Senior Distressed Credit Portfolio Lead

Bank of America; Chicago (IL); On-site; USD 111,000 - 209,000; Full time

Job summary

Bank of America is seeking a Sr. Portfolio Officer in Chicago to manage the most complex distressed commercial credit relationships.

You will develop and execute resolution strategies, lead negotiations with borrowers and stakeholders, and collaborate with Risk Management and Legal to maximize recoveries. The role requires deep credit expertise, strong negotiation skills, and the ability to influence across multiple internal and external partners.

Qualifications

• Minimum of 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.

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 and minimize losses.
• Lead negotiations involving restructurings, repayment plans, settlements, and collateral dispositions.
• Prepare and present strategy recommendations, credit approvals, and updates to senior leadership and risk partners.

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 Chicago to manage the most complex distressed commercial credit relationships.

You will develop and execute resolution strategies, lead negotiations with borrowers and stakeholders, and collaborate with Risk Management and Legal to maximize recoveries. The role requires deep credit expertise, strong negotiation skills, and the ability to influence across multiple internal and external partners.