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Commercial Associate (Healthcare, Education, Not for Profit Group – Boston)

Boston, Massachusetts

Job Description:

Bank of America's Specialized Industries Banking group is seeking a Commercial Associate to join our Healthcare, Education & Not For Profit Group in Boston. HENFP is unique in that our client teams are dedicated to adding value providing bespoke products and solutions to Not-for-Profit Healthcare (Hospital systems), Private Higher Education, and Not For Profits with no upper limit on revenue size of those organizations (the largest exceed $20 billion in annual revenue). HENFP supports the financial needs of a variety of 501(c) not for profit clients including healthcare, private universities, colleges and K-12 schools, cultural, professional and social service organizations.

  
The Commercial Associate participates as an integral member of the core Client Team, working with commercial clients. Develops, participates and/or presents client/client team presentations (economic updates, markets forecasts, industry updates, industry valuations), 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 throughout the course of a transaction. 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 to support the client teams, focusing on enhancing existing relationships, and identifying opportunities for up-tiering. Monitors Plus One activities across multiple portfolios in order to identify opportunities for expanding client relationships. Work efforts must be thorough and focused, exhibiting strong oral and written communication skills. Able to work with minimal supervision on assigned tasks, and is able to connect analytical work to the client needs and strategic objectives.

Requirements:

  • 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, CapIQ, Pitchbook, Factset, etc

Desired:

  • Desire to work in Specialized Industries with an interest in Healthcare, Education & NFP Institutions

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-20002744

Manages People: No

Travel: Yes, 5% of the time

Manager:

Talent Acquisition Contact:

Referral Bonus:

Check out the Boston office

Located near the bustling shopping district of Downtown Crossing, we’re just a few blocks away from Boston Harbor, Boston Common and Faneuil Hall Marketplace.

Street-level photo looking up at Bank of America tower

Street Address

Primary Location:
100 FEDERAL ST, MA, Boston, 02110