Senior Distressed Credit Portfolio Lead

Bank of America; Charlotte (NC); On-site; USD 120,000 - 180,000; Full time

Job summary

Bank of America is seeking a Sr. Portfolio Officer in the Special Assets Group (SAG) to manage and resolve highly complex criticized and distressed commercial credit relationships.

You will develop resolution strategies, lead negotiations with borrowers and stakeholders, and partner with senior leadership on recoveries while protecting bank interests. The role requires 7+ years in middle market or large corporate loans, strong credit judgment, and robust financial analysis.

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.
• Proven ability to work independently while influencing outcomes across multiple internal and external stakeholders.
• Strong communication skills; ability to communicate vertically, horizontally, and externally
• Industry knowledge across multiple sectors

Responsibilities

• 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.
• Monitor portfolio performance, recovery trends, and risk migration to identify emerging issues and drive timely action.
• Support portfolio forecasting, reserve discussions, criticized asset reporting, and other portfolio management activities.
• Coach and mentor junior associates on the team to help develop credit and corporate workout skills.
• Serve as a resource on complex credit situations and contribute to initiatives that strengthen SAG processes, risk management practices, and portfolio performance.

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

Job description

Bank of America is seeking a Sr. Portfolio Officer in the Special Assets Group (SAG) to manage and resolve highly complex criticized and distressed commercial credit relationships.

You will develop resolution strategies, lead negotiations with borrowers and stakeholders, and partner with senior leadership on recoveries while protecting bank interests. The role requires 7+ years in middle market or large corporate loans, strong credit judgment, and robust financial analysis.