Distressed Credit Analyst - Special Assets

Bank of America; Charlotte (NC); On-site; USD 45,000 - 65,000; Full time

Job summary

Bank of America in Charlotte, NC is seeking a candidate to assist with qualitative and quantitative analysis of high-risk commercial clients within the Special Assets Group. You will support Portfolio Officers in developing resolution strategies to reduce losses while adhering to bank policies and regulatory requirements.

This role emphasizes risk management, collaboration with Risk, Legal and Operations, and hands-on credit analysis, workout and distressed asset knowledge.

Qualifications

• Experience analyzing commercial borrowers, preparing credit underwriting packages, or supporting portfolio management activities.
• Proficiency in Microsoft Office applications, particularly Excel, including experience building, maintaining, and analyzing financial models.
• Understanding of commercial workout, restructuring, special assets, or distressed credit management.
• Strong relationship-building skills and ability to collaborate with business partners across Risk, Legal, Operations, and other support functions.
• Self-motivated learner with the ability to adapt quickly to changing priorities and business needs.
• Knowledge of commercial banking regulations, credit policies, and risk management practices.
• Completion of relevant banking, accounting, or credit training programs, internships, or certifications.

Responsibilities

• Conducts qualitative and quantitative analysis of high-risk/criticized or distressed commercial clients for Special Assets Group Portfolio Officers
• Supports adversarial collection actions such as litigation, foreclosures, bankruptcies, and receiverships
• Adheres to bank policies and regulatory standards contributing to compliance initiatives
• Supports the asset quality process of the portfolio through effective risk management practices and periodic portfolio reviews
• Assists with maintaining and establishing collaborative partnerships with stakeholders

Skills

Adaptability

Analytical Thinking

Critical Thinking

Problem Solving

Risk Management

Credit and Risk Assessment

Financial Analysis

Oral Communications

Research

Written Communications

Attention to Detail

Collection Management

Legal Structures and Legal Forms

Prioritization

Underwriting

Education

High School Diploma / GED

Tools

Excel

Microsoft Office

Job description

Bank of America in Charlotte, NC is seeking a candidate to assist with qualitative and quantitative analysis of high-risk commercial clients within the Special Assets Group. You will support Portfolio Officers in developing resolution strategies to reduce losses while adhering to bank policies and regulatory requirements.

This role emphasizes risk management, collaboration with Risk, Legal and Operations, and hands-on credit analysis, workout and distressed asset knowledge.