Product Specialist I - Global Commercial Bank - Syndications

Bank of America • Boston, MA

2d • $90,000 - $110,000 • Onsite

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Business Overview The Regional Loan Syndications group originates and executes club syndicated bank loans for Commercial Banking clients and prospects. The team partners closely with the Commercial Bank, Wholesale Credit, Regional Leverage Finance and Emerging Growth and Regional Coverage to drive new Bank of America led syndicated loans and corresponding ancillary business. Perform financial and statistical analyses, conduct research, and prepare support documentation and client presentation materials. Works under direction of more senior associates.

Requirements

• Minimum of 2+ years of Commercial Credit Banking experience required
• Demonstrates initiative/self-motivation
• Possesses strong interpersonal skills
• Possesses strong analytical and modeling skills
• Possesses understanding of corporate financial statements
• Possesses understanding of financial covenants and basic structuring; familiar with credit agreements
• Demonstrates strong critical thinking
• Demonstrates the ability to independently make decisions
• Licensing required – Series 79 & 63 (will support the employee through registration process if needed)
• Undergraduate degree required. Accounting, Finance or equivalent experience

Responsibilities

• Perform financial and statistical analysis
• Conduct research and prepare support documentation and client presentation material
• Development/Maintenance of Regional Loan Syndication comparative transactions
• Assist with quarterly/periodic data reporting and analysis
• Preparation of quarterly business updates
• Assist with logistical and operational tasks associated with lender meetings and loan closings
• Works under the direction of more senior associates

Benefits

• 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.
• 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.
• Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees