Credit and Risk Assessment Decision Making Financial Analysis Legal Structures and Legal Forms Underwriting Client Management Loan Structuring Negotiation Oral Communications Written Communications

Responsibilities

• Manage a portfolio of high-risk/criticized or distressed commercial loans.
• Develop and execute workout and resolution strategies tailored to each credit situation.
• Serve as the primary contact for all loan-related communications, including borrowers, bank participants, legal counsel, and internal/external stakeholders.
• Monitor borrower performance, financial condition, and covenant compliance to ensure timely risk rating adjustments and proactive issue identification.
• Prepare credit approval documents, justify recommended strategies, and present to senior leadership for decisioning.
• Support asset quality forecasting and reporting efforts.
• Ensure compliance with internal credit policies and applicable regulatory requirements.
• Collaborate with LOB partners, legal teams, and external bank groups to drive resolution outcomes.
• Coach and mentor junior associates on the team to help develop credit and corporate workout skills.

Benefits

• 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.
• 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.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed