16 days old

Commercial Associate - Community Development Banking (Charlotte)

Charlotte, NC 28230
Commercial Associate - Community Development Banking (Charlotte)



Charlotte, North Carolina



**Job Description:**



Bank of Americas Community Development Banking (CDB) group is seeking a Commercial Associate to join our team. CDB is part of the Commercial Real Estate Bank (CREB) and is committed to building stronger and healthier neighborhoods in low- and moderate-income communities by providing financing solutions, including equity investments, to for-profit and non-profit developers of affordable multifamily housing. In 2020, CDB delivered $3.62 billion in debt commitments and $2.25 billion in investments to help build vibrant, sustainable communities through affordable housing and economic development across the country. Primary responsibilities of the Commercial Associate (CA) are focused on working with Relationship Managers and their client teams to help deliver the financial services/products and consultative advice that Bank of America delivers to our CDB clients. The CA role is a developmental role for future client-facing associates, specifically Relationship Managers. This position will be based in Charlotte, NC.



Participates as an integral member of the Community Development Banking Client Team, working with commercial clients and prospects. Develops, participates and/or presents client/client team presentations (economic updates, markets forecasts, industry updates, industry valuations, client and prospect research and peer analysis), pitch books and relationship reviews Participates in the credit approval process in order to gain exposure to Credit products and the decision/approval process. Participates in treasury solutions packaging in order to gain exposure to Treasury products/services and their related approval/support processes. Coordinates with product partners, deal team members and clients to facilitate delivering the full bank.



Delivers financial, industry, and economic analyses and other activities to facilitate decision making with comprehensive and in-depth company and industry research. Responsible for new business analytics and call planning to support the client teams, focusing on enhancing existing relationships, and identifying opportunities for providing additional financial products or services or relevant strategic advice and insight for our clients. Monitors and reviews activities across multiple portfolios in order to identify opportunities for expanding client relationships and anticipating business needs. Serve as subject matter expert for the Client Team for research and sales tools and productivity resources. Connect with peers across CREB to help share best practices. Work efforts must be thorough and focused, exhibiting strong oral and written communication skills. Able to work proactively and with minimal supervision on assigned tasks, and is able to connect analytical work to the client needs and strategic objectives. Qualifies early in role and develops later in role.



**Required Skills:**



o Undergraduate degree required. Accounting, Finance, Real Estate or related field preferred



o Minimum of 3-5 years of previous business experience



o Credit skills preferred



o Demonstratesinitiative/self-motivation



o Possesses strong interpersonal skills



o Possesses strong analytical and modeling skills



o Possesses understanding of corporate financial statements



o Demonstrates strong critical thinking



o Demonstrates the ability to independently make decisions



**Desired Skills:**



o Strong excel,PowerPoint, and Microsoft Office skills



o Real estate and credit experience preferred.



**Job Band:**



H5



**Shift:**



1st shift (United States of America)



**Hours Per Week:**



40



**Weekly Schedule:**



**Referral Bonus Amount:**



0



**Job Description:**



Bank of Americas Community Development Banking (CDB) group is seeking a Commercial Associate to join our team. CDB is part of the Commercial Real Estate Bank (CREB) and is committed to building stronger and healthier neighborhoods in low- and moderate-income communities by providing financing solutions, including equity investments, to for-profit and non-profit developers of affordable multifamily housing. In 2020, CDB delivered $3.62 billion in debt commitments and $2.25 billion in investments to help build vibrant, sustainable communities through affordable housing and economic development across the country. Primary responsibilities of the Commercial Associate (CA) are focused on working with Relationship Managers and their client teams to help deliver the financial services/products and consultative advice that Bank of America delivers to our CDB clients. The CA role is a developmental role for future client-facing associates, specifically Relationship Managers. This position will be based in Charlotte, NC.



Participates as an integral member of the Community Development Banking Client Team, working with commercial clients and prospects. Develops, participates and/or presents client/client team presentations (economic updates, markets forecasts, industry updates, industry valuations, client and prospect research and peer analysis), pitch books and relationship reviews Participates in the credit approval process in order to gain exposure to Credit products and the decision/approval process. Participates in treasury solutions packaging in order to gain exposure to Treasury products/services and their related approval/support processes. Coordinates with product partners, deal team members and clients to facilitate delivering the full bank.



Delivers financial, industry, and economic analyses and other activities to facilitate decision making with comprehensive and in-depth company and industry research. Responsible for new business analytics and call planning to support the client teams, focusing on enhancing existing relationships, and identifying opportunities for providing additional financial products or services or relevant strategic advice and insight for our clients. Monitors and reviews activities across multiple portfolios in order to identify opportunities for expanding client relationships and anticipating business needs. Serve as subject matter expert for the Client Team for research and sales tools and productivity resources. Connect with peers across CREB to help share best practices. Work efforts must be thorough and focused, exhibiting strong oral and written communication skills. Able to work proactively and with minimal supervision on assigned tasks, and is able to connect analytical work to the client needs and strategic objectives. Qualifies early in role and develops later in role.



**Required Skills:**



o Undergraduate degree required. Accounting, Finance, Real Estate or related field preferred



o Minimum of 3-5 years of previous business experience



o Credit skills preferred



o Demonstratesinitiative/self-motivation



o Possesses strong interpersonal skills



o Possesses strong analytical and modeling skills



o Possesses understanding of corporate financial statements



o Demonstrates strong critical thinking



o Demonstrates the ability to independently make decisions



**Desired Skills:**



o Strong excel,PowerPoint, and Microsoft Office skills



o Real estate and credit experience preferred.



**Shift:**



1st shift (United States of America)



**Hours Per Week:**



40



Learn more about this role



Full time



JR-21073428



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: 2021-11-11 Expires: 2021-12-20

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.


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Commercial Associate - Community Development Banking (Charlotte)

Bank of America
Charlotte, NC 28230

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