1+ months

SAG Portfolio Officer

Chicago, IL 60664
**Job Description:**



The Special Asset Group manages the high risk/criticized commercial loan portfolio for the GCIB, Wealth Investment Management, Business Banking, Small Business and Practice Solutions segments of Bank of America. This position focuses primarily on the workout, collection and rehabilitation of commercial loans ($750M - $10MM+) originated by the Business Banking, Small Business and Practice Solutions lines of business.



A Portfolio Officer is responsible for the management, workout, collection, and asset quality of a criticized loan portfolio with particular emphasis on the largest and most complex relationships. Typically has prior workout/commercial loan experience or educational and other accomplishments that are indicative of a highly motivated individual with strong advancement potential. A Portfolio Officer also serves as the bank officer in legal actions. Reports to theSAGRegional Executive.



**Required Skills and Experience:**



+ 3 to 5 years workout or bank commercial credit underwriting experience

+ The candidate must demonstrate a thorough knowledge commercial credit analysis, using strategic and creative thinking

+ The role requires excellent written and oral communication skills

+ Should have good negotiation skills

+ The candidate will be required to manage several tasks at once and work efficiently and effectively as an individual as well as a senior member of the team

+ Some characteristics required for the job would include attention to detail, accuracy and timeliness, ability to think broadly and recommend in-depth workout solutions, with good problem solving skills and flexibility.

+ Working knowledge of loan structuring on A/R, inventory, equipment, other commercial transactions, Real Estate and Asset Based Lending.

+ Loans managed are usually more complex credits.

+ Working knowledge of bank products such as Treasury Management, Derivatives, Swaps, Sweep accounts, DDA deposits

+ Experience should include knowledge of bankruptcy law

+ Must exhibit all of Bank of America core values

+ Proficient in Word and Excel

+ Bachelor's Degree or equivalent work experience



**Desired Skills and Experience:**



+ 5+ years workout or commercial credit underwriting experience

+ BS or BA in finance, accounting, economics or management

+ Complex commercial credit analysis skills

+ A thorough knowledge of commercial loan documentation

+ Bankruptcy and business law knowledge



_Enterprise Role Overview_



_Typically has 5+ years workout/commercial loan experience or educational and other accomplishments that are indicative of a highly motivated individual with strong advancement potential. Reports to a Special Assets Manager or a Senior Portfolio Officer. Spends majority of time assisting in the management of more complex relationships, with specific emphasis on financial analysis, credit action and asset quality report preparation, and documentation review. May also manage a portfolio._



**Posting Date** : 07/15/2019



**Location** :

Chicago, IL, 135 S LA SALLE ST (IL4135),

- United States



**Travel** : No



**Full / Part-time** : Full time



**Hours Per Week** : 40



**Shift** : 1st shift



**Assistance for Applicants with Disabilities**



Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .



**Diversity & Inclusion**



At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.



**Frequently Asked Questions**



Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.

Industry

  • Banking / Finance
Posted: 2019-07-17 Expires: 2019-09-14

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SAG Portfolio Officer

Bank of America
Chicago, IL 60664

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