Senior Credit Officer, Special Assets & Distressed Loans

NBMBAA; Chicago (IL); Sur place; USD 100 000 - 157 000; Plein temps

Résumé du poste

Bank of America seeks a senior-level credit professional to manage a high-risk commercial loan portfolio and drive resolution strategies that minimize losses. You will negotiate settlements, oversee foreclosures and bankruptcies, and ensure strict adherence to bank policies and regulatory standards.

The role emphasizes risk assessment, stakeholder collaboration, and leadership of a team in complex, time-sensitive situations to maximize recoveries for the bank.

Qualifications

• 7+ years of experience in middle market or large corporate loans, credit restructuring, or related risk management experience.
• Extensive knowledge of commercial lending, credit analysis, commercial loan documentation, collateral analysis, and commercial credit structures.
• Proven negotiation skills and experience leading borrower, sponsor, legal, and lender discussions.
• Strong financial analysis skills, including cash flow analysis, collateral evaluation, repayment capacity assessment, and enterprise valuation concepts.
• Ability to exercise sound credit judgment and make decisions in complex, time-sensitive situations.
• Industry knowledge across multiple sectors.

Responsabilités

• Develops, negotiates, and implements comprehensive resolution strategies.
• Manages and oversees adversarial collection actions (e.g. litigation, foreclosures, bankruptcies, and receiverships).
• Ensures compliance with bank policies and regulatory standards.
• Oversees the asset quality of the portfolio through effective risk management practices.
• Conducts periodic portfolio reviews.
• Establishes and maintains collaborative partnerships with internal and external stakeholders.
• Manage a portfolio of highly complex criticized, classified, and distressed commercial credit relationships through all stages of the resolution process.
• Develop and execute credit resolution strategies designed to maximize recoveries, minimize loss severity, and protect the Bank’s interests.
• Assess borrower performance, collateral support, guarantor strength, industry conditions, and legal considerations to determine the optimal path to resolution.
• Lead negotiations involving restructurings, repayment plans, settlements, discounted payoffs, collateral dispositions, note sales, and other recovery-focused solutions.
• Prepare and present strategy recommendations, credit approvals, and portfolio updates to senior leadership and risk management partners.
• Serve as the primary point of contact for borrowers, sponsors, attorneys, consultants, participating lenders, and other stakeholders associated with assigned relationships.
• Manage bankruptcy, litigation, foreclosure, receivership, and other legal recovery actions to maximize recoveries and minimize losses.
• Coach and mentor junior associates on the team to help develop credit and corporate workout skills.

Connaissances

Adaptability

Collection Management

Critical Thinking

Problem Solving

Risk Management

Credit and Risk Assessment

Decision Making

Financial Analysis

Legal Structures and Legal Forms

Underwriting

Client Management

Loan Structuring

Negotiation

Oral Communications

Written Communications

Formation

High School Diploma / GED / Secondary School or equivalent

Description du poste

Bank of America seeks a senior-level credit professional to manage a high-risk commercial loan portfolio and drive resolution strategies that minimize losses. You will negotiate settlements, oversee foreclosures and bankruptcies, and ensure strict adherence to bank policies and regulatory standards.

The role emphasizes risk assessment, stakeholder collaboration, and leadership of a team in complex, time-sensitive situations to maximize recoveries for the bank.