Commercial Associate-Global Commercial Banking-Sports Finance & Advisory Group

Posted:
8/12/2024, 5:00:00 PM

Location(s):
Charlotte, North Carolina, United States ⋅ North Carolina, United States

Experience Level(s):
Junior ⋅ Mid Level ⋅ Senior

Field(s):
Finance & Banking

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description:

Global Commercial Banking (GCB) serves over 9,100 clients with annual revenues of $50 million to more than $2 billion. GCB serves primarily U.S. and Canadian clients, working to deliver a full suite of financial solutions, including the international needs of our clients’ overseas subsidiaries. GCB is organized by industry and geography, to deliver both local coverage and industry expertise.

The Sports Finance & Advisory Group is a specialized team within Global Commercial Banking. The Sports Finance & Advisory Group focuses on the professional sports industry including traditional banking, capital raising and advisory services.  Our target markets include the major league sports teams including their stadium/arena development affiliates and their respective league bodies, selected sports media entities, and other related segments such as motorsports, golf, and selected food & beverage and facility management concessionaires. 

The Sports Finance & Advisory Group maintains a leadership position within the industry. Our unique client coverage model and close partnerships with other businesses in Global Banking & Markets, Global Wealth & Investment Management, Consumer Banking, & Small Business enable our client teams to seamlessly deliver all the company’s capabilities as integrated solutions. 

This job is responsible for delivering analytical research and developing innovative strategies to support client/prospects' needs. Key responsibilities include working closely with various banking partners to help create client/prospect presentations and providing support throughout the course of the transaction. Job expectations include leveraging data to help tell stories, uncovering valuable insights such as economic updates, markets forecasts, new business reports, and industry valuations to inform important business decisions. *This role will be based in Charlotte, NC, and may be hired as a Commercial Associate I, II, or III dependent upon experience.

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 various team members across the bank to help prepare client presentations and support client deals

  • Observes and/or supports the credit approval process to gain knowledge of credit products and help provide clients with exposure to the bank's credit products

  • Observes and/or supports the treasury solutions packaging process to gain exposure to treasury products/services and their related approval processes

  • 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 and monitors client activities as directed to aid with identifying/expanding relationships and maintaining and/or enhancing business opportunities

Skills:

  • Relationship Building

  • Data Visualization

  • Continuous Improvement

  • Project Management

  • Client Management

  • Referral Identification

  • Financial Analysis

  • Data and Trend Analysis

  • Risk Management

  • Market Analysis

  • Business Development

  • Client Solutions Advisory

  • Pipeline Management

Required Qualifications:

  • Bachelor’s degree in Accounting, Finance, or related area (or equivalent experience)

  • Minimum 3-5 years of previous business experience

  • Possesses strong analytical and financial modeling skills

  • Demonstrates initiative/self-motivation

  • Possesses strong interpersonal skills

  • Possesses understanding of corporate financial statements

  • Demonstrates strong critical thinking

  • Demonstrates the ability to independently make decisions

Desired Qualifications:

  • Completion of Commercial Credit training program

  • Knowledge and proficiency of internal/external programs such as Navigator, GUS, Cape, Pitchbook, Factset, SalesForce, etc

  • Desire to work with major league sports teams, including their stadium/arena development affiliates and their respective league bodies, selected sports media entities, and other related segments such as motorsports, golf, and selected food & beverage and facility management concessionaires to develop new business relationships and grow the business with existing clients

Shift:

1st shift (United States of America)

Hours Per Week: 

40