Commercial Associate - Washington DC/Baltimore MD

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

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Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

This is a great opportunity to join our Healthcare, Education & Not-for-Profit Team in Washington, DC.  The Healthcare, Education and Not-For-Profit Group (“HENFP") is unique in that our client teams are dedicated to adding value by providing specialized products and solutions to Not-for-Profit Healthcare (hospitals, health systems and insurance providers), Private Higher Education, and Not- For- Profits (charitable, cultural, social and leading Non-Governmental organizations); with annual revenues starting at $50 million and with no upper limit on revenue size of those organizations (the largest exceed $20 billion in annual revenue).  Our client relationship teammates, located in the U.S. and around the globe, partner across our company to provide a wide range of financial services, integrated working capital management and treasury solutions, and underwriting and advisory services.

Job Summary:

Great opportunity to join our Global Commercial Banking Team! The Bank of America Middle Market segment is seeking a Commercial Associate to join our Specialty team. The Global Commercial Bank serves public and private companies with annual revenues of $50 million to $2 billion, primarily in the U.S. and Canada, as well as their international subsidiaries. Our client relationship teammates, located in the U.S. and around the globe, partner across our company to provide a wide range of financial services, integrated working capital management and treasury solutions, and underwriting and advisory services. Commercial Associates will develop foundational skills in financial analysis, client relationship support, and commercial banking operations that Bank of America delivers to our Commercial Banking clients.

This job is responsible for delivering analytical research and data-driven insights to support commercial banking client and prospect needs with banking and product partners. Key responsibilities include developing economic and market insights, industry analysis, pitchbooks, and relationship reviews that inform strategy, and providing support throughout interactions. Job expectations include leveraging data to tell stories, supporting internal idea generation and transaction execution, strengthening client engagement, and observing client interactions to build foundational knowledge.

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 team members across the bank to help prepare client presentations and support client deals
• Observes and supports the credit approval and treasury solutions processes to build knowledge of products, services, and related approval and packaging requirements
• 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, monitors client activities, and performs portfolio optimization to identify and expand client relationships while maintaining and enhancing business opportunities
• Understands and interprets financial and cash flow statements to assess and analyze financial conditions of companies and industry trends
• Observes with domestic and international teammates including Investment Banking, Foreign Exchange, and Wealth Management, and facilitates client relationships with Product Specialists in Credit, Treasury Management, and Merchant Services to design and deliver financial solutions

Required Qualifications:

• Minimum of two years of professional or business experience
• Applies analytical thinking and financial modeling skills
• Demonstrates strong critical thinking and the ability to work independently
• Displays excellent written and verbal communication skills
• Possesses proficiency in Microsoft Office (Excel, PowerPoint, Word, Outlook)
• Maintains strong attention to detail and organizational skills
• Has strong interpersonal skills with the ability to work collaboratively in a team environment
• Understands and interprets corporate financial statements

Desired Qualifications:

• Previously held an internship or entry-level role in financial services
• Bachelor’s degree in accounting, finance or related field

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

Minimum Education Requirement:

• Bachelor’s degree in a related field or equivalent work experience.

Shift:

Hours Per Week: