Commercial Associate - Commercial Real Estate

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

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 position is a developmental role for future client-facing associates, specifically relationship management opportunities within Commercial Real Estate. The role provides exposure to and knowledge of real estate finance, debt products, tax credit equity investments, treasury solutions and other Bank products and processes. Position may be hired as a Commercial Associate I, II or III dependent upon experience. The Commercial Associate participates as an integral member of the Commercial Real Estate Banking Team.

Responsibilities:

• Develops comprehensive financial, industry, economic, client and transaction analyses and presentations to facilitate relationship management strategy.
• Collaborates with Relationship Managers, product partners, coverage team members and clients to facilitate delivery of Bank products and services.
• Supports the analysis of market and industry data to uncover insights for client/prospect meetings, pitch books, and relationship reviews.
• 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
• Responsible for business analytics to support Commercial Real Estate coverage teams, focusing on enhancing new and existing relationships. Identifies opportunities to provide financial products/services and/or relevant strategic advice to Commercial Real Estate clients and prospects.
• Monitors and reviews activities across multiple product portfolios in order to identify opportunities in anticipation of client needs.
• Works closely with the Market Executive to support business planning and strategy routines including pipeline management, forecasting, process reviews and new initiative oversight.
• Serves as subject matter expert to the client team for credit, equity and Treasury sales tools.
• Connects with peers across CREB to help share best practices.

Qualifications:

• Bachelor's Degree in Accounting, Finance, or related area (or equivalent experience)
• Minimum 2 years previous experience which provided exposure to financial analysis, credit underwriting, modeling and project management
• Demonstrated interest in commercial real estate.
• Possesses outstanding interpersonal and critical thinking skills, the ability to work independently and a self-motivated drive for excellence.
• Strong written and verbal communication skills
• Demonstrated ability to quickly develop competencies around complex new tasks and responsibilities.
• Strong work ethic with a focus on being proactive, thorough and collaborative.
• Advanced experience with Microsoft Office (Outlook, Word, Excel, PowerPoint)
• Possesses strong analytical and modeling skills
• Possesses understanding of corporate financial statements
• Demonstrates strong critical thinking
• Knowledge and proficiency of internal/external programs such as Navigator, GUS, Cape, Pitchbook, Factset, SalesForce, etc
• Licensing may be required (will support the employee thru registration process if needed)
• Completion of Commercial Credit Training Program preferred

Skills:

• Continuous Improvement
• Data Visualization
• Relationship Building
• Client Management
• Data and Trend Analysis
• Financial Analysis
• Project Management
• Referral Identification
• Business Development
• Client Solutions Advisory
• Market Analysis
• Pipeline Management
• Risk Management

Shift:
1st shift (United States of America)

Hours Per Week:
40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$85,000.00 - $125,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.