SAG Portfolio Officer

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us Job Description: Typically has 3-5 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. Skills: Collection Management Critical Thinking Problem Solving Credit and Risk Assessment Decision Making Legal Structures and Legal Forms Client Management Loan Structuring Negotiation Oral Communications The Special Asset Group manages the high risk/criticized or distressed commercial loan portfolio for Bank of America. The SAG Portfolio Officer directly manages a portfolio of assigned relationships in the Business Banking portfolio and has primary responsibility to develop, negotiate and implement strategies designed to balance the bank's internal risk/return requirements by minimizing potential losses as well as supporting client needs. This position is primarily focused on small to medium sized, moderately complex relationships.

Depending on the severity of the client’s financial distress, the SAG Portfolio Officer will either directly manage the relationship or work collaboratively with the originating line of business to develop and implement appropriate strategies. If managed directly, the SAG Portfolio Officer is the primary customer contact serving as both relationship officer and Credit Products Officer

The SAG Portfolio Officer: • Develop and implement appropriate strategies to maximize recovery in distressed credits. • Rehabilitate credits (when appropriate) and return to originating line of business. • Pursue and oversee adversarial collection actions including litigation, foreclosure, Bankruptcy/363 sale, or Receivership. • Negotiate and document amendments (subject to internal SAG approval) • Conduct periodic portfolio reviews to ensure compliance with BAC and regulatory reporting requirements and internal risk ratings • Develop relationships across lines of business within Bank of America. • Develop a deeper understanding of loan structuring, bankruptcy law and workout strategies The role requires a college degree in a finance or a related field, 2-5 years in commercial underwriting or prior workout experience, and a strong understanding of commercial lending, credit analysis and commercial loan documentation Additionally, individuals should have excellent written and oral communication skills, strong negotiation skills and the ability to move decisively, often with limited or imperfect information or in highly dynamic situations. Shift: 1st shift (United States of America)

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us Job Description: Typically has 3-5 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. 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

The Special Asset Group manages the high risk/criticized or distressed commercial loan portfolio for Bank of America. The SAG Portfolio Officer directly manages a portfolio of assigned relationships in the Business Banking portfolio and has primary responsibility to develop, negotiate and implement strategies designed to balance the bank's internal risk/return requirements by minimizing potential losses as well as supporting client needs. This position is primarily focused on small to medium sized, moderately complex relationships.

Depending on the severity of the client’s financial distress, the SAG Portfolio Officer will either directly manage the relationship or work collaboratively with the originating line of business to develop and implement appropriate strategies. If managed directly, the SAG Portfolio Officer is the primary customer contact serving as both relationship officer and Credit Products Officer

The SAG Portfolio Officer: • Develop and implement appropriate strategies to maximize recovery in distressed credits. • Rehabilitate credits (when appropriate) and return to originating line of business. • Pursue and oversee adversarial collection actions including litigation, foreclosure, Bankruptcy/363 sale, or Receivership. • Negotiate and document amendments (subject to internal SAG approval) • Conduct periodic portfolio reviews to ensure compliance with BAC and regulatory reporting requirements and internal risk ratings • Develop relationships across lines of business within Bank of America. • Develop a deeper understanding of loan structuring, bankruptcy law and workout strategies The role requires a college degree in a finance or a related field, 2-5 years in commercial underwriting or prior workout experience, and a strong understanding of commercial lending, credit analysis and commercial loan documentation Additionally, individuals should have excellent written and oral communication skills, strong negotiation skills and the ability to move decisively, often with limited or imperfect information or in highly dynamic situations. Shift: 1st shift (United States of America)

Hours Per Week: 40 About Us

Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure.

Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity. Regardless of the position you are interested in, the starting points to building your resume are the same: 1. Determine the job or types of jobs you want to do and research their responsibilities and qualifications. 2. Think about why you can do the job and make a list of your skills that are relative to the job. 3. Identify experiences or accomplishments that show your proficiency in the skills required for the job. 4. Summarize your abilities, accomplishments and skills into a brief, concise document.

Considerations when writing a resume • Do be brief. Resumes should be 1-2 pages in length. • Do be upbeat and active in your wording. • Do emphasize what you have done clearly and concretely. • Do be neat and well organized. • Do have others proofread and critique your resume. Spell check. Make it error free. • Do use high quality, white or light colored 8½ x 11 paper. Use a laser printer if possible. • Don't be dishonest, always tell the truth about yourself in the most flattering light. • Don't include salary history or requirements. • Don't include references. • Don't include accomplishments that do not support your professional goals. •

Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.) • Don't use italics, underlining, shadows or other fancy treatments. Seven steps to a successful interview 1. Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview? 2. Research –What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available? 3. Assess –Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight. 4. Prepare Answers –Think about what the interviewer may ask, determine what the best answer is and write it down. 5. Prepare Questions – Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks. 6. Practice – It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease. 7. Follow-up – Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage.

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