Private Equity and Real Assets Sourcing and Origination Senior Product Specialist
Company: Disability Solutions
Location: New York
Posted on: October 30, 2024
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 Description:Acts as the senior product
representative on a client team and is solely responsible for all
product transactions with key clients. Negotiates fee structures.
Has extensive, in-depth knowledge of product functions and can
operate independently in handling transactions. Strong client
relationship skills used to control and coordinate all aspects of a
transaction, from marketing and documentation to closing. Develops
aggressive marketing plans and strategies affecting an entire
region or section.The Private Equity/Real Assets Product Sourcing &
Origination team strives to develop and maintain a comprehensive
product offering calendar across Private Markets including: Private
Equity, Credit, Real Estate, Infrastructure, Special Situations and
Energy Transition within its Alternative Investments platform for
various client demographics.In addition to product sourcing, deal
negotiating and feeder fund structuring this position may require
connectivity with financial advisors and clients to execute complex
product transactions across private placements and RICs.The role is
an integral part of the broader team Private Markets team
responsible across the illiquid spectrum of Alternative Investments
including private equity, real estate, real assets, credit and
special situations as well as perpetual and evergreen
offerings.Initiatives specifically include:
- Sourcing managers/funds
- Onboarding managers and launching feeder funds and direct
investments
- Determining offering and pricing structures
- Negotiating terms
- Managing external funds relationships while assisting on
existing products
- Driving initiatives that advance and support a robust
Alternative Investments platform that meets the unique needs of the
private bank / institutional clients
- The Private Equity/Real Assets Product Origination team strives
to develop and maintain a comprehensive product offering calendar
across its Alternative Investments platform for various client
demographics.
- In addition to product sourcing, deal negotiating and feeder
fund structuring this position may act as secondary coverage for
financial advisors and clients to execute complex product
transactions across private placements and RICs.
- The role works alongside the broader team Private Equity/Real
Assets Origination team responsible across the illiquid spectrum of
Alternative Investments including private equity, real estate, real
assets, credit and special situations.Initiatives specifically
include:
- Sourcing managers/funds
- Onboarding managers and launching feeder funds and direct
investments
- Determining offering and pricing structures
- Negotiating terms
- Managing external funds relationships while assisting on
existing products
- Driving initiatives that advance and support a robust
Alternative Investments platform that meets the unique needs of the
private bank / institutional clientsResponsibilities:Specific
responsibilities for Origination efforts will include but not be
limited to:
- Working in conjunction with Sales and Due Diligence to
determine appropriate funds to offer to ML clients
- Developing appropriate legal structure and operational process
for each product
- Assisting in determining pricing structures
- Negotiating business and operating terms with fund
managers
- Coordinating launching and oversight of private equity
funds
- Coordinating investment and business due diligence efforts
- Ensuring proper internal and external legal review
- Coordinating internal review processes
- Creating contractual agreements and business proposals
- Analyzing private equity offering documents to determine
business, legal and headline risk
- Maintaining comprehensive knowledge of all private equity fund
structures, terms and other industry trendsSpecific
responsibilities for the management of existing products and
external fund relationship efforts will include but not be limited
to:
- Coordinating appropriate actions to address developing matters
with existing funds
- Drafting formal communications for financial advisors and
clients
- Ongoing maintenance of platform collateral
- Integration of offerings across the Bank of America platform
Required Qualifications:
- Knowledge of financial markets required, a lean toward private
markets preferred.
- Demonstrated capability to work in a team environment
- Ability to manage and execute multiple projects
- Excellent written and verbal communication skills
- Bachelor's degree (concentrated in Finance or related field)
- 8-10+ years of alternative experience, preferably within
private equity origination or deal sourcingDesired qualifications:
- Series 7 and 66 preferred or must be willing to obtain within
120 days of start date
- Business MBA preferredSkills
- Analytical Thinking
- Customer and Client Focus
- Financial Forecasting and Modeling
- Monitoring, Surveillance, and Testing
- Risk Management
- Causation Analysis
- Client Management
- Market Analysis
- Product Marketing and Branding
- Relationship Building
- Negotiation
- Networking
- Presentation Skills
- Product ManagementMinimum education requirements: Bachelors
degreeShift:1st shift (United States of America)Hours Per Week:
40Pay Transparency detailsUS - NY - New York - ONE BRYANT PARK -
BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay
range$116,000.00 - $225,000.00 annualized salary, offers to be
determined based on experience, education and skill
set.Discretionary incentive eligibleThis 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.BenefitsThis 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.
Keywords: Disability Solutions, Cherry Hill , Private Equity and Real Assets Sourcing and Origination Senior Product Specialist, Accounting, Auditing , New York, New Jersey
Didn't find what you're looking for? Search again!
Loading more jobs...