Credit Analyst III-SAG

Bank of America

Town of Charlotte (NY)

On-site

USD 90,000 - 130,000

Full time

14 days+

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Job summary

Bank of America is seeking a Credit Analyst III to support the Special Assets Group (SAG) by conducting comprehensive financial, credit, and portfolio analyses of assigned distressed commercial credits. The role involves evaluating borrower performance, identifying risks, and developing resolution strategies in collaboration with SAG Officers.

The position emphasizes analyzing cash flows, collateral, and industry trends to inform credit decisions, with opportunities for mentoring junior analysts

Qualifications

2+ years of experience in commercial banking, credit underwriting, portfolio management, workout, restructuring, or a related discipline.
Strong knowledge of commercial lending, financial statement analysis, credit risk assessment, and commercial credit structures.
Experience analyzing commercial borrowers and preparing credit approval, underwriting, or portfolio management materials.
Experience working with criticized, classified, or distressed commercial credit relationships.
Experience analyzing and recommending restructuring alternatives and credit resolution strategies.
Advanced proficiency in Microsoft Excel, including financial modeling, scenario analysis, and cash flow forecasting.
Understanding of commercial banking regulations, credit policies, risk frameworks, and governance requirements.
Strong relationship management skills with the ability to influence and collaborate across multiple business functions.
Prior experience mentoring junior analysts or providing analytical leadership on complex credit assignments.

Responsibilities

Analyzes client financial information, preparation of financial projections identification/mitigation of potential risks, compliance with regulatory requirements and evaluation of collateral in determination of credit worthiness.
Participates in loan structure conversations and completion of loan documentation.
Completes monitoring activities via analysis of clients’ financial performance and collateral evaluation to ensure appropriate requirements are met.
Participates in client meetings to develop a deeper understanding of the client’s business, management team, and past and future performance, and reviews completed requests to ensure compliance with policy and procedures.
Understands how credit data is used internally and provided to regulatory partners.
Participates in periodic portfolio reviews.
Reviews work of junior teammates to provide feedback/coaching and ensure compliance with laws, rules, regulations and policy / procedure.
Perform complex financial, credit, collateral, and risk analyses for an assigned portfolio of criticized, classified, and distressed commercial credit relationships.
Evaluate borrower financial performance, liquidity, cash flow, collateral coverage, repayment capacity, and industry trends to assess credit quality and identify emerging risks.
Analyze and recommend internal risk ratings consistent with applicable credit policies, standards, and procedures.
Prepare and present detailed borrower reviews, covenant analyses, portfolio assessments, and credit memos to support decision-making.
Develop recommendations to support credit resolution strategies, restructuring alternatives, repayment plans, and recovery initiatives.
Partner with SAG Portfolio Officers to evaluate strategic options and support the execution of resolution plans.
Serve as a key liaison with Credit Risk, Legal, Operations, and other business partners to support portfolio management and credit resolution efforts

Skills

Attention to Detail

Client Management

Decision Making

Underwriting

Credit Documentation

Critical Thinking

Portfolio Management

Problem Solving

Written Communications

Financial Analysis

Negotiation

Education

High School Diploma / GED / Secondary School or equivalent

Job description

Job Description

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!

Job Description

This job is responsible for partnering with a credit team to support underwriting and ongoing monitoring for new and existing clients. Key responsibilities include preparing and reviewing credit analysis to assess creditworthiness and risk, using multiple tools and systems to support underwriting/monitoring, and drafting financial analysis for approval and monitoring materials. Job expectations include independent analysis of qualitative and quantitative data, including financial statements, projections, industry data, covenant compliance, collateral documentation, and policy requirements.

The Special Assets Group (SAG) manages the Bank’s criticized, classified, and distressed commercial credit portfolio. SAG’s primary objective is to maximize recoveries, minimize loss severity, and execute effective resolution strategies that protect the Bank’s interests while preserving long-term enterprise value where appropriate.

The Credit Analyst III serves as a key analytical partner to SAG Portfolio Officers in the management of assigned credits. The analyst performs comprehensive financial, credit, and portfolio analysis to assess borrower performance, identify emerging risks, develop recommendations, and inform the development and execution of resolution strategies.

Responsibilities

Analyzes client financial information, preparation of financial projections identification/mitigation of potential risks, compliance with regulatory requirements and evaluation of collateral in determination of credit worthiness

Participates in loan structure conversations and completion of loan documentation

Completes monitoring activities via analysis of clients’ financial performance and collateral evaluation to ensure appropriate requirements are met

Participates in client meetings to develop a deeper understanding of the client’s business, management team, and past and future performance, and reviews completed requests to ensure compliance with policy and procedures

Understands how credit data is used internally and provided to regulatory partners

Participates in periodic portfolio reviews

Reviews work of junior teammates to provide feedback/coaching and ensure compliance with laws, rules, regulations and policy / procedure

Perform complex financial, credit, collateral, and risk analyses for an assigned portfolio of criticized, classified, and distressed commercial credit relationships.

Evaluate borrower financial performance, liquidity, cash flow, collateral coverage, repayment capacity, and industry trends to assess credit quality and identify emerging risks.