VCN Healthcare Jobs

Virtual Career Network Healthcare mobile logo

Job Information

Bank of America Commercial Associate – For Profit Healthcare Group – (Boston, New York, Atlanta, Nashville) in Nashville, Tennessee

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

Boston, Massachusetts;New York, New York; Nashville, Tennessee; Atlanta, Georgia

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

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .

DirectEmployers