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Job Information

Bank of America SAG High Volume Portfolio Officer in Charlotte, North Carolina

SAG High Volume Portfolio Officer

Charlotte, North Carolina

Job Description:

The Special Asset Group manages the high risk/criticized or distressed commercial loan portfolio for the Small Business segment of Bank of America. This position focuses primarily on the workout, collection and rehabilitation of commercial loans up to $3MM originated by the Small Business line of business. A SAG High Volume Portfolio Officer is responsible for the management, workout, collection, and asset quality of a criticized loan portfolio with particular emphasis on smaller sized, moderately complex relationships in a higher volume environment. Typically has prior workout/commercial loan experience or educational and other accomplishments that are indicative of a highly motivated individual with strong advancement potential.

Required Skills and Experience:

  • Typically has 2+ years of commercial workout or commercial underwriting experience

  • BS or BA in finance, accounting, economics or management or equivalent work experience

  • The candidate must have an understanding of workout strategies, lending, 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.

  • 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.

  • Loans managed are usually moderately complex credits.

  • Experience should include knowledge of bankruptcy law

  • Must exhibit all of Bank of America core values

  • Proficient in Word and Excel

Desired Skills and Experience:

  • 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.


1st shift (United States of America)

Hours Per Week:


Full time


Manages People: No

Travel: No

Talent Acquisition Contact:

Referral Bonus:

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 and affirmative action, 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 "EEO is the Law" poster, CLICK HERE at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf .

To view the "EEO is the Law" Supplement, CLICK HERE at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCPEEOSupplementFinalJRFQA508c.pdf .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .