Commercial Associate - Commercial Real Estate Banking (CREB) - Community Development Banking
About The Position
Bank of America Community Development Company (BACDC) is seeking a Commercial Associate to join the team. Bank of America’s Community Development Banking (CDB) group, part of the Commercial Real Estate Bank (CREB), is committed to strengthening communities nationwide through financing that supports affordable housing and broader community development. From 2020–2025, CDB provided more than $42 billion in debt and equity financing, creating and preserving over 74,000 affordable housing units across 335 cities in 40 states. CDB partners with for‑profit and nonprofit developers using Low Income Housing tax credits (LIHTC), Historic Tax Credits (HTC), New Market Tax Credits (NMTC), debt, and non-tax-credit equity to support housing that revitalizes neighborhoods, expands economic opportunity, and promotes long‑term community stability. CDB advances this work in some of the nation’s most competitive housing markets by providing equity investments for workforce and middle‑income housing delivering high‑quality, attainable homes for individuals and families through BACDC.
Requirements
- 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
Nice To Haves
- Previously held an internship or entry-level role in financial services
- Undergraduate Degree in Accounting, Finance, Real Estate, City or Urban Planning or related area
- Demonstrated interest in affordable housing or community development.
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
Benefits
- access to paid time off
- resources and support to our employees
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Entry Level
