- Business Development
- Investment Banking
Sr. Business Development Officer - Bank of America Business Capital - Troy, MI
Asset Based Lending - Sr. Business Development Officer
Bank of American Business Capital (BABC) is seeking a Senior Business Development Officer (BDO). BABC is a market leading asset based lending group and is a unit of the Global Commercial Bank. BABC provides secured lending solutions for re-capitalization, growth situations, mergers and acquisitions, turn-around situations, DIPs, etc. for middle market and large corporate clients.
Responsible for generating a meaningful volume of new commercial finance clients. Develops referral sources within region; analyzes prospective clients and ascertains the extent of the servicing packages required. Associates are capable of handling the most complex types of commercial finance transactions. Ability to originate and execute large and core middle market transactions is a plus.
The role of the BDO is to identify, develop and close new business opportunities. In addition to direct calling on companies, the BDO will develop external sources to ensure complete coverage of their assigned market area, including investment bankers, consultants, accounting firms and private equity groups. The role also leverages the Bank of America franchise by developing internal referral sources within the Corporate and Investment Banking channels and other bank product areas. Travel is required to visit prospects and referral sources (20% or less).
This position will be filled as Business Development Officer or a Senior Business Development Officer commensurate with experience, skill set and referral network.
Must have direct calling experience at the CEO, CFO and MD level.
Five to seven years related industry experience in Investment Banking, Commercial Banking or Asset Based Lending are required.
Series 7,63 (If not currently licensed then licensing is required within 180 days)
Degree in Finance, Business or related area . MBA is desirable.
1st shift (United States of America)
Hours Per Week: