girl looking into her desktop
Back to search results

Commercial Associate – For Profit Healthcare Group – (Boston, New York, Atlanta, Nashville)

Boston, Massachusetts;

Job Description:

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.  This position can be based in Boston, New York, Atlanta or Nashville.


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.

Requirements:

o   Bachelor’s Degree in Accounting, Finance, or related area

o   Completion of Commercial Credit Training Program

o   Minimum 3 - 5 years of previous business experience

o   Demonstrates initiative / self-motivation

o   Possesses strong interpersonal skills

o   Possesses strong analytical and modeling skills

o   Possesses understanding of corporate financial statements

o   Demonstrates strong critical thinking

o   Demonstrates the ability to independently make decisions

o   Knowledge and proficiency of internal/external programs such as Navigator, GUS, Cape, Pitch book, Fact set, etc


Desired:

o   Desire to work in Specialized Industries with an interest in the Healthcare Industry

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

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.  This position can be based in Boston, New York, Atlanta or Nashville.


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.

Requirements:

o   Bachelor’s Degree in Accounting, Finance, or related area

o   Completion of Commercial Credit Training Program

o   Minimum 3 - 5 years of previous business experience

o   Demonstrates initiative / self-motivation

o   Possesses strong interpersonal skills

o   Possesses strong analytical and modeling skills

o   Possesses understanding of corporate financial statements

o   Demonstrates strong critical thinking

o   Demonstrates the ability to independently make decisions

o   Knowledge and proficiency of internal/external programs such as Navigator, GUS, Cape, Pitch book, Fact set, etc


Desired:

o   Desire to work in Specialized Industries with an interest in the Healthcare Industry

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21042407

Band: H5

Manages People: No

Travel: Yes, 5% of the time

Manager:

Talent Acquisition Contact:

Vicki Valhouli

Referral Bonus:

0