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Job Summary: Bank of America is seeking a Commercial Associate for our Global Commercial Banking team in Seattle, WA. Global Commercial Banking (GCB) serves over 9,100 clients with annual revenues of $50 million to more than $2 billion. GCB serves primarily U.S. and Canadian clients, working to deliver a full suite of financial solutions, including the international needs of our clients' overseas subsidiaries.
GCB is organized by industry and geography, to deliver both local coverage and industry expertise. Our unique client coverage model and close partnerships with other businesses in Global Banking & Markets plus Global Wealth & Investment Management and Consumer Banking and Small Business, enable our commercial client teams to seamlessly deliver all the company's capabilities as integrated solutions.
The position offers a steep learning curve, is focused on enhancing business development skills and proficiency in the financial services / products which support our Clients' objectives and affords the opportunity to work with many product and enterprise partners throughout the organization.
Primary responsibilities of the Commercial Associate (CA) are focused around working with Relationship Managers and their client teams to help deliver the financial services/products and consultative advice that Bank of America delivers to our Commercial Banking clients.
This job is responsible for delivering analytical research and developing innovative strategies to support client/prospects' needs. Key responsibilities include working closely with various banking partners to help create client/prospect presentations and providing support throughout the course of the transaction.
Job expectations include leveraging data to help tell stories, uncovering valuable insights such as economic updates, markets forecasts, new business reports, and industry valuations to inform important business decisions.
The CA role is a developmental role for future client-facing associates, specifically Relationship Managers. Position may be hired as a Commercial Associate I, II, or III dependent upon experience. This position is located in Seattle, WA.
Responsibilities: Supports the analysis of market and industry data to uncover insights for client/prospect meetings, pitch books, and relationship reviews
Collaborates with Market Executives, Relationship Managers, and various team members across the bank to help prepare client presentations and support client deals
Observes and/or supports the credit approval process to gain knowledge of credit products and help provide clients with exposure to the bank's credit products
Observes and/or supports the treasury solutions packaging process to gain exposure to treasury products/services and their related approval processes
Supports the coordination of clients/prospects and partners from product and deal teams throughout the course of a transaction
Supports the delivery of new business analytics and monitors client activities as directed to aid with identifying/expanding relationships and maintaining and/or enhancing business opportunities
Skills: • Relationship Building
• Data Visualization
• Continuous Improvement
• Project Management
• Client Management
• Referral Identification
• Financial Analysis
• Data and Trend Analysis
• Risk Management
• Market Analysis
• Business Development
• Client Solutions Advisory
• Pipeline Management
Requirements: Bachelor's degree in Accounting, Finance, or related field or comparable relevant work experience
Completion of 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 financial 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, SalesForce, etc
Shift:
1st shift (United States of America) Hours Per Week:
40
