Bank of America
Manager Business Development - Asset-Based Lending - Mid-West
Bank of America, Chicago, Illinois, United States, 60290
Manager Business Development - Asset-Based Lending - Mid-West
Join to apply for the
Manager Business Development - Asset-Based Lending - Mid-West
role at
Bank of America Manager Business Development - Asset-Based Lending - Mid-West
1 week ago Be among the first 25 applicants Join to apply for the
Manager Business Development - Asset-Based Lending - Mid-West
role at
Bank of America This range is provided by Bank of America. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range
$217,000.00/yr - $250,000.00/yr 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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
This job is responsible for sourcing new financing opportunities and leading deal teams through the analysis, approval, and execution phases of a transaction. Key responsibilities include working on sole lender, club, and widely syndicated ABL transactions and maintaining an external referral network of private equity firms, investment banks, consultants, and direct credit lenders. Job expectations include developing an internal referral network of relationship managers and credit product managers in Global Banking among other lines of business to work with prospective ABL clients and COIs.
Responsibilities:
Originates new asset based lending credit facilities for companies $50MM+ in revenue Acquires 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 internal bank partners to deliver asset based lending solutions to clients and prospects Leads and facilitates dialogue with complex clients and prospects on topics such as the industry, alternative capital structures, and general business issues Coaches and mentors peers, while utilizing leadership skills Adapts to changes in sales practices and broader market and industry conditions as needed
Required Skills:
Track record of driving results through the motivation and management of a team Strong credit skills (Commercial Banking experience and/or asset-based lending experience preferred) Senior level contacts in the market with financial sponsors, restructuring advisors, and other referral sources Strong understanding of sales organizations and sales processes Ability to manage direct reports in remote states. Able to establish and maintain collaborative partnerships across organizational boundaries Able to drive integration among multiple partners and functions Demonstrates sound judgment and acts with speed - able to achieve results quickly Displays personal courage, makes tough people and business decisions Communicates crisply and candidly Unquestionable business and personal integrity Series 7, 63,24 required within 180 days
Skills:
Risk management Project management Business development Client management Pipeline management Prospecting Referral identification Relationship building Sales performance management Sales strategy Financial analysis Continuous improvement Negotiation Networking
Education:
Undergraduate Degree or equivalent work experience.
Shift:
1st shift (United States of America)
Hours Per Week:
40 Seniority level
Seniority level Mid-Senior level Employment type
Employment type Full-time Job function
Job function Business Development and Sales Industries Banking Referrals increase your chances of interviewing at Bank of America by 2x Get notified about new Business Development Manager jobs in
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Join to apply for the
Manager Business Development - Asset-Based Lending - Mid-West
role at
Bank of America Manager Business Development - Asset-Based Lending - Mid-West
1 week ago Be among the first 25 applicants Join to apply for the
Manager Business Development - Asset-Based Lending - Mid-West
role at
Bank of America This range is provided by Bank of America. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range
$217,000.00/yr - $250,000.00/yr 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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
This job is responsible for sourcing new financing opportunities and leading deal teams through the analysis, approval, and execution phases of a transaction. Key responsibilities include working on sole lender, club, and widely syndicated ABL transactions and maintaining an external referral network of private equity firms, investment banks, consultants, and direct credit lenders. Job expectations include developing an internal referral network of relationship managers and credit product managers in Global Banking among other lines of business to work with prospective ABL clients and COIs.
Responsibilities:
Originates new asset based lending credit facilities for companies $50MM+ in revenue Acquires 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 internal bank partners to deliver asset based lending solutions to clients and prospects Leads and facilitates dialogue with complex clients and prospects on topics such as the industry, alternative capital structures, and general business issues Coaches and mentors peers, while utilizing leadership skills Adapts to changes in sales practices and broader market and industry conditions as needed
Required Skills:
Track record of driving results through the motivation and management of a team Strong credit skills (Commercial Banking experience and/or asset-based lending experience preferred) Senior level contacts in the market with financial sponsors, restructuring advisors, and other referral sources Strong understanding of sales organizations and sales processes Ability to manage direct reports in remote states. Able to establish and maintain collaborative partnerships across organizational boundaries Able to drive integration among multiple partners and functions Demonstrates sound judgment and acts with speed - able to achieve results quickly Displays personal courage, makes tough people and business decisions Communicates crisply and candidly Unquestionable business and personal integrity Series 7, 63,24 required within 180 days
Skills:
Risk management Project management Business development Client management Pipeline management Prospecting Referral identification Relationship building Sales performance management Sales strategy Financial analysis Continuous improvement Negotiation Networking
Education:
Undergraduate Degree or equivalent work experience.
Shift:
1st shift (United States of America)
Hours Per Week:
40 Seniority level
Seniority level Mid-Senior level Employment type
Employment type Full-time Job function
Job function Business Development and Sales Industries Banking Referrals increase your chances of interviewing at Bank of America by 2x Get notified about new Business Development Manager jobs in
Chicago, IL . Chicago, IL $142,800.00-$162,400.00 1 week ago Director of Business Development-Cafeteria Replacement
Chicago, IL $100,000.00-$120,000.00 5 months ago Regional Client Development Manager - Midwest & Mid-Atlantic
Chicago, IL $120,000.00-$150,000.00 1 week ago Business Development Manager, Pickleball
Chicago, IL $75,000.00-$95,000.00 2 weeks ago Chicago, IL $90,000.00-$120,000.00 1 week ago Chicago, IL $130,000.00-$160,000.00 2 weeks ago Chicago, IL $140,000.00-$160,000.00 1 month ago Chicago, IL $100,000.00-$120,000.00 2 weeks ago Business Development Manager, MedSpa Channel - Chicago
Lisle, IL $100,000.00-$130,000.00 2 weeks ago Chicago, IL $100,000.00-$130,000.00 3 weeks ago Northbrook, IL $85,000.00-$150,000.00 1 day ago Chicago, IL $85,000.00-$160,000.00 1 week ago Business Development Manager (Meetings & Events)
Chicago, IL $70,000.00-$80,000.00 1 day ago Business Development Manager - National Accounts
Chicago, IL $80,000.00-$120,000.00 1 week ago Chicago, IL $180,000.00-$220,000.00 1 day ago Schaumburg, IL $95,000.00-$105,000.00 3 weeks ago Business Development Manager (Microsoft)
We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr