SAG Portfolio Officer

Company: Bank of America
Location: Providence
Posted on: August 4, 2022

Job Description:

Job Description:The Special Asset Group manages the high risk/criticized or distressed commercial loan portfolio for Bank of America. This position focuses primarily on the workout, collection and rehabilitation of commercial loans originated by Business Banking. Business Banking serves mid-sized U.S.-based companies with annual revenues between $5 million and $50 million.The SAG Portfolio Officer is responsible for the resolution of the bank's criticized asset portfolio with particular emphasis on medium size, moderately complex relationships. The individual will be the primary contact for both internal and external communications associated with the loans in his/her assigned portfolio. The successful candidate will be directly involved in workout strategies and negotiations and 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 SAG Portfolio Officer also serves as the bank officer in legal actions.Required/Desired:

• The SAG Portfolio Officer typically has 2-3 years of workout or commercial underwriting experience and a strong understanding of commercial lending/credit analysis.
• The successful candidate will have excellent written and oral communication skills and strong 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 ARs, inventory, equipment, real-estate, other commercial transactions and bank products such as Treasury Management, Swaps, Sweep accounts, DDA deposits.
• Bankruptcy and business law knowledge.
• Word and Excel proficiency.
• 4 year degree.Shift:1st shift (United States of America)Hours Per Week:40

Keywords: Bank of America, Providence , SAG Portfolio Officer, Other , Providence, Rhode Island