Sr. Relationship Manager, Global Commercial Banking - Transformative Healthcare (Chicago)

Bank of America; Chicago (IL); On-site; USD 140,000 - 235,000; Full time

Job summary

An established industry player is seeking a Sr. Relationship Manager to join their Transformative Healthcare segment. This role focuses on providing financial solutions to clients in the healthcare sector, managing a portfolio of companies with significant revenues. You will collaborate with various teams to enhance client relationships and deliver tailored financial strategies. The position offers a dynamic work environment with opportunities for personal and professional growth, making a meaningful impact in the healthcare industry. If you have a passion for client management and a strong background in banking, this is an exciting opportunity to advance your career.

Benefits

Paid time off

Industry-leading benefits

Annual discretionary award

Access to resources and support

Qualifications

• 7+ years’ experience in Commercial Banking or Investment Banking.
• Strong corporate finance, capital markets and accounting acumen.

Responsibilities

• Manages a portfolio of For Profit Healthcare clients with revenues of $50M to $2B.
• Acquires, deepens, and maintains profitable client relationships.

Skills

Client Management

Financial Analysis

Relationship Building

Sales Performance Management

Team Leadership

Prospecting

Risk Management

Data and Trend Analysis

Continuous Improvement

Pipeline Management

Education

Undergraduate degree in related field

MBA

Tools

Financial modeling

Credit training

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. 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 Summary

Bank of America’s Transformative Healthcare segment is seeking a Sr. Relationship Manager to join our team. The Transformative Healthcare Group focuses on the middle market healthcare industry including traditional banking, capital raising and advisory services. This group is a specialized team within the Global Commercial Bank which serves public and private healthcare companies, generally with annual revenues of $50 million to $2 billion. The Transformative 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 Investment Banking. The team brings its industry specialization and solutions to support the financial needs of healthcare services, life sciences and medical technology companies.

Job Description:
This job is responsible for providing advice and valuable financial solutions to complex Global Commercial Banking clients and prospects. Key responsibilities include serving as the primary point of contact or trusted advisor and acquiring, deepening, and maintaining profitable relationships, collaborating with teammates, and facilitating client relationships with Product Specialists. Job expectations include having knowledge of the bank's products and services in order to identify relationship deepening opportunities and increase overall client satisfaction.

Responsibilities:

• Manages a portfolio of For Profit Healthcare clients and prospects with annual revenues of $50 million to $2 billion and helps companies operate, borrow, and invest for their current and future needs.
• Acquires, deepens, and maintains profitable client relationships through sales, prospecting, and enhancing existing relationships.
• Understands and interprets financial and cash flow statements to assess and analyze financial conditions of companies and industry trends.
• Collaborates with domestic and international teammates throughout the bank, including Investment Banking, Foreign Exchange, and Wealth Management and facilitates client relationships with Product Specialists in Credit, Treasury Management, and Merchant Services in order to design and deliver financial solutions to clients and prospects.
• Leads and facilitates dialogue with a variety of complex For Profit Healthcare clients and prospects regarding topics such as the healthcare industry, alternative capital structures, and general business issues.
• Coaches and mentors peers, while utilizing team leadership skills.
• Adapts to changes in sales practices and broader market and industry conditions as needed.

Skills:

• Client Management
• Client Solutions Advisory
• Prospecting
• Relationship Building
• Risk Management
• Financial Analysis
• Team Leadership
• Referral Identification
• Sales Performance Management
• Business Development
• Client Experience Branding
• Continuous Improvement
• Data and Trend Analysis
• Pipeline Management

Required Skills:

• 7+ years’ experience in Commercial Banking or Investment Banking.
• Demonstrates ability to successfully manage an extensive portfolio of clients with revenues greater than $50 million.
• Proven track record of prospecting new business, enhancing existing relationships and closing profitable transactions.
• Professional proven sales skills and experience, including planning, execution and follow up from client meetings.
• Strong corporate finance, capital markets and accounting acumen.
• Financial modeling experience and the completion of a credit training is required.
• Outstanding oral and written communication skills.
• Demonstrated leadership ability.
• Capable of organizing, facilitating, leading and negotiating with a team of bank associates to solve client problems.
• Securities Industry Essentials (SIE), Series 7 & 63 (Must obtain SIE, series 7 & 63 license within 180 days of start date).

Desired Skills:

• Undergraduate degree in related field or equivalent work experience. MBA desirable.
• Existing knowledge of the market preferred.
• Active member/participation in local community organizations.
• Highly desirable to have active networking contacts and Centers of Influence established in market.
• Desire to work on Specialized Industries with an interest in Healthcare.

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details:

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110) Pay and benefits information Pay range $140,000.00 - $235,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible. 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.