10 days old

Commercial Associate - Middle Market Banking - (Boston)

Boston, MA 02133
Commercial Associate - Middle Market Banking - (Boston)



Boston, Massachusetts



**Job Description:**



The Bank of America Middle Market segment is seeking a Commercial Associate to join our Boston Team. The Middle Market segment of the Global Commercial Bank serves public and private companies with annual revenues of $50 million to $2 billion. The position offers a steep learning curve, is focused on enhancing business development skills and proficiency in the financial services / products which support our Middle Market Clients' objectives, and affords the opportunity to work with many product and enterprise partners throughout the organization.



The Commercial Associate participates as an integral member of the core Client Team working with the Market Manager and Market Executive, Senior Relationship Managers, Wholesale Credit colleagues and other product partners in support of our client and prospect activities. A principal area of focus for the Commercial Associate includes business development for both existing clients and prospects. The Commercial Associate's work efforts must be thorough, focused and organized, exhibiting strong oral and written communication skills; able to work with minimal supervision on assigned tasks, and able to connect analytical work to client needs and strategic objectives.



In pursuit of these objectives, the Commercial Associate will directly engage in the following activities:



+ act as an integral member of the core Client Team, working with commercial clients and internal partners to develop and participate in client and prospect presentations;

+ deliver financial, industry and economic analyses, research and other activities to facilitate client selection and other decision-making;

+ manage various industry data bases, archival and presentation materials to assure they are complete, current and actionable;

+ develop the necessary product knowledge (Treasury, Foreign Exchange, Rates, International, Investment Banking) to deliver our platform to clients and prospects to support the responsible growth of the portfolio;

+ coordinate with product partners, deal team members and clients throughout the course of a transaction, striving to be the connection between Middle Market and counterparts throughout the bank;

+ develop relevant screening memos, and understanding financial models and sensitivity analyses to facilitate the lending or raising of capital;

+ participate in credit approval, treasury products / services sales, and risk management evaluation processes, as appropriate, to gain exposure to these disciplines;

+ assist with monitoring various line of business analytics and performance metrics to enhance relationship management efforts in terms of expanding existing relationships and identifying opportunities for up-tiering;

+ assist the Market Manager/Market Executive in other ad hoc related activities. **Requirements:**

+ Bachelor's Degree in Accounting, Finance, or related area

+ Minimum 3 - 5 years of previous business experience

+ Completion of a Commercial Credit Training Program preferred

+ Demonstrates initiative / self-motivation

+ Possesses strong interpersonal skills

+ Possesses strong analytical and modeling skills

+ Possesses understanding of corporate financial statements

+ Demonstrates strong critical thinking

+ Demonstrates the ability to independently make decisions

+ Knowledge and proficiency of internal/external programs such as Navigator, GUS, CapIQ, Pitchbook, Factset, etc **Desired:**

+ Desire to work in Global Commercial Banking with an interest in Middle Market Banking



**Job Band:**



H5



**Shift:**



1st shift (United States of America)



**Hours Per Week:**



40



**Weekly Schedule:**



**Referral Bonus Amount:**



0



**Job Description:**



The Bank of America Middle Market segment is seeking a Commercial Associate to join our Boston Team. The Middle Market segment of the Global Commercial Bank serves public and private companies with annual revenues of $50 million to $2 billion. The position offers a steep learning curve, is focused on enhancing business development skills and proficiency in the financial services / products which support our Middle Market Clients' objectives, and affords the opportunity to work with many product and enterprise partners throughout the organization.



The Commercial Associate participates as an integral member of the core Client Team working with the Market Manager and Market Executive, Senior Relationship Managers, Wholesale Credit colleagues and other product partners in support of our client and prospect activities. A principal area of focus for the Commercial Associate includes business development for both existing clients and prospects. The Commercial Associate's work efforts must be thorough, focused and organized, exhibiting strong oral and written communication skills; able to work with minimal supervision on assigned tasks, and able to connect analytical work to client needs and strategic objectives.



In pursuit of these objectives, the Commercial Associate will directly engage in the following activities:



+ act as an integral member of the core Client Team, working with commercial clients and internal partners to develop and participate in client and prospect presentations;

+ deliver financial, industry and economic analyses, research and other activities to facilitate client selection and other decision-making;

+ manage various industry data bases, archival and presentation materials to assure they are complete, current and actionable;

+ develop the necessary product knowledge (Treasury, Foreign Exchange, Rates, International, Investment Banking) to deliver our platform to clients and prospects to support the responsible growth of the portfolio;

+ coordinate with product partners, deal team members and clients throughout the course of a transaction, striving to be the connection between Middle Market and counterparts throughout the bank;

+ develop relevant screening memos, and understanding financial models and sensitivity analyses to facilitate the lending or raising of capital;

+ participate in credit approval, treasury products / services sales, and risk management evaluation processes, as appropriate, to gain exposure to these disciplines;

+ assist with monitoring various line of business analytics and performance metrics to enhance relationship management efforts in terms of expanding existing relationships and identifying opportunities for up-tiering;

+ assist the Market Manager/Market Executive in other ad hoc related activities. **Requirements:**

+ Bachelor's Degree in Accounting, Finance, or related area

+ Minimum 3 - 5 years of previous business experience

+ Completion of a Commercial Credit Training Program preferred

+ Demonstrates initiative / self-motivation

+ Possesses strong interpersonal skills

+ Possesses strong analytical and modeling skills

+ Possesses understanding of corporate financial statements

+ Demonstrates strong critical thinking

+ Demonstrates the ability to independently make decisions

+ Knowledge and proficiency of internal/external programs such as Navigator, GUS, CapIQ, Pitchbook, Factset, etc **Desired:**

+ Desire to work in Global Commercial Banking with an interest in Middle Market Banking



**Shift:**



1st shift (United States of America)



**Hours Per Week:**



40



Learn more about this role



Full time



JR-21047656



Band: H5



Manages People: No



Travel: Yes, 5% of the time



Manager:



Talent Acquisition Contact:



Vicki Valhouli



Referral Bonus:



0



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 (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .


To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.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 Americas Drug-free workplace and alcohol policy, CLICK HERE .

Industry

  • Banking / Finance
Posted: 2021-09-11 Expires: 2021-10-19

Success begins with building relationships.

At Bank of America, our customers are at the center of everything we do. Our focus is on helping each one find the right financial solutions. With a wide range of career opportunities available, we invite you to realize your career goals with us while assisting customers with what matters most to them.

Welcome to Careers at Bank of America.


Sponsored by:
ADP Logo
Sponsored by:
Bank of America Logo

Featured Jobs[ View All ]

Featured Employers

Before you go...

Our free job seeker tools include alerts for new jobs, saving your favorites, optimized job matching, and more! Just enter your email below.

Share this job:

Commercial Associate - Middle Market Banking - (Boston)

Bank of America
Boston, MA 02133

Join us to start saving your Favorite Jobs!

Sign In Create Account
Powered ByCareerCast