Bank of America Commercial Associate - For Profit Healthcare Group (Palo Alto) in San Francisco, California
Commercial Associate - For Profit Healthcare Group (Palo Alto)
Bank of America Merrill Lynch Specialized Industries Banking Group is seeking a Commercial Associate for the For Profit Healthcare Group. The For Profit Healthcare Group is a specialized team within Global Commercial Banking which serves public and private companies with annual revenues generally ranging between $100 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. The role will be based in Palo Alto, CA.This position may also be located in San Francisco, with the expectation that the associate would spend two days per week working in our Palo Alto office.
The Commercial Associate participates as an integral member of the core Client Team working with the Market Executive, Senior Relationship Manager, 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 For Profit Healthcare 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 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, etc
- Desire to work in Specialized Industries with an interest in the Healthcare Industry
Bank of America will consider for employment qualified applicants with criminal histories consistent with San Francisco ordinance 17-14 and federal law applicable to Bank of America.
Posting Date : 04/02/2018
Palo Alto, CA, PALO ALTO MAIN OFFICE, 530 Lytton Ave,
San Francisco, CA, 555 California St (CA5705),
- United States
Travel : No
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
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