Merchant Specialized Product Sales
About The Position
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. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. 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! Provide guidance and oversight on key elements of the merchant product sales cycle. Supporting TSOs that will be acting as the deal lead with client selection, pricing, credit review and post-sale implementation. The MSPS will be primarily focused on developing new business, consistent pipeline growth and conversion. Helps drive new merchant business acquisition in direct partnership with TSOs and collaboration with relationship managers. Engages clients as part of the extended client team for more complex merchant sales. Deep understanding of a client’s commerce ecosystem and the ability to consult on ways to integrate, cover industry standards, trends and broader bank product solutions. Main point of contact for new merchant business sales for the higher valued and more complex opportunities. Must be skilled at developing tailored value propositions for various client types and industries. Ability to appropriately position value and drive solutions per relationship across the merchant solutions set - Tokenization, Equipment, Transaction Routing, etc. Work across a matrixed coverage organization to achieve objectives - working with TSOs and client managers to uncover opportunities, advise in the best way to target prospects and close new business Provide strategic guidance and advisory content that helps encourage both prospects and clients of the bank to move their merchant services business to Bank of America.
Requirements
- 2-5 years of Core Acquiring (Credit/Debit) industry experience
- 2-5 years of direct sales experience
- 2-5 years of sales experience including C-level sales.
- Expert knowledge of POS (integrated/standalone) payment interfaces
- Strong analytical and organizational skills
- Ability to cultivate and strengthen client relationships with senior business and IT staff members
- Ability to technically consult with C-level executives within client environment
- Demonstrated experience working with 3rd party VAR’s / Integrators and payment gateways
- Understanding of PC payment applications, merchant services industry applications, accounting systems, competition/competitive landscape in the payments industry, enterprise resource planning systems (ERP), data security (PCI), file formatting, and data transmission
Nice To Haves
- 2-5 years’ experience in the Dealer Finance Vertical
- Experience working with National/Enterprise Sized clients
Responsibilities
- Provide guidance and oversight on key elements of the merchant product sales cycle.
- Support TSOs acting as the deal lead with client selection, pricing, credit review and post-sale implementation.
- Focus on developing new business, consistent pipeline growth and conversion.
- Drive new merchant business acquisition in direct partnership with TSOs and collaboration with relationship managers.
- Engage clients as part of the extended client team for more complex merchant sales.
- Consult on ways to integrate, cover industry standards, trends and broader bank product solutions based on a deep understanding of a client’s commerce ecosystem.
- Act as the main point of contact for new merchant business sales for higher valued and more complex opportunities.
- Develop tailored value propositions for various client types and industries.
- Position value and drive solutions per relationship across the merchant solutions set (Tokenization, Equipment, Transaction Routing, etc.).
- Work across a matrixed coverage organization to achieve objectives, including uncovering opportunities, advising on targeting prospects, and closing new business.
- Provide strategic guidance and advisory content to encourage prospects and clients to move their merchant services business to Bank of America.
Benefits
- Access to paid time off
- Resources and support to employees
- Discretionary incentive eligible
- Annual discretionary award based on individual performance, line of business performance, and overall company success.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
