SAG Real Estate 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) Real Estate Senior Portfolio Officer is an individual contributor role responsible for the active management and resolution of large, complex, and high‑risk commercial real estate credit exposures within the classified and criticized portfolio. These exposures arise primarily from the Commercial Real Estate Banking (CREB) and Real Estate Structured Finance (RESF) businesses. 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 5+ years of commercial loan workout, restructuring, or special assets experience, with a strong emphasis on commercial real estate.
• Strong credit underwriting and analysis capabilities, including risk rating, structuring, covenant assessment, and complex capital structures.
• Analytical/technical skills, including financial accounting, modeling and loan structuring.
• Strong communication skills with the ability to influence vertically (executives), horizontally (partners), and externally (clients, counsel, creditors).
• Organizational skills with the ability to manage multiple priorities and time sensitive deliverables.

Nice To Haves

• Experience across a broad range of Commercial Real Estate asset types, including office, retail, industrial, multi‑family, and lodging.
• Exposure to diverse borrower structures, including REITs, funds, and single‑asset entities, with both secured and unsecured credits.
• Familiarity with business/commercial law concepts relevant to credit agreements and restructurings (contracts, insolvency frameworks).
• Working knowledge of ancillary banking products (treasury services, derivatives, deposits, commercial cards).
• Demonstrated ability to operate effectively as an individual contributor in high‑pressure, time‑sensitive situations, exercising sound judgment, prioritization, and execution discipline with minimal supervision.

Responsibilities

• Manage a portfolio of high‑risk, criticized, or distressed commercial real estate loans, including large and complex credit structures.
• Develop and execute workout and resolution strategies tailored to each credit situation (e.g., amendments, restructurings, forbearance, enforcement, exit planning), including scenario analysis and recovery assessments.
• Serve as the primary point of contact for all loan‑related communications with borrowers, sponsors, bank participants, internal partners, and legal counsel.
• Monitor borrower performance, financial condition, covenant compliance, and collateral position; identify emerging risks, recommend timely risk rating actions, and escalate issues appropriately.
• Prepare comprehensive credit approval documentation (memos, strategy recommendations, risk assessments, covenant/structure analyses) and present materials to senior leadership/approval forums as needed
• Support asset quality forecasting, portfolio monitoring, and management reporting routines to ensure accurate and timely visibility into portfolio trends and key risks.
• Ensure full 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.

What This Job Offers

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