Senior Distressed Credit Portfolio Officer

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

Job summary

Bank of America’s Special Assets Group (SAG) seeks a Corp/Comm Senior Portfolio Officer to manage and resolve the bank’s most complex criticized, classified, and distressed credit relationships. You will develop and execute resolution strategies, lead negotiations with borrowers and sponsors, and provide subject matter expertise on complex credit situations.

This role partners with senior leadership, Credit Risk, Legal, and line-of-business teams to maximize recoveries, minimize losses, and

Qualifications

• 7+ years of experience in middle market or large corporate loans or related risk management.
• Extensive knowledge of commercial lending, credit analysis, loan documentation, collateral analysis, and credit structures.
• Proven negotiation skills with borrowers, sponsors, and lenders.
• Strong financial analysis skills including cash flow, collateral evaluation, repayment capacity, and enterprise valuation concepts.
• Ability to exercise sound credit judgment in complex, time-sensitive situations.
• Proven ability to work independently while influencing outcomes across multiple stakeholders.
• Strong communication skills—vertically, horizontally, and externally.
• Industry knowledge across multiple sectors.

Responsibilities

• Manage a portfolio of highly complex distressed credit relationships through all stages of the resolution process.
• Develop and execute credit resolution strategies 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 SAG process improvements.

Skills

Adaptability

Negotiation

Financial Analysis

Underwriting

Risk Management

Decision Making

Problem Solving

Critical Thinking

Client Management

Loan Structuring

Oral Communications

Written Communications

Collection Management

Legal Structures

Credit and Risk Assessment

Job description

Bank of America’s Special Assets Group (SAG) seeks a Corp/Comm Senior Portfolio Officer to manage and resolve the bank’s most complex criticized, classified, and distressed credit relationships. You will develop and execute resolution strategies, lead negotiations with borrowers and sponsors, and provide subject matter expertise on complex credit situations.

This role partners with senior leadership, Credit Risk, Legal, and line-of-business teams to maximize recoveries, minimize losses, and