Bank of America Commercial Associate – (Middle Market Banking – Iselin, NJ) in Iselin, New Jersey
Commercial Associate – (Middle Market Banking – Iselin, NJ)
The Bank of America Middle Market segment is seeking a Commercial Associate to join our Iselin, NJ Team. The Middle Market segment of the 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 are focused on developing business development skills and increased proficiency in the financial services/products that Bank of America delivers to our Middle Market clients.
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. The three principal areas of focus for the Commercial Associate include 1) new business development, 2) maintaining and advancing the Middle Market Group’s intellectual property, and 3) assisting in the coordination of various line of business management and business integration activities. In pursuit of these objectives, the Commercial Associate will directly engage in the following activities: assist in the development and delivery of client presentations, pitch books and relationship reviews; develop relevant screening memos, financial models and sensitivity analyses; coordinate with product partners, deal team members and clients throughout the course of a transaction; deliver financial, industry and economic analyses, research and other activities to facilitate client selection and other decision-making; participate in credit approval, treasury products / services sales, and risk management evaluation processes, as appropriate, to gain exposure to these disciplines; manage various industry data bases, archival and presentation materials to assure they are complete, current and actionable; 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; and assist the Market Executive in the areas of strategic planning, business reviews, business integration, general enterprise management and other ad hoc related activities. 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 is able to connect analytical work to client needs and strategic objectives.
Bachelor’s Degree in Accounting, Finance, or related area
Completion of a Commercial Credit Training Program preferred
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, CapIQ, Pitchbook, Factset, etc
- Desire to work in Commercial Banking with an interest in Middle Market Banking
Posting Date : 06/28/2018
Iselin, NJ, 194 WOOD AVE S (NJ7550),
- United States
Travel : Yes, 5% of the time
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
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