1 day old
2017-12-102018-01-09

Commercial Associate - For Profit Healthcare Group (Palo Alto)

Bank of America
Palo Alto, CA
  • Job Code
    bankofamerica-17070940PaloAltoCA
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Company Bank of America

Job Title Commercial Associate - For Profit Healthcare Group (Palo Alto)

Jobid bankofamerica-17070940PaloAltoCA

Location: Palo Alto, CA, 94301, USA

Description **Job Description:**



Commercial Associate - For Profit Healthcare Group (Palo Alto)



Bank of America Merrill Lynch Specialized Industries Banking Group is seeking a Commercial Associate for the For Profit Healthcare Group. The For Profit Healthcare Group is a specialized team within Global Commercial Banking which serves public and private companies with annual revenues generally ranging between $100 million to $2 billion. The FPHC Group focuses on the middle market healthcare industry including traditional banking, capital raising and advisory services. The For Profit Healthcare Group maintains a leadership position within the industry, manages numerous syndicated and capital markets-agented transactions, and maintains a close working relationship with Global Corporate & Investment Banking. The position offers a steep learning curve, is focused on enhancing business development skills and proficiency in the financial services / products which support our Healthcare Clients’ objectives, and affords the opportunity to work with many product and enterprise partners throughout the organization. The role will be based in Palo Alto, CA.



The Commercial Associate participates as an integral member of the core Client Team working with the Market Executive, Senior Relationship Manager, Wholesale Credit colleagues and other product partners in support of our client and prospect activities. The three principal areas of focus for the Commercial Associate include 1) new business development, 2) maintaining and advancing the For Profit Healthcare Group’s intellectual property, and 3) assisting in the coordination of various line of business management and business integration activities. In pursuit of these objectives, the Commercial Associate will directly engage in the following activities: assist in the development and delivery of client presentations, pitch books and relationship reviews; develop relevant screening memos, financial models and sensitivity analyses; coordinate with product partners, deal team members and clients throughout the course of a transaction; deliver financial, industry and economic analyses, research and other activities to facilitate client selection and other decision-making; participate in credit approval, treasury products / services sales, and risk management evaluation processes, as appropriate, to gain exposure to these disciplines; manage various industry data bases, archival and presentation materials to assure they are complete, current and actionable; assist with monitoring various line of business analytics and performance metrics to enhance relationship management efforts in terms of expanding existing relationships and identifying opportunities for up-tiering; and assist the Market Executive in the areas of strategic planning, business reviews, business integration, general enterprise management and other ad hoc related activities.



The Commercial Associate’s work efforts must be thorough, focused and organized, exhibiting strong oral and written communication skills. Able to work with minimal supervision on assigned tasks, and is able to connect analytical work to client needs and strategic objectives.



Requirements:



+ Bachelor’s Degree in Accounting, Finance, or related area

+ Completion of Commercial Credit Training Program

+ Minimum 3 - 5 years of previous business experience

+ Demonstrates initiative / self-motivation

+ Possesses strong interpersonal skills

+ Possesses strong analytical and modeling skills

+ Possesses understanding of corporate financial statements

+ Demonstrates strong critical thinking

+ Demonstrates the ability to independently make decisions

+ Knowledge and proficiency of internal/external programs such as Navigator, GUS, Cape, Pitch book, Fact set, etc



Desired:



+ Desire to work in Specialized Industries with an interest in the Healthcare Industry



**Posting Date** : 10/18/2017



**Location** :

Palo Alto, CA, PALO ALTO MAIN OFFICE, 530 Lytton Ave,

- United States



**Travel** : No



**Full / Part-time** : Full time



**Hours Per Week** : 40



**Shift** : 1st shift



**Assistance for Applicants with Disabilities**



Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .



**Diversity & Inclusion**



At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.



**Frequently Asked Questions**



Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.



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Commercial Associate - For Profit Healthcare Group (Palo Alto)

Bank of America
Palo Alto, CA

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Commercial Associate - For Profit Healthcare Group (Palo Alto)

Bank of America
Palo Alto, CA

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