Senior Credit Resolution Officer - Distressed Assets

Bank of America; Charlotte (NC); On-site; USD 140,000 - 200,000; Full time

Job summary

Bank of America in the United States is seeking an experienced credit professional to directly manage a high-risk commercial loan portfolio, focusing on reducing losses and implementing resolution strategies.

You will lead negotiations, oversee adversarial actions, ensure policy compliance, and collaborate with internal and external stakeholders to maximize recoveries. This role requires strong credit judgment across industries and the ability to mentor junior associates.

Qualifications

• 7+ years of experience in middle market or large corporate loans or related risk management.
• Extensive knowledge of commercial lending, credit analysis, and loan documentation.
• Proven negotiation skills leading borrower, sponsor, legal, and lender discussions.
• Strong financial analysis skills including cash flow analysis and enterprise valuation.

Responsibilities

• 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.

Skills

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

Education

High School Diploma / GED / Secondary School or equivalent

Job description

Bank of America in the United States is seeking an experienced credit professional to directly manage a high-risk commercial loan portfolio, focusing on reducing losses and implementing resolution strategies.

You will lead negotiations, oversee adversarial actions, ensure policy compliance, and collaborate with internal and external stakeholders to maximize recoveries. This role requires strong credit judgment across industries and the ability to mentor junior associates.