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

Bank of America; Chicago (IL); On-site; USD 80,000 - 150,000; Full time

Job summary

An established industry player seeks a Sr. Relationship Manager to drive growth in the Transformative Healthcare segment. This role focuses on managing a diverse portfolio of healthcare clients, providing tailored financial solutions, and enhancing relationships through strategic advisory. You will collaborate with various teams to deliver exceptional client experiences while mentoring peers. This position offers a unique opportunity to make a significant impact in a dynamic environment, where your expertise in commercial banking will be valued and rewarded. Join a forward-thinking organization committed to fostering an inclusive workplace and supporting your career growth.

Qualifications

• 7+ years in Commercial or Investment Banking with proven client management skills.
• Strong corporate finance and capital markets acumen required.

Responsibilities

• Manage a portfolio of For Profit Healthcare clients with revenues of $50M to $2B.
• Acquire and deepen profitable client relationships through effective sales strategies.

Skills

Client Management

Client Solutions Advisory

Prospecting

Relationship Building

Referral Identification

Business Development

Client Experience Branding

Data and Trend Analysis

Education

Undergraduate degree in related field

MBA

Tools

Financial modeling

Credit training

Job description

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

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
• Referral Identification
• Business Development
• Client Experience Branding
• Data and Trend Analysis

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.