Distressed Credit Analyst - Special Assets

Bank of America; Town of Charlotte (NY); On-site; USD 60,000 - 90,000; Full time

Job summary

Bank of America is seeking a detail-oriented professional to support the Special Assets Group in qualitative and quantitative analysis of high-risk commercial clients. You will assist in developing resolution strategies, ensure compliance with policies, and collaborate with stakeholders across Risk, Legal and Operations.

The role emphasizes strong financial modeling, risk assessment, and adaptive problem solving in a fast-paced environment with a focus on reducing losses and strengthening

Qualifications

• Experience analyzing commercial borrowers and supporting portfolio management.
• Proficiency in Microsoft Office, especially Excel, with financial models.
• Understanding of commercial workout, distress credit management.
• Strong relationship-building with Risk, Legal, Operations teams.
• Self-motivated learner adaptable to changing priorities.
• Knowledge of commercial banking regulations and risk policies.
• Completion of banking/accounting/credit training or certifications.

Responsibilities

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

Job description

Bank of America is seeking a detail-oriented professional to support the Special Assets Group in qualitative and quantitative analysis of high-risk commercial clients. You will assist in developing resolution strategies, ensure compliance with policies, and collaborate with stakeholders across Risk, Legal and Operations.

The role emphasizes strong financial modeling, risk assessment, and adaptive problem solving in a fast-paced environment with a focus on reducing losses and strengthening