SAG Financial Analyst

Bank of America; Chicago (IL); On-site; USD 87,000 - 94,000; Full time

Benefits offered by this job

Benefits eligible

Annual bonus eligibility

Job summary

Bank of America is seeking a SAG Financial Analyst to support portfolio officers in evaluating high-risk commercial credits and developing resolution strategies. The role emphasizes rigorous financial, credit, and risk analysis to maximize recoveries while maintaining compliance.

The position works within the Special Assets Group to minimize loss severity and protect enterprise value, requiring strong analytical skills, attention to detail, and ability to collaborate across risk, legal, and

Qualifications

• Minimum Education: High School Diploma or GED or equivalent.
• Experience in commercial banking, credit analysis, underwriting, or portfolio management.
• Strong analytical and communication skills; ability to manage multiple priorities.

Responsibilities

• Conduct qualitative and quantitative analysis of high-risk/criticized or distressed commercial clients for SAG Portfolio Officers.
• Support adversarial collection actions such as litigation, foreclosures, bankruptcies, and receiverships.
• Adhere to bank policies and regulatory standards; contribute to compliance initiatives.
• Perform financial, credit, and risk analyses for assigned portfolio; support resolution strategies.
• Prepare financial spreads, covenant analyses, borrower reviews, and portfolio reporting.

Skills

Analytical Thinking

Financial Analysis

Credit Analysis

Risk Management

Excel Proficiency

Communication Skills

Attention to Detail

Underwriting

Portfolio Management

Problem Solving

Education

High School Diploma or equivalent

Tools

Microsoft Excel

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 assisting with the qualitative and quantitative analysis of a high-risk/criticized or distressed commercial clients. Key responsibilities include supporting Special Assets Group Portfolio Officers in developing and executing resolution strategies focused on reducing the volatility and severity of losses in the portfolio. Job expectations include strict adherence to all bank policies and regulatory requirements, proactive identification and mitigation of risks within the portfolio, and maintaining high standards of integrity and ethics standards in all interactions.

The Special Asset 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 SAG Financial Analyst plays a critical role in supporting SAG Portfolio Officers in the management of assigned credits. The analyst provides comprehensive financial, credit, and portfolio support to evaluate borrower performance, identify emerging risks, and contribute to the development and execution of resolution strategies.

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


• Perform financial, credit, and risk analysis for an assigned portfolio of criticized, classified, and distressed commercial credit relationships, ensuring adherence to applicable policies, standards, and procedures.


• Evaluate borrower financial performance, repayment capacity, collateral positions, and risk trends to identify emerging credit issues and support portfolio management activities;


• Assist in the assessment and recommendation of internal risk ratings and monitor changes throughout the credit life cycle.


• Prepare financial spreads, covenant analyses, borrower reviews, portfolio reporting, and other credit-related analyses to support SAG Portfolio Officer decision‑making.


• Support the development and execution of credit resolution strategies through financial analysis, industry research, and portfolio monitoring.


• Develop an understanding of the Bank’s products, credit processes, and portfolio dynamics to assess risk and support effective resolution outcomes.

Required Qualifications

• Must have experience in commercial banking, credit analysis, underwriting, portfolio management, workout, restructuring, or a related field.


• Foundational knowledge of financial statement analysis, credit analysis, and commercial lending principles.


• Strong analytical and problem-solving skills with the ability to assess financial performance and identify key risk factors.


• Strong verbal and written communication skills with the ability to communicate effectively across teams and organizational levels.


• Ability to manage multiple priorities, work in a fast‑paced environment, and meet established deadlines.


• Demonstrated attention to detail and commitment to accuracy.

Desired 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.

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

Minimum Education Requirement

High School Diploma / GED / Secondary School or equivalent

Shift

1st shift (United States of America)

Hours Per Week

40

Pay Transparency details

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110)

Pay and benefits information

Pay range

$86,800.00 - $93,800.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.