SAG Real Estate Sr Portfolio Officer – Commercial Foreclosed Property

Bank of America•Los Angeles, CA

1d•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! The SAG Portfolio Sr. Administrator serves as the primary administrator for an assigned portfolio of commercial foreclosed assets (OREO). This role partners closely with Special Asset Managers, Sr. Portfolio Officers, and Market Leadership to execute and coordinate the administrative activities required to support the management of commercial distressed loan and foreclosed asset portfolios, ensuring data integrity, documentation accuracy, and timely processing of transactions. The SAG Portfolio Sr. Administrator enables portfolio teams to focus on asset strategy and resolution (sale) by owning the administrative lifecycle of assigned assets and serving as a key point of coordination across internal operational partners.

Requirements

3+ years experience in commercial loan servicing, asset management support, or a related operational role.
Experience working effectively across multiple accounting and servicing platforms.

Nice To Haves

Experience supporting Special Assets, Corporate Workout, or Distressed Credit environments.
Ability to work effectively within large, matrixed organizations with multiple internal partners.
Understanding of enterprise‑level processes, controls, and governance standards.
Experience organizing and producing documentation to support internal audits, regulatory exams, or control testing

Responsibilities

Maintain accurate, complete, and timely portfolio records across multiple internal OREO systems.
Administer wire transfers and fund movements, ensuring accuracy, appropriate approvals, and adherence to internal controls.
Review, track, and cure documentation, exceptions in accordance with credit policy and regulatory requirements.
Coordinate with internal partners (Legal, Credit, Operations, Risk, Compliance, and Records Management) to resolve issues impacting asset enforceability or resolution timelines.
Ensure that property records and related documentation remain current and properly recorded.
Act as a key liaison between SAG and internal operational teams, including Loan Operations, Treasury Services, Legal, and Finance.
Support Asset Managers by preparing documentation, tracking deliverables, and proactively identifying administrative or operational risks.
May Support compliance with agency documentation.
May assist in compiling and submitting required reports to government agencies in a timely and accurate manner.
Identify administrative or operational risks within the portfolio and escalate issues appropriately.
Adhere to all Bank policies, procedures, and control standards, supporting audit, exam, and regulatory reviews as needed.