Job Title

SAG Corp/Comm Sr Port Officer Chicago, Illinois;New York, New York; Boston, Massachusetts; Providence, Rhode Island To proceed with your application, you must be at least 18 years of age. Acknowledge Refer a friend To proceed with your application, you must be at least 18 years of age. Acknowledge ( Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammatesu2019 physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us Job Description: Typically has 7+ years workout/corporate loan experience. Reports to the credit products head - special assets or the international special assets regional manager. Primary market contact for both internal and external communications. May have managerial responsibility for all levels of credit products special assets associates in assigned market. Experience includes knowledge of bankruptcy law, workout strategies, and commercial credit analysis, structuring and market dynamics. Has corporate special assets credit approval authority and, may become directly involved in workoutstrategies/negotiations.May have international responsibilities and therefore require familiarity with a multitude of different banking and legal systems, as well as senior level bankers and governmental agencies. Lead workout negotiations on agented deals where the bank is lead agent. The Special Assets Group (SAG) Corp/Comm Senior Portfolio Officer is responsible for managing a portfolio of problem commercial credit exposures, with an emphasis on the most complex and high-risk credits. The role is central to protecting the banku2019s interests by developing and executing effective workout and resolution strategies focused on reducing the volatility and severity of losses and, when possible and appropriate, to maximize revenue and growth opportunities through rehabilitation and retention of existing client relationships. Responsibilities: u2022 Manage a portfolio of high-risk/criticized or distressed commercial loans. u2022 Develop and execute workout and resolution strategies tailored to each credit situation. u2022 Serve as the primary contact for all loan-related communications, including borrowers, bank participants, legal counsel, and internal/external stakeholders. u2022 Monitor borrower performance, financial condition, and covenant compliance to ensure timely risk rating adjustments and proactive issue identification. u2022 Prepare credit approval documents, justify recommended strategies, and present to senior leadership for decisioning. u2022 Support asset quality forecasting and reporting efforts. u2022 Ensure compliance with internal credit policies and applicable regulatory requirements. u2022 Collaborate with LOB partners, legal teams, and external bank groups to drive resolution outcomes. u2022 Coach and mentor junior associates on the team to help develop credit and corporate workout skills. Required Qualifications: u2022 Minimum of 7+ years of experience in corporate workout, credit restructuring, or related risk management experience. u2022 Strong credit analysis and underwriting skills, including risk rating, structuring, and covenant assessment. u2022 Analytical/technicalskills, including financial accounting, modeling and loan structuring u2022 Strong communication skills; ability to communicate vertically, horizontally, and externally u2022 Industry knowledge across multiple sectors Desired Qualifications: u2022 Knowledge of Business Law, a legal aptitude, strong knowledge of contracts, and knowledge of bankruptcy law u2022 Ability to work independently on complex transactions while exercising sound credit judgment u2022 Knowledge of ancillary banking products such as treasury services, derivatives, commercial cards, and deposits u2022 Strong Knowledge of Commercial Loan Documentation u2022 Knowledge of Commercial Credit Structure u2022 Ability for problem solving / critical / creative thinking / mental flexibility u2022 Strong Negotiation Skills u2022 Ability to think strategically, with an eye for detail 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 Shift: 1st shift (United States of America) Hours Per Week: 40 Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. To view the