Product Specialist I

Bank of America; Newport Beach (CA); On-site; USD 100,000 - 124,000; Full time

Benefits offered by this job

Benefits

Job summary

Bank of America is seeking a qualified professional to support the Regional Loan Syndications group. You will perform financial and statistical analyses, research, and prepare client presentation materials for syndicated loan opportunities.

Role involves collaboration with cross- functional teams across Commercial Banking and Investment Banking. A undergraduate degree in accounting or finance is required and the position is based in multiple U.S.

Qualifications

• Demonstrates initiative and self-motivation.
• Strong interpersonal and analytical skills.
• Ability to analyze corporate financial statements and covenants.

Responsibilities

• Perform financial and statistical analysis.
• Prepare support documentation and client presentation materials.
• Develop/Maintain regional loan syndication data and transactions.
• Assist with quarterly data reporting and updates.
• Support lender meetings and loan closings under supervision.

Skills

Analytical Thinking

Customer and Client Focus

Financial Forecasting and Modeling

Financial Management

Risk Management

Causation Analysis

Client Management

Market Analysis

Presentation Skills

Relationship Building

Data Management

Project Management

Result Orientation

Education

Undergraduate degree in Accounting, Finance or equivalent experience

Job description

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. 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!

Role Overview

Typically acts as the secondary coverage for clients. Extensive product knowledge. Interacts with clients to execute complex product transactions that generate significant revenue. Works under direction of more senior associates. Perform financial and statistical analyses, conduct research, and prepare support documentation and client presentation materials. Works under direction of more senior associates.

This position can office in the following locations: Los Angeles, Newport Beach, Dallas, or Denver.

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, Enterprise Credit, Middle Market Leverage d Finance and Regional Investment Banking to drive new Bank of America led syndicated loans and corresponding ancillary business.

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

Required Skills

• Demonstrates initiative/self-motivation /capacity to learn
• 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)

Desired Skills

• Commercial Credit experience recommended

Skills

• Analytical Thinking
• Customer and Client Focus
• Financial Forecasting and Modeling
• Financial Management
• Risk Management
• Causation Analysis
• Client Management
• Market Analysis
• Presentation Skills
• Relationship Building
• Data Management
• Project Management
• Result Orientation

Educational Requirements

• Undergraduate degree required. Accounting, Finance or equivalent experience

Shift

1st shift (United States of America)

Hours Per Week

40

Pay Transparency details

• US - CA - Los Angeles - 333 S HOPE ST - BANK OF AMERICA PLAZA (CA9193)
• US - CA - Newport Beach - 520 Newport Center Dr - Newport Beach 520 Ncd (CA6814)
• US - CO - Denver - 370 17TH ST - REPUBLIC PLAZA (CO1004)

Pay Range

$100,000.00 - $123,500.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary Incentive

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.

Benefits

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.