Commercial Associate Role

3 weeks ago


New York, New York, United States Bank of America Full time

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 Summary:
The Bank of America Middle Market segment is seeking a Commercial Associate to join our Upstate, NY 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.


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 Middle Market clients.

The CA role is a developmental role for future client-facing associates, specifically Relationship Managers. Position may be hired as a Commercial Associate I, II, or III dependent upon experience. This position can be located in Albany, Rochester, Syracuse or Buffalo, NY.

Job Description:
This job is responsible for delivering analytical research and developing innovative strategies to support client/prospects needs.

Key responsibilities include working closely with various banking partners to help create client/prospect presentations and providing support throughout the course of the transaction.

Job expectations include leveraging data to help tell stories, uncovering valuable insights such as economic updates, markets forecasts, new business reports, and industry valuations to inform important business decisions.


Responsibilities:
Supports the analysis of market and industry data to uncover insights for client/prospect meetings, pitch books, and relationship reviews

Collaborates with Market Executives, Relationship Managers, and various team members across the bank to help prepare client presentations and support client deals

Observes and/or supports the credit approval process to gain knowledge of credit products and help provide clients with exposure to the banks credit products

Observes and/or supports the treasury solutions packaging process to gain exposure to treasury products/services and their related approval processes

Supports the coordination of clients/prospects and partners from product and deal teams throughout the course of a transaction

Supports the delivery of new business analytics and monitors client activities as directed to aid with identifying/expanding relationships and maintaining and/or enhancing business opportunities

Required Qualifications:
Minimum 3 years of previous business experience

Demonstrates initiative/self-motivation

Possesses strong interpersonal communication skills

Possesses strong analytical and financial modeling skills

Proficient in reading & interpreting corporate financial statements

Demonstrates strong critical thinking skills

Demonstrates the ability to independently make decisions

Desired Qualifications:
Bachelor's Degree in Finance, Accounting, or related area

Formal Commercial Credit Training

Skills:

  • Relationship Building
  • Data Visualization
  • Continuous Improvement
  • Project Management
  • Client Management
  • Referral Identification
  • Financial Analysis
  • Data and Trend Analysis
  • Risk Management
  • Market Analysis
  • Business Development
  • Client Solutions Advisory
  • Pipeline Management

Minimum Education Requirement:
Bachelor's Degree in related field or equivalent work experience

Shift:
1st shift (United States of America)

Hours Per Week:
40

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