1+ months

Special Assets Group - Portfolio Officer - Commercial Credit

Charlotte, NC 28230
**Job Description:**



The Special Asset Group manages the high risk/criticized commercial loan portfolio for the GCIB, Wealth Investment Management, Business Banking, Client Development Group and Practice Solutions segments of Bank of America. This position focuses primarily on the workout, collection and rehabilitation of commercial loans ($500M - $1,500M) originated by Business Banking.



A Portfolio Officer is responsible for the resolution of the banks criticized asset portfolio with particular emphasis on medium size, moderately 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.



**Required Skills & Experience:**



+ Typically has 2-3 years of workout or commercial underwriting experience

+ The candidate must have an understanding of commercial lending/credit analysis

+ Be a creative thinker

+ 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.

+ 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, SBA guarantees and real estate secured loans.

+ Experience should include knowledge of bankruptcy law

+ Must exhibit all of Bank of America core values

+ Proficient in Word and Excel

+ 4-yr degree



**Desired Skills & Experience:**



+ 3+ years workout or bank commercial credit U/W experience

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

+ Complex commercial credit analysis skills

+ Understanding of workout strategies

+ 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** : 05/21/2019



**Location** :

Charlotte, NC, BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST,

- United States



**Travel** : Yes, 5% of the time



**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: 2019-05-23 Expires: 2019-09-11

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Special Assets Group - Portfolio Officer - Commercial Credit

Bank of America
Charlotte, NC 28230

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