SAG Corp/Comm Sr Portfolio Officer

Bank of America•Charlotte, NC

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! 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, commercial credit restructuring, or related risk management experience.
Demonstrated ability to manage complex borrower relationships and drive outcomes in distressed situations
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
Ability to work independently on complex transactions while exercising sound credit judgment
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
Ability for problem solving / critical / creative thinking / mental flexibility
Strong Negotiation Skills
Ability to think strategically, with an eye for detail

Responsibilities

Manage a portfolio of criticized/distressed commercial loan relationships from strategy development through resolution
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.
Assess borrower performance, financial condition, covenant compliance, and collateral sufficiency to determine appropriate strategic actions
Prepare credit approval documents, justify recommended strategies, and present to senior leadership for decisioning.
Support asset quality forecasting and reporting efforts.
Ensure adherence 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.