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Commercial Associate - For Profit Healthcare Group - Boston Massachusetts
Company: Disability Solutions
Location: Boston, Massachusetts
Posted On: 04/21/2024
Job Description:Working at Bank of America believes 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, grown and make an impact, along with the power to make a difference. Join us!Bank of America Merrill Lynch Specialized Industries Banking Group is seeking a Commercial Associate for the For Profit Healthcare Group. The FPHC Group is a specialized team within the Global Commercial Bank which serves public and private healthcare companies, generally with annual revenues of $50 million to $2 billion. The FPHC Group focuses on the middle market healthcare industry including traditional banking, capital raising and advisory services. The For Profit Healthcare Group maintains a leadership position within the industry, manages numerous syndicated and capital markets-agented transactions, and maintains a close working relationship with Global Corporate & Investment Banking. The position offers a steep learning curve, is focused on enhancing business development skills and proficiency in the financial services / products which support our Healthcare 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 For Profit Healthcare 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 Boston or New York. 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.ResponsibilitiesSupports 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 bank's 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.Skills Financial Analysis Financial Modeling Prospecting Business Development Relationship Building Referral Identification Critical Thinking Problem Solving Risk Management Market Analysis Data and Trend Analysis Data Visualization Continuous Improvement Client Management Project ManagementRequirements: - Bachelor's Degree in Accounting, Finance, or related area
- Completion of Commercial Credit Training Program
- Minimum 3 - 5 years of previous business experience
- 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, Cape, Pitch book, Fact set, Salesforce, etcDesired:
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