Comm Sr Portfolio Officer

Bank of America•Boston, MA

5d•$109,500 - $205,900•Onsite

About The Position

The Special Assets Group (SAG) Sr 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 commercial credit, leasing, structured finance, credit restructuring, or related risk management experience.
Demonstrated experience managing criticized or distressed leasing relationships
Strong understanding of lease structures, collateral considerations, and credit risk implications
Proven ability to apply sound judgment in ambiguous or judgment‑intensive credit situations
Credit analysis and underwriting skills, including risk rating, structuring, and covenant assessment.
Strong communication skills; ability to communicate vertically, horizontally, and externally

Nice To Haves

Knowledge of Business Law, a legal aptitude, strong knowledge of contracts, and knowledge of bankruptcy law
Ability to work independently on complex transactions while exercising sound credit judgment
Knowledge of ancillary banking products such as credit products, treasury services, derivatives, commercial cards, and deposits
Knowledge of Commercial Credit Structure
Ability for problem solving / critical / creative thinking / mental flexibility
Strong Negotiation Skills
Ability to think strategically, with an eye for detail
Bachelors Degree

Responsibilities

Manage a portfolio of criticized or distressed commercial leasing relationships from strategy development through resolution
Develop and execute remediation, workout, restructuring, or exit strategies that reflect lessee performance, lease structure, collateral value, and contractual terms
Serve as the primary point of contact for lessees and coordinate engagement with internal partners, legal counsel, asset management teams, and external stakeholders
Evaluate ongoing lessee financial performance and its impact on lease economics, collateral recovery prospects, and credit risk exposure
Prepare credit approval documents, justify recommended strategies, and present to senior leadership for decisioning.
Lead negotiations related to lease modifications, restructurings, asset disposition strategies, or enforcement actions
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.